Top Analyst Upgrades and Downgrades: AMD, AEP, Analog Devices, CenturyLink, Dish, Herbalife, NextEra, NRG, On Semi, SolarEdge and More

Eversource Energy (NYSE: ES) was started as Outperform with a $100 target price at BMP Capital Markets. Shares closed at $94.30, with an $88.00 consensus target price ahead of this call.

Exelon Corp. (NASDAQ: EXC) was started as Outperform and its target price was set at $56 (versus a $49.60 close) at BMO Capital Markets.

Galapagos N.V. (NASDAQ: GLPG) was downgraded to Underperform from Sector Perform with a $175 target price (versus a $266.68 close) at RBC Capital Markets.

Herbalife Nutrition Ltd. (NYSE: HLF) was down 1% at $38.58 on Wednesday, with a prior consensus target price of $55.00 and a 52-week range of $33.62 to $57.73. Citigroup maintained its Buy rating but lowered its target to $49 from $55.

NextEra Energy Inc. (NYSE: NEE) was started as Outperform and its target price was set at $290 (versus a $274.67 close) at BMO Capital Markets.

NRG Energy Inc. (NYSE: NRG) was started as Market Perform with a $43.50 target price (versus a $39.40 close) at BMO Capital Markets.

ON Semiconductor Corp. (NASDAQ: ONNN) was maintained as Strong Buy but the target price was lowered to $28 from $30 (versus a $20.90 close) at Needham. The consensus target price was $23.19 ahead of the call, and the 52-week trading range is $16.65 to $25.92.

PTC Therapeutics Inc. (NASDAQ: PTCT) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

SolarEdge Technologies Inc. (NASDAQ: SEDG) shares rose almost 18% to $127.84 after beating earnings. Needham raised its target to $149 from $102 and maintained its Buy rating, while JMP Securities maintained its Outperform rating and raised its target to $157 from $117.

Spirit AeroSystems Holdings Inc. (NYSE: SPR) was named as the Zacks Bear of the Day stock. The firm said that suppliers to Boeing are feeling the effects from the continued grounding of the 737 Max. Its shares last closed at $65.61, with a consensus price target of $76.67.

Tivity Health Inc. (NASDAQ: TVTY) was downgraded to Hold from Buy at SunTrust Robinson Humphrey, and Jefferies also downgraded it to Hold from Buy. After closing at $22.93, the shares were indicated down 38% at $14.10 in the wake of missing earnings estimates. The prior $30.00 consensus target price compares to a 52-week trading range of $14.84 to $26.07.

Fifteen of the top 50 ESG (environmental, social, governance) stocks still appear to be quite undervalued despite the money flooding into that theme.

The energy sector has struggled mightily in 2020, but Goldman Sachs has three top picks rated Buy that all were up big in Wednesday’s trading.

Wednesday’s top analyst upgrades and downgrades included Accenture, Adobe, Agilent Technologies, Consol Energy, Everbridge, NetApp, Nvidia, Tesla, Williams Companies, and many more.

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