Investing
Top Analyst Upgrades and Downgrades: Amazon, Baker Hughes, Berkshire Hathaway, Beyond Meat, PG&E, Ping, Slack, 3D Systems, Uber, Wells Fargo and More
January 28, 2020 9:10 am
Last Updated: January 30, 2020 10:37 am
PG&E Corp. (NYSE: PCG) was maintained as Equal Weight at Barclays, but the firm raised its target price to $16 from $10 in the call. Mizuho raised it to Buy from Neutral with a $22 target price. Shares closed down 1.6% at $14.04 on Monday and were indicated to open marginally higher on Tuesday.
Ping Identity Holding Corp. (NYSE: PING) was reiterated as Buy and the target price was raised to $32 from $26 (versus a $24.29 close) at Citigroup.
Pioneer Natural Resources Co. (NYSE: PXD) was started with a Buy rating and assigned a $165 target price (versus a $135.39 close) at Argus. It has a 52-week range of $114.79 to $178.22, and its consensus target price is $182.39.
Raymond James Financial Inc. (NYSE: RJF) was reiterated with a Buy rating and a $96 target price for the focus list at Argus. The stock closed at $89.55 ahead of the call, and its consensus target price is $104.67.
RingCentral Inc. (NYSE: RNG) was started with an Overweight rating and a $240 target price (versus a $195.15 close) at Wells Fargo. The consensus target price is $200.24.
Slack Technologies Inc. (NYSE: WORK) was started as Overweight with a $30 target price (versus a $20.06 close) at Wells Fargo.
SVB Financial Group (NASDAQ: SIVB) was reiterated as Overweight and the target price was raised to $300 from $295 (versus a $243.38 close) at Morgan Stanley.
3D Systems Corp. (NYSE: DDD) was downgraded to Neutral from Overweight with a $12 target price (versus an $11.08 close) at Piper Sandler. It was indicated down almost 5% at $10.55, in a 52-week range of $6.47 to $14.50. The consensus target price was $9.58.
Travelers Companies Inc. (NYSE: TRV) was reiterated as Buy with a $145 target price at Argus. Travelers closed at $133.73, in a 52-week range of $124.08 to $155.09 and with a consensus target price of $137.82.
Twilio Inc. (NYSE: TWLO) was started as Overweight and with a $155 target price (versus a $120.55 close) at Wells Fargo.
Uber Technologies Inc. (NYSE: UBER) closed down over 1.3% at $36.30 on Monday, with a consensus target price of $44.51. UBS started Uber with a Buy rating and a $56 target price.
Visa Inc. (NYSE: V) was reiterated as Outperform and the target price was raised to $220 from $205 at Raymond James.
Wells Fargo & Co. (NYSE: WFC) was raised to Neutral from Underperform with a $50 target price (versus a $47.10 close) at Robert W. Baird.
Zions Bancorp. (NASDAQ: ZION) was raised to Neutral from Underperform with a $48 target price (versus a $46.46 close) at Robert W. Baird.
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A handful of utilities are still expected to outperform in 2020.
Monday’s top analyst upgrades and downgrades included Alphabet, Amazon.com, Apple, Biogen, Chewy, Comcast, Deere, Facebook, Intel, SolarEdge Technologies, Wynn Resorts and many more.
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