Investing
Top Analyst Upgrades and Downgrades: AIG, Atlassian, Chubb, Deere, Hecla, ITT, Netflix, Roku, Splunk, Square, Tesla, Workday and More
April 14, 2020 8:53 am
Molina Healthcare Inc. (NYSE: MOH) was raised to Overweight from Equal Weight with a $188 price target (versus a $156.71 close) at Stephens.
National Oilwell Varco Inc. (NYSE: NOV) was raised to Outperform from Market Perform with a $17 price target (versus a $12.03 close) at Cowen.
Netflix Inc. (NASDAQ: NFLX) was reiterated as Outperform and its price target was raised to $447 from $438 at Imperial Capital. Netflix closed up 7% at $396.72 on Monday, with a $370.18 consensus price target.
New Relic Inc. (NYSE: NEWR) was maintained as Buy but the price target was cut to $75 from $85 (versus a $50.68 close) at SunTrust Robinson Humphrey.
Patterson-UTI Energy Inc. (NASDAQ: PTEN) was downgraded to Market Perform from Outperform at Cowen.
Pluristem Therapeutics Inc. (NASDAQ: PSTI) was reiterated as Buy with a $12 price target (versus a $7.91 close, after a 13.5% gain) at Dawson James, which noted that the FDA cleared its compassionate use using PLX cells to treat its first COVID-19 patient in the United States.
Republic Services Inc. (NYSE: RSG) was downgraded to Hold from Buy at Jefferies. Shares closed down 3.6% at $78.89 on Monday, with a $92.27 consensus price target.
Roku Inc. (NASDAQ: ROKU) was reiterated as Neutral with a $86 price target (versus a $96.56 close) at Wedbush Securities, and Oppenheimer reiterated its rating as Outperform and raised its price target to $120 from $110. The stock was indicated up 14% at $110.00, after preannouncing strong revenues and opportunities with more streaming and cord-cutting.
ServiceNow Inc. (NYSE: NOW) was maintained as Buy but the price target was cut to $350 from $380 (versus a $283.56 close) at SunTrust Robinson Humphrey.
Splunk Inc. (NASDAQ: SPLK) was maintained as Buy but the price target was cut to $180 from $190 (versus a $125.88 close) at SunTrust Robinson Humphrey.
Square Inc. (NYSE: SQ) was downgraded to Neutral from Buy at UBS. It closed up 0.3% at $59.42, with a $64.17 consensus price target ahead of the call.
Tesla Inc. (NASDAQ: TSLA) was raised to Neutral from Underperform and its price target was raised to $580 from $415 (versus a $650.95 close) at Credit Suisse.
WisdomTree Investments Inc. (NASDAQ: WETF) was raised to Neutral from Sell but its price target was lowered to $2.75 from $3.50 (versus a $2.63 close) at UBS.
Workday Inc. (NASDAQ: WDAY) was raised to Overweight from Equal Weight with a $170 price target (versus a $141.18 close) at Morgan Stanley.
24/7 Wall St. has identified 15 basic economy dividend stocks that almost all income-oriented investors will want to own after the COVID-19 recession passes.
RBC has five Outperform-rated biotech stocks with 100% implied upside.
Monday’s top analyst upgrades and downgrades included Alibaba, Apple, American Express, Brinker, Caterpillar, Chipotle Mexican Grill, Dell, Halliburton, Palo Alto Networks, Starbucks, Texas Instruments, Travelers and many more.
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