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Top Analyst Upgrades and Downgrades: Albermarle, AEP, Autodesk, Chewy, Domino's, HollyFrontier, Livent, NextEra, RealReal, Square, T-Mobile and Many More

L Brands Inc. (NYSE: LB) closed down 3.6% at $23.42 on Thursday even after selling off Victoria’s Secret. Evercore ISI raised it to Outperform from In-Line and raised its target price to $24 from $19.

Livent Corp. (NYSE: LTHM) was up 3.8% at $11.86 on Thursday but the stock traded down 18% at $9.70 on Friday after its adjusted profit and sales missed expectations. BMO Capital Markets downgraded it to Underperform from Market Perform with a $7.50 target price.

Mednax Inc. (NYSE: MD) was down over 21% at $20.96 on Thursday after UnitedHealth reportedly is not renewing with the company. Citigroup downgraded it to Neutral from Buy and slashed the target price to $23 from $29.

NextEra Energy Inc. (NYSE: NEE) closed up almost 1% at $277.03 on Thursday. UBS reiterated it as Buy and raised its target to $310 from $300.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) was maintained as Outperform but the target price was lowered to $60 from $65 (versus a $48.51 close) at Wedbush. The firm noted that the coronavirus fallout was much larger than expected given an abundance of caution.

Oil States International Inc. (NYSE: OIL) was raised to Neutral from Underweight at JPMorgan.

RealReal Inc. (NASDAQ: REAL) was raised to Outperform from Market Perform and the target price was set at $21 at Raymond James. Credit Suisse reiterated its Outperform rating. Shares closed up about 0.5% at $15.60 ahead of the call, with a $26.36 consensus target price, but they were indicated up 2.8% at $16.05 on Friday morning.

Shake Shack Inc. (NYSE: SHAK) was downgraded to Hold from Buy and the target price was lowered to $79 from $82 (versus a $76.64 close) at SunTrust Robinson Humphrey. The call is ahead of earnings with limited visibility on positive same-store sales data.

Six Flags Entertainment (NYSE: SIX) was maintained as Neutral at Wedbush, but the firm lowered its target for the third time in a year to $31 from $34. KeyBanc Capital Markets maintained its Overweight rating but lowered its target to $45 from $50. It previously closed down over 16% at $31.89 after earnings and its dividend cut.

Square Inc. (NYSE: SQ) was reiterated as Buy and the target price was raised to $99 from $80 at Citigroup.

Texas Roadhouse Inc. (NASDAQ: TXRH) closed up 2% at $66.35 ahead of earnings and was indicated up 7% at $71.00 afterward. Raymond James reiterated it as Strong Buy and raised its target to $75 from $72. Wedbush reiterated its Outperform rating and raised its target price up to $79 from $74.

T-Mobile US Inc. (NASDAQ: TMUS) was downgraded to Outperform from Strong Buy at Raymond James, but the firm lifted its target price to $107 from $99. T-Mobile closed down about 1% at $99.50 ahead of the call and was indicated down over 1% at $98.40 afterward.

TrueCar Inc. (NASDAQ: TRUE) closed at $3.91 ahead of earnings but a wider loss had shares indicated down about 27% at $2.85 on Friday morning. Stephens maintained it as Overweight but halved its target price from $8 to $4. RBC Capital Markets maintained its Sector Perform rating but cut its target to $3.50 from $5.00.

Warrior Met Coal Inc. (NYSE: HCC) closed down 12.2% at $17.71 on Thursday. Benchmark started coverage with a Hold rating.

Merrill Lynch has five IPOs from 2019 that it believes have significant upside at this time, and some are rather famous names.

Thursday’s top analyst upgrades and downgrades included Advanced Micro Devices, American Electric Power, Analog Devices, CenturyLink, Dish Network, Herbalife, NextEra Energy, NRG Energy, On Semiconductor, SolarEdge Technologies and many more.

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