Fortive Corp. (NYSE: FTV) was raised to Market Perform from Underperform at Cowen.
Gilead Sciences Inc. (NASDAQ: GILD) was maintained as Outperform with an $86 target price at RBC Capital Markets, but the firm removed Gilead as a Top Pick stock from its list. After closing up 5.4% at $80.23 on Friday, the stock was down 4.5% at $76.60 on Monday morning, despite being one of the 10 stocks that has thrived despite the stock market carnage.
Hilton Worldwide Holdings Inc. (NYSE: HLT) was maintained as Outperform but its target price was lowered to $110 from $122 at Raymond James. Wells Fargo maintained its Equal Weight but cut its target to $92 from $114.
Huntington Bancshares Inc. (NASDAQ: HBAN) was raised to Outperform from Neutral at Robert W. Baird. After a 5.6% drop to $11.12 on Friday, it was indicated down 8% at $10.20 on Monday.
Logitech International S.A. (NASDAQ: LOGI) was raised to Outperform from Neutral with a $48 target price (versus a $39.79 close) at Wedbush Securities, with the firm noting that its growth trajectory remains stable despite the market disruptions.
Nu Skin Enterprises Inc. (NYSE: NUS) was downgraded to Hold from Buy at Deutsche Bank.
PACCAR Inc. (NASDAQ: PCAR) was raised to Market Perform from Underperform at Cowen.
Plexus Corp. (NASDAQ: PLXS) was raised to Overweight from Neutral at JPMorgan.
Regions Financial Corp. (NYSE: RF) was downgraded to Market Perform from Strong Buy at Raymond James.
Revolution Medicines Inc. (NASDAQ: RVMD) was started with a Buy rating and a $50 target price at Guggenheim.
Scorpio Tankers Inc. (NYSE: STNG) was raised to Buy from Hold with a $30 target price (versus a $16.40 close) at Stifel.
Stamps.com Inc. (NASDAQ: STMP) was named as the Bull of the Day at Zacks, which said that this digital postage provider has been one of the few coronavirus-immune stocks. Shares most recently closed at $123.39, with a consensus price target of $135.00.
Sterling Bancorp (NYSE: STL) was downgraded to Underweight from Neutral at Piper Sandler.
Tellurian Inc. (NASDAQ: TELL) was downgraded to Neutral from Outperform and its target price was slashed to $2.00 from $5.00 (versus a $1.21 close) at Robert W. Baird.
Total S.A. (NYSE: TOT) was downgraded to Market Perform from Outperform at Bernstein.
Triumph Bancorp Inc. (NASDAQ: TBK) was downgraded to Neutral from Buy at B. Riley FBR.
Vivint Smart Home Inc. (NYSE: VVNT), which was just featured as one of 10 stocks that have thrived even in the market carnage, was maintained as I-Line with a target price hike to $23 from $12.50 at Imperial Capital. Goldman Sachs started coverage with a Neutral rating and a $25 target price. Shares closed up over 13% at $26.54 on Friday.
Despite the market carnage, 10 stocks thrived last week, as well as over the course of the past month and in 2020.
Friday’s top analyst upgrades and downgrades included Advanced Micro Devices, Apple, Booking, Cisco Systems, Costco Wholesale, Kroger, Lyft, Macy’s, Marvell Technology, Starbucks and many more.
How the 2020 Coronavirus Stock Market Turmoil Compares to Crashes and Black Swan Events of the Modern Era