Top Analyst Upgrades and Downgrades: Alkermes, Aurora Cannabis, BlackRock, Duke Energy, Nvidia, Ralph Lauren, SunPower, Veeva Systems, Yelp and More

Investing

February 14, 2020 9:05 am

Last Updated: February 14, 2020 9:09 am

Mosaic Co. (NYSE: MOS) was downgraded to Neutral from Buy and the target price lowered to $21 at Citigroup. That compares to a $26.18 consensus target. The stock closed most recently at $19.48.

Newmark Group Inc. (NYSE: NMRK) was downgraded to Neutral from Overweight and the price target was lowered to $12.50 at Piper Sandler. The consensus target is $13.63, and the stock closed at $11.79.

Nvidia Corp. (NASDAQ: NVDA) saw its target price raised at Goldman Sachs to $290 from $256. The analysts keep a Buy rating on the company, which posted huge quarterly results after the close on Thursday. Cowen raised its price target to a stunning $325 from $240. The shares closed trading at $270.78 on Thursday and were up almost 7% in premarket trading.

Ralph Lauren Corp. (NYSE: RL) was named as the Bull of the Day at Zacks, which said that the firm had its normally scheduled earnings beat for the quarter but in this case the magnitude was much higher. Shares most recently closed at $122.98, with a consensus price target of $136.25.

SunPower Inc. (NASDAQ: SPWR) saw its target price moved to $13.50 from $12.00 at Goldman Sachs, which maintained a Buy rating. The new target price compares to the $8.55 consensus estimate. The company posted stellar fourth-quarter results and shares closed trading on Thursday at $8.82. The stock was up almost 3% in premarket action.

Veeva Systems Inc. (NYSE: VEEV) was started with an Overweight rating and a $188 target price at Piper Sandler. The consensus target is posted at $177.60. On Thursday, the shares closed at $153.95.

Willis Towers Watson PLC (NASDAQ: WLTW) was downgraded to Equal Weight from Overweight with a $222 price objective at Morgan Stanley. The $222.63 consensus price objective compares with Thursday’s close at $218.80.

Yelp Inc. (NASDAQ: YELP) was downgraded to Sector Perform from Outperform with a lowered $35 price target at RBC Capital Markets. Barclays downgraded it to Underweight from Equal Weight with a $30 price objective. The consensus price target is $38.71. Thursday’s closing price was $36.50, but shares were down 10% in the premarket as earnings missed Wall Street estimates.

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Yum! Brands Inc. (NYSE: YUM) was started with a Hold rating at Deutsche Bank, which has a $97 price target. The consensus price target for the restaurant gain is $111.26. The stock closed Thursday at $105.03.

Zebra Technologies Corp. (NASDAQ: ZBRA) is raised to Overweight from Neutral with a $262 price target at JPMorgan. The consensus price target is slightly higher at $269.93. The last trade hit Thursday at $233.32, down almost 8% as a fourth-quarter earnings miss had sellers out in full force.

Thursday’s top analyst upgrades and downgrades included Applied Materials, Cisco Systems, Cognizant Technology Solutions, Costco Wholesale, Enphase Energy, Medtronic, Shopify, Starbucks, Teva Pharmaceutical, Xilinx and many more.

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