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Top Analyst Upgrades and Downgrades: AbbVie, AEP, AB InBev, Arconic, Baidu, Best Buy, Co-Diagnostics, Cree, Exelon, Home Depot, NRG, T-Mobile, Walmart and More
May 20, 2020 9:09 am
Last Updated: May 20, 2020 9:29 am
Cosan Ltd. (NYSE: CZZ) was downgraded to Neutral from Buy at Goldman Sachs.
Cree Inc. (NASDAQ: CREE) was raised to Neutral from Underweight and its price target was raised to $60 from $40 (versus a $49.65 close) at JPMorgan.
CrowdStrike Holdings Inc. (NASDAQ: CRWD) was reiterated as Buy and its price target was raised to $95 from $80 (versus a $78.55 close) at SunTrust Robinson Humphrey.
Delek US Holdings Inc. (NYSE: DK) was raised to Neutral from Sell and the price target was raised to $22 from $21 (versus a $20.29 close) at Goldman Sachs.
DTE Energy Co. (NYSE: DTE) was started with a Buy rating and a $121 price target (versus a $102.86 close) at Seaport Global.
Entergy Corp. (NYSE: ETR) was started with a Buy rating and a $108 price target (versus a $96.56 close) at Seaport Global.
Everbridge Inc. (NASDAQ: EVBG) was reiterated as Buy and its price target was raised to $175 from $135 (versus a $152.19 close) at Needham.
Eversource Energy (NYSE: ES) was started with a Buy rating and an $88 price target (versus a $78.23 close) at Seaport Global.
Exelon Corp. (NYSE: EXC) was started with a Buy rating and a $40 price target (versus a $36.71 close) at Seaport Global.
Green Plains Inc. (NASDAQ: GPRE) was raised to Buy from Hold and its price target was raised to $16 from $7 (versus a $6.99 close, after a 4.9% drop) at Jefferies. It had a $12.50 consensus price target, and its shares were indicated up 14% at $7.95 on Wednesday.
Home Depot Inc. (NYSE: HD) closed down almost 3% at $238.10 after earnings on Tuesday. Nomura/Instinet reiterated it as Buy and raised its price target to $252 from $240. Raymond James reiterated its Outperform rating and raised its target to $250 from $245.
IAC/InterActiveCorp (NASDAQ: IAC) was named as the Zacks Bear of the Day stock. The firm said that this already high-priced stock has become even more expensive after a huge recovery rally. Shares last closed at $259.13, with a consensus price target of $272.39.
MyoKardia Inc. (NASDAQ: MYOK) was reiterated as Outperform and its target price was raised to $188 from $95 (versus a $106.03 close) at Cantor Fitzgerald.
NRG Energy Inc. (NYSE: NRG) was started with a Buy rating and a $42.50 price target (versus a $35.35 close) at Seaport Global.
Pinduoduo Inc. (NASDAQ: PDD) was downgraded to Neutral from Buy at BofA Securities.
Southern Co. (NYSE: SO) was started with a Buy rating and a $60 price target (versus a $53.57 close) at Seaport Global.
Sunnova Energy International Inc. (NYSE: NOVA) was downgraded to Neutral from Buy at BofA Securities.
TD Ameritrade Holding Corp. (NASDAQ: AMTD) was downgraded to Neutral from Buy at Compass Point.
Texas Roadhouse Inc. (NASDAQ: TXRH) was reiterated as Strong Buy and the price target was raised to $56 from $52 at Raymond James.
T-Mobile US Inc. (NASDAQ: TMUS) was reiterated as Overweight and its price target was raised to $126 from $104 (versus a $98.60 close) at KeyBanc Capital Markets. It had a $101.05 consensus price target.
Walmart Inc. (NYSE: WMT) was down 2.1% at $124.95 after earnings. Nomura/Instinet reiterated Walmart as Buy and raised the price target to $139 from $131. Raymond James reiterated its Outperform rating and raised the price target to $135 from $130.
24/7 Wall St.Tuesday’s top analyst upgrades and downgrades included Beyond Meat, BioNTech, Comcast, DraftKings, Expedia, Gap, Gilead Sciences, Hess, Lululemon Athletica, Newmont and Royal Gold.
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