Investing

Top Analyst Upgrades and Downgrades: Apple, CenterPoint, Chevron, CymaBay, Datadog, Home Depot, Novavax, Under Armour and More

Home Depot Inc. (NYSE: HD) was reiterated as Overweight and its price target was raised to $260 from $215 (versus $236.56 close) at Wells Fargo. Home Depot had a $225.92 prior consensus target price, and its 52-week trading range is $140.63 to $247.36.

Lowe’s Companies Inc. (NYSE: LOW) was reiterated as Overweight and its price target was raised to $130 from $110 (versus a $113.39 close) at Wells Fargo. It previously had a $116.56 consensus target price, and its 52-week range is $60.00 to $126.73.

Novavax Inc. (NASDAQ: NVAX) was last seen trading up 44% at $35.50 on Tuesday after receiving $384 million in funding for its COVID-19 study. B. Riley FBR reiterated it as Buy and raised its price target to $43 from $29. H.C. Wainwright reiterated its Buy rating and raised its price target to $50 from $33. Oppenheimer reiterated it as Outperform and raised its price target to $38 from $19.

1-800 Flowers.com Inc. (NASDAQ: FLWS) was named as the Bull of the Day at Zacks, which said that flowers, food and online gifts are a big hit during COVID-19. Shares most recently closed at $22.38, with a consensus price target of $21.21.

ON Semiconductor Corp. (NASDAQ: ON) was down 8.5% at $15.66 after the company’s earnings report showed real weakness in auto stocks. Raymond James downgraded it to Outperform from Strong Buy with an $18 price target.

PACCAR Inc. (NASDAQ: PCAR) was downgraded to Neutral from Overweight but its price target was raised to $73 from $66 at Piper Sandler. Shares closed at $68.83 ahead of the call, with a $72.11 prior consensus price target.

Stanley Black & Decker Inc. (NYSE: SWK) was downgraded to Neutral from Buy at BofA Securities. The stock closed down 3.2% at $113.58 ahead of the call, with a $140.93 prior consensus target price.

Quidel Corp. (NASDAQ: QDEL) was up over 31% at $208.95 on Monday after the FDA approved its quick test for the coronavirus. JPMorgan downgraded it Underweight from Neutral with a $158 price target after the big gain.

Under Armour Inc. (NYSE: UAA) was maintained as Strong Buy and the price target was cut to $12 from $25 (versus a $9.01 close) at Raymond James. It had a prior $12.00 consensus price target. KeyBanc Capital Markets maintained its Overweight rating but lowered its price target to $16 from $23.

Winnebago Industries Inc. (NYSE: WGO) was reiterated as Buy and the price target was raised to $60 from $45 (versus a $51.81 close) at SunTrust Robinson Humphrey, which noted that travel changes due to COVID-19 will help the company with an RV-bump.

Zimmer Biomet Holdings Inc. (NYSE: ZBH) was reiterated as Strong Buy and the price target was raised to $140 from $136 (versus a $117.99 close) at Raymond James. SVB Leerink reiterated its Outperform rating and raised its price target to $136 from $130. Wells Fargo reiterated its Overweight rating and raised its price target to $132 from $124.

Jefferies is out with its top growth stock picks for this week, and five look like very solid and timely ideas for more aggressive investors now.

Monday’s top analyst upgrades and downgrades included AbbVie, Best Buy, Conagra Brands, Dick’s Sporting Goods, General Motors, Hilton Worldwide, NetApp, Nvidia, Redfin, TJX Companies, Vale, Yelp and more.