Top Analyst Upgrades and Downgrades: AT&T, Cognex, Disney, J&J, Keurig Dr Pepper, PayPal, Roku, Shopify, Square, Valero and More
Keurig Dr Pepper Inc. (NYSE: KDP) was reiterated as Buy with a $30 price target (versus a $25.86 close) at SunTrust. This call comes after earnings, and shares were indicated up over 7% at $27.75, after a $25.86 prior close. The consensus price target was $28.50.
PayPal Inc. (NASDAQ: PYPL) was downgraded to Hold from Buy at DZ Bank. The stock closed up 0.3% at $120.53 ahead of the call, with a $124.64 prior consensus price target.
Phillips 66 (NYSE: PSX) was reiterated as Outperform and its price target was raised to $75 from $69 (versus a $63.49 prior close) at Raymond James.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was downgraded to Neutral from Buy but the price target was raised to $575 from $540 (versus a $547.52 close, after a 3.3% drop) at Citigroup.
Quest Diagnostics Inc. (NYSE: DGX) was raised to Overweight from Equal Weight and its price target was raised to $139 from $95 (versus a $116.02 close) at Morgan Stanley. It had a $104.85 consensus price target.
Roku Inc. (NASDAQ: ROKU) was downgraded to Neutral from Buy at Guggenheim. Shares closed up 3% at $128.63 ahead of the call, with a $126.90 consensus price target.
SBA Communications Corp. (NASDAQ: SBAC) was started as Outperform and a $365 price target (versus a $308.80 close) at Credit Suisse.
Shopify Inc. (NYSE: SHOP) was maintained as Neutral with a $550 price target (versus a $628.58 close) at Wedbush Securities, but the firm raises its gross merchandise value estimates as the company is winning from the new climate.
Square Inc. (NYSE: SQ) was downgraded to Sell from Neutral with a $50 price target at Compass Point.
Travelers Companies Inc. (NYSE: TRV) was maintained as Buy but the price target was lowered to $128 from $145 at Argus. Travelers closed up 2% at $102.89 on Monday, with a $114.07 consensus price target, and its shares are down from a 52-week high of $155.09.
Vail Resorts Inc. (NYSE: MTN) was reiterated as Buy and the price target was raised to $197 from $183 at Deutsche Bank. Shares closed up almost 11% at $170.78 on Monday, with a $200.09 consensus price target.
Valero Energy Corp. (NYSE: VLO) was reiterated as Outperform and its price target was raised to $64 from $60 (versus a $55.57 close) at Raymond James.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) was downgraded to Sector Perform from Outperform but its price target was raised to $260 from $250 at RBC Capital Markets. The stock closed down 0.5% at $268.51 ahead of the call, with a $269.77 consensus price target.
Walt Disney Co. (NYSE: DIS) was started with a Sector Perform rating and a $110 price target at RBC Capital Markets. Disney closed up 4.8% at $106.06 on Monday, with a $127.63 consensus price target.
Zendesk Inc. (NYSE: ZEN) was downgraded to In-Line from Outperform and the price target was cut to $76 from $86 (versus a $73.74 close) at Evercore ISI.
Monday’s top analyst upgrades and downgrades included Amazon.com, American Airlines, American Express, Beyond Meat, Caterpillar, Clorox, eBay, Gilead Sciences, Twitter, Verizon Communications, Wayfair and more.