Top Analyst Upgrades and Downgrades: Casper, CME, Deere, Disney, Domino's, Home Depot, Nike, RealReal, Salesforce, SolarEdge, Sunrun and More
Kratos Defense & Securities Solutions Inc. (NASDAQ: KTOS) was down 22% at $15.00 after earnings on Tuesday. Jefferies raised its rating to Buy from Hold after the weakness.
Lowe’s Companies Inc. (NYSE: LOW) showed a mixed earnings report after closing down over 3.5% at $118.52. Lowe’s was given a preliminary review at Wedbush, with the firm’s first take keeping its Outperform rating and $135 target price and calling the quarter a low-quality beat but with solid guidance.
Nike Inc. (NYSE: NKE) was downgraded to Hold from Buy with a $112 target price at HSBC. Nike closed down 3.1% at $92.90, versus a consensus target price of $110.89 and with a 52-week trading range of $77.07 to $105.62
RealReal Inc. (NASDAQ: REAL) closed up 0.1% at $14.97 but was trading down 6.5% at $14.00 in early post-earnings indications. Wells Fargo maintained it as Overweight but lowered its target price to $25 from $29. Credit Suisse reiterated its Outperform rating with a $24 target price.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) closed up about 4% at $442.35 on Tuesday with a $48.6 billion market cap. Robert W. Baird downgraded it to Neutral from Outperform. Canaccord Genuity raised its rating to Buy from Hold and raised its target price to $550 from $410.
Salesforce.com Inc. (NYSE: CRM) was down 2.5% at $181.27 ahead of earnings, but despite beating guidance the shares initially fell another 2% to $177 on news that co-CEO Keith Block was stepping down after just 18 months on the job. Raymond James reiterated its Strong Buy rating and raised its target to $230 from $200, and Deutsche Bank reiterated its Buy rating and raised its target to $195 from $185.
SolarEdge Technologies Inc. (NASDAQ: SEDG) was named as the Bull of the Day at Zacks, which said that the stock has soared over the past year and it topped earnings in the fourth quarter. Shares recently closed at $133.00, with a consensus price target of $124.83.
Sunnova Energy International Inc. (NASDAQ: NOVA) was reiterated as Outperform and its target price was raised to $21 from $14 by Credit Suisse. Shares closed up 2.25 at $17.94 on Tuesday, with a $17.43 consensus target price.
Sunrun Inc. (NASDAQ: RUN) was down 6% at $20.80 on Tuesday, and Credit Suisse reiterated its Outperform rating and raised its target price to $30 from $24.
Tenet Healthcare Corp. (NYSE: THC) was raised to Neutral from Underweight with a $32 target price (versus a $29.25 close) at JPMorgan. Shares closed down 10.5% on Tuesday, and the consensus target price was $38.56.
Tilly’s Inc. (NYSE: TLYS) was named as the Zacks Bear of the Day stock. The firm said that shares have plummeted over 45% in 2020 and earnings have been sluggish recently. The shares last closed at $6.63 and have a consensus price target of $11.83.
Walt Disney Co. (NYSE: DIS) announced the inevitable with CEO Bob Iger passing the baton, with a 3.6% drop to $128.19 ahead of the news and another 2.5% drop to $125.00 afterward. Disney was reiterated as Buy with a $168 price objective at Merrill Lynch.
SunTrust Robinson Humphrey downgraded homebuilders to Hold from Buy with a more balanced risk-reward scenario now that its thesis has played out better than anticipated. The stocks downgraded included D.R. Horton Inc. (NYSE: DHI), KB Home (NYSE: KBH) and PulteGroup Inc. (NYSE: PHM).
Tuesday’s top analyst upgrades and downgrades included Aurora Cannabis, Biogen, EverQuote, Micron Technology, Nio, Nvidia, Palo Alto Networks, Tandem Diabetes Care, Tesla, Wix.com and many more companies.