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Top Analyst Upgrades and Downgrades: Accenture, Amex, Capital One, GameStop, Halliburton, JPMorgan, Kraft Heinz, Lyft, Nike, Square, Uber and More
March 20, 2020 9:11 am
Last Updated: March 20, 2020 9:17 am
Lyft Inc. (NASDAQ: LYFT) was maintained as Overweight but the target price was cut to $48 from $55 at KeyBanc Capital Markets. The stock closed up about 29% at $20.70 a share on Thursday.
Monster Beverage Corp. (NASDAQ: MNST) was raised to Buy from Neutral with a $60 target price (versus a $54.32 close) at Guggenheim.
National Oilwell Varco Inc. (NYSE: NOV) was raised to Outperform from Neutral but the target price was slashed to $13 from $25 at Credit Suisse.
Nike Inc. (NYSE: NKE) was raised to Buy from Neutral at BofA Securities.
Occidental Petroleum Corp. (NYSE: OXY) was downgraded to Underweight from Equal Weight and its target price was slashed to $5 from $21 at Wells Fargo.
Pepsico Inc. (NYSE: PEP) was raised to Buy from Neutral with a $134 target price (versus a $117.34 close) at Guggenheim.
Pinduoduo Inc. (NASDAQ: PDD) was started with a Market Perform rating at Bernstein.
Prudential Financial Inc. (NYSE: PRU) was downgraded to Sector Perform from Outperform at RBC Capital Markets.
Square Inc. (NYSE: SQ) was maintained as Buy but the target price was slashed to $55 from $100 (versus a $40.00 close) at SunTrust Robinson Humphrey.
Synaptics Inc. (NASDAQ: SYNA) was downgraded to Underweight from Neutral at JPMorgan.
Textron Inc. (NYSE: TXT) was downgraded to Equal Weight from Overweight at Barclays.
Transocean Ltd. (NYSE: RIG) was downgraded to Neutral from Outperform at Credit Suisse.
Uber Technologies Inc. (NYSE: UBER) was maintained as Buy but the target price was lowered to $42 from $56 (versus a $14.82 close) at SunTrust Robinson Humphrey. Wells Fargo raised it to Overweight from Equal Weight but cut its target price to $41 from $45. KeyBanc maintained its Overweight rating but cut its target to $40 from $48.
Ulta Beauty Inc. (NASDAQ: ULTA) was raised to Buy from Hold with a $205 target price at Citigroup. Shares closed up 14% at $146.99 on Thursday, and that is down from a high of $368.83.
UnitedHealth Group Inc. (NYSE: UNH) was raised to Buy from Hold with a $308 target price (versus a $219.80 close) at Deutsche Bank.
Weatherford International PLC (NYSE: WFT) was raised to Hold from Sell at Gabelli.
Thursday’s top analyst upgrades and downgrades included Apple, Beyond Meat, Clorox, Domino’s, Etsy, Intel, Roku, Square, 3D Systems, Tesla, Uber and more.
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