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Top Analyst Upgrades and Downgrades: Alphabet, American Water, Caterpillar, Cisco, Comcast, Gap, Lululemon, Nike, Slack, Stitch Fix, Tesla, Under Armour and More
February 4, 2020 9:00 am
Last Updated: February 4, 2020 9:17 am
Slack Technologies Inc. (NYSE: WORK) was started with an Outperform rating and a $25 target price (versus a $20.98 close) at RBC Capital Markets. Shares closed up 1% at $20.98, in a 52-week range of $19.53 to $42.00. The consensus target price is $27.44.
Stitch Fix Inc. (NASDAQ: SFIX) was started as Market Perform with a $24 target price at BMO Capital Markets. Shares closed up almost 6% at $24.27 on Monday, with a prior consensus target price of $31.08.
Sysco Corp. (NYSE: SYY) was downgraded to Equal Weight and the target price was lowered to $75 from $90 at Wells Fargo. It closed down 6.6% at $76.69 on Monday, with a prior consensus target price of $84.64.
Tandem Diabetes Care Inc. (NASDAQ: TNDM) was downgraded to Neutral from Outperform at Robert W. Baird, yet the firm raised its target price to $75 from $71. Shares closed at $75.90, in a 52-week range of $40.46 to $78.41. The consensus target price is $77.75.
Tesla Inc. (NASDAQ: TSLA) was downgraded to Neutral from Buy at New Street Research, but the firm did keep its prior $800 target price in the valuation downgrade. Tesla shares were up almost 20% to $780.00 on Monday, and they were indicated up at $890.00 or so early on Tuesday.
Texas Roadhouse Inc. (NASDAQ: TXRH) was raised to Outperform from Neutral and the target price was raised to $74 from $57 (versus a $62.77 close) at Wedbush.
Uber Technologies Inc. (NYSE: UBER) was reiterated as Overweight and its target price was raised to $57 from $55 (versus a $37.59 close) at Morgan Stanley.
Ulta Beauty Inc. (NASDAQ: ULTA) was started as Market Perform with a $285 target price at BMO Capital Markets.
Under Armour Inc. (NYSE: UAA) started as Underperform with an $18 target price (versus a $20.28 close) at BMO Capital Markets.
United Rentals Inc. (NYSE: URI) was maintained as Buy at Citigroup, but the firm trimmed its target price to $175 from $180.
Urban Outfitters Inc. (NASDAQ: URBN) was started as Market Perform with a $26 target price (versus a $26.23 close) at BMO Capital Markets.
Wix.com Ltd. (NASDAQ: WIX) was named as the Bull of the Day at Zacks, which said that this firm has proven an uncanny ability to drive steady and reliable growth globally. Shares most recently closed at $145.21 and have a consensus price target of $156.53.
Wynn Resorts Ltd. (NASDAQ: WYNN) was named as the Zacks Bear of the Day stock. The firm said that this stock has long-term potential, but its short-term risks may outweigh the potential at the moment. Shares last closed at $128.58, with a consensus price target of $151.06.
WW International Inc. (NASDAQ: WW) was raised to Buy from Neutral with a $48 target price (versus a $26 prior target) at Goldman Sachs.
The analysts at Jefferies are staying with some sizzling tech and momentum plays with fourth-quarter earnings drawing to a close.
Monday’s top analyst upgrades and downgrades included Aimmune Therapeutics, Amgen, Biogen, Chevron, CRISPR, Exxon Mobil, Nike, Snap, Uber, Ulta Beauty, Verizon and many more.
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