Evoqua Water Technologies Corp. (NYSE: AQUA) was raised to Buy from Neutral but the price target was lowered to $14 from $22 at Goldman Sachs.
Fiverr International Ltd. (NYSE: FVRR) was named as the Bull of the Day at Zacks, which said that we are shifting to a more digitally-driven economy and Fiverr’s offering perfectly embodies this movement. Shares most recently closed at $23.43 and have a consensus price target of $34.86.
General Motors Corp. (NYSE: GM) was downgraded to Hold from Buy and the price target was slashed to $25 from $41 at Deutsche Bank, with the firm worried about GM’s liquidity during production shutdowns.
Laureate Education Inc. (NASDAQ: LAUR) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Mid-America Apartment Communities Inc. (NYSE: MAA) was downgraded to Market Perform from Outperform at BMO Capital Markets.
Nordstrom Inc. (NYSE: JWN) was named as the Zacks Bear of the Day stock. The firm said that this pandemic is pushing retailers to the edge of their balance sheets. Shares last closed at $18.04, with a consensus price target of $27.56.
Old Dominion Freight Line Inc. (NASDAQ: ODFL) was downgraded to Underperform from Neutral with a $120 price objective at BofA Securities. It closed up 3.2% at $142.64 ahead of the call, with a $131.94 consensus price target.
Pinterest Inc. (NYSE: PINS) was maintained as Neutral but its price target was lowered to $23 from $29 (versus a $15.06 close) at Credit Suisse.
RingCentral Inc. (NYSE: RNG) was started as Outperform with a $240 price target (versus a $194.99 close) at Evercore ISI.
SL Green Realty Corp. (NYSE: SLG) was downgraded to Market Perform from Outperform at BMO Capital Markets.
Sunnova Energy International Inc. (NYSE: NOVA) was maintained as Outperform but its price target was lowered to $12.50 from $21.00 (versus a $10.68 close) at Credit Suisse, a day after Raymond James started it as Outperform with a $13 price target.
Sunrun Inc. (NASDAQ: RUN) was maintained as Outperform but its price target was lowered to $18 from $30 (versus a $10.57 close) at Credit Suisse.
Walt Disney Co. (NYSE: DIS) was downgraded to Equal Weight from Overweight at Wells Fargo.
Wingstop Inc. (NASDAQ: WING) was reiterated as Buy and its price target was raised to $108 from $95 at SunTrust Robinson Humphrey, with the firm talking up Wingstop’s preliminary +9.9% same-store sales in the first quarter as consumers are focused on delivery and to-go orders during the COVID-19 outbreak.
The financial sector has been ripped by the market downturn, and now the stocks are trading incredibly cheap compared with the S&P 500. Four Buy-rated stocks could be big solid additions to long-term growth portfolios. That said, declining book value and dividend cuts are likely to remain key concerns into bank earnings.
Ten fresh credit ratings agency downgrades and warnings could send these corporate borrowing costs sky-high.
Tuesday’s top analyst upgrades and downgrades included BHP, Electronic Arts, Gilead Sciences, Immunomedics, KeyCorp, Peloton Interactive, Shopify, Sunnova Energy, Take-Two Interactive, Walt Disney and many more.