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Top Analyst Upgrades and Downgrades: AbbVie, Apple, Arch Coal, FedEx, Ford, GM, Nvidia, Skyworks, Stitch Fix, WWE and More
February 10, 2020 9:00 am
Last Updated: February 10, 2020 9:09 am
General Motors Co. (NYSE: GM) was reiterated as Overweight and the target price was raised to $46 from $45 (versus a $33.63 close) at Morgan Stanley.
Grubhub Inc. (NYSE: GRUB) was reiterated as Neutral with a $45 target price (versus a $50.56 close) at Wedbush, which noted that the company is seeing some stabilization but that it is also still very competitive with a lot of work ahead.
Intercontinental Exchange Inc. (NYSE: ICE) was raised to Overweight from Equal Weight at Wells Fargo. Its shares closed up 2.8% at $92.63 on Friday, with a $103.29 consensus target price.
Kohl’s Corp. (NYSE: KSS) was named as the Zacks Bear of the Day stock. The firm said comps continue to fall at this department store chain. Shares last closed at $43.80, with a consensus price target of $47.19.
MPLX L.P. (NYSE: MPLX) was downgraded to Neutral from Outperform at Credit Suisse. It closed down 1.5% at $23.00 a share on Friday, with a $32.06 consensus target price.
New York Community Bancorp Inc. (NYSE: NYCB) was raised to Overweight from Neutral with a $13 target price (versus an $11.13 close) at Sandler Piper.
Nvidia Corp. (NASDAQ: NVDA) was reiterated as Outperform and the target price was raised to $300 from $250 at RBC Capital Markets. Shares closed down 1% at $251.59 on Friday, with a $249.78 consensus target price.
Royal Caribbean Cruises Ltd. (NYSE: RCL) was reiterated as Buy with a $164 target price (versus a $116.67 close) at SunTrust Robinson Humphrey, with the firm noting that the purchase of Hapag-Lloyd Cruises increases Royal Caribbean’s exposure to luxury and expedition segments.
Skyworks Solutions Inc. (NASDAQ: SWKS) was started with an Outperform rating and a $142 target price at Wells Fargo. It closed down 3.25 at $113.94 on Friday, with a $129.38 consensus target price.
Stitch Fix Inc. (NASDAQ: SFIX) was reiterated as Buy with a $38 target price (versus a $23.43 close) at SunTrust, with the firm seeing a faster rollout of “Shop Your Looks” and that it could accelerate revenue in the second half of 2020. The shares have a consensus target price of $30.54 and a 52-week trading range of $16.999 to $37.72.
World Wrestling Entertainment Inc. (NYSE: WWE) was downgraded to Underweight from Overweight at Wells Fargo. Shares closed down 4.4% at $42.53 on Friday and were indicated down 3.3% at $41.11 on Monday morning.
Zions Bancorp. (NASDAQ: ZION) was downgraded to Sector Perform from Outperform at RBC Capital Markets.
Friday’s top analyst upgrades and downgrades included Cardinal Health, Domino’s, FedEx, Ford, General Electric, Grubhub, HSBC, Marvell Technology, Twitter, Uber and many more.
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