Top Analyst Upgrades and Downgrades: Agilent, Aurora Cannabis, Best Buy, Box, Marvell, Nvidia, Palo Alto, Roku, Splunk, TJX and More
Harpoon Therapeutics Inc. (NASDAQ: HARP) was started with an Overweight rating and a $35 price target (versus a $21.11 close) at Piper Sandler. It had a $26.50 prior consensus price target, and its 52-week high is $25.00.
Hewlett Packard Enterprise Co. (NYSE: HPE) was downgraded to Market Perform from Outperform at Raymond James. Its shares were indicated down almost 7% at $9.64 on Friday after posting an $800 million loss and announcing more job cuts amidst the coronavirus economy.
Marvell Technology Group Ltd. (NASDAQ: MRVL) was reiterated as Buy and its price target was raised to $34 from $31 (versus a $29.10 close) at B. Riley FBR. It had a $28.83 consensus price target.
Nvidia Corp. (NASDAQ: NVDA) was down 2.1% at $351.01 ahead of earnings and was indicated up 1% at $354.85 after earnings beat expectations. SunTrust Robinson Humphrey reiterated it as Buy and raised its price target to $384 from $327. Wedbush reiterated its Outperform rating but raised its price target to $420 from $340, and Wells Fargo reiterated its Overweight rating and raised its target price to $430 from $360. Needham reiterated its Buy rating and raised its target to $400 from $360. Other target hikes have been seen from Oppenheimer, Instinet, Rosenblatt, Raymond James and more.
National Health Investors Inc. (NYSE: NHI) was downgraded to Neutral from Buy at Mizuho.
ONEOK Inc. (NYSE: OKE) was downgraded to Neutral from Overweight at JPMorgan.
Palo Alto Networks Inc. (NYSE: PANW) was down 2% at $229.26 ahead of earnings but was then indicated up 7% at $245.50 after beating earnings expectations. Its consensus price target ahead of earnings was $212.77. Barclays reiterated it as Overweight and raised its price target to $280 from $236.
Paylocity Holding Corp. (NASDAQ: PCTY) was started with a Neutral rating at Piper Sandler.
Protagonist Therapeutics Inc. (NASDAQ: PTGX) was reiterated as Outperform and its price target was raised to $30 from $17 at SVB Leerink. Shares closed up 4% at $16.00 ahead of the call, with a $20.60 consensus price target and a $17.33 52-week high.
Roku Inc. (NASDAQ: ROKU) was downgraded to Equal Weight from Overweight and its price target was lowered to $105 from $155 at Stephens.
Splunk Inc. (NASDAQ: SPLK) was reiterated as Buy and its price target was raised to $190 from $160 (versus a $163.45 close) at Stifel. Shares were indicated up over 6% at $174.00 on Friday. Needham reiterated it as Buy and raised its price target to $192 from $168.
TJX Companies Inc. (NYSE: TJX) was reiterated as Overweight and its price target was raised to $64 from $60 at Barclays. The stock was up almost 7% at $54.30 on Thursday, and its consensus price target was $59.96.
BofA Securities has five stocks trading under $10 in which it sees huge upside.
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Thursday’s top analyst upgrades and downgrades included Aerojet Rocketdyne, Avis Budget, Carnival, Chipotle Mexican Grill, Expedia, Home Depot, Lowe’s, MGM Resorts, Stratasys, Square, Walmart and more.