Top Analyst Upgrades and Downgrades: Ally, Apple, Blackstone, Boeing, CommScope, Facebook, Redfin, SolarEdge, Splunk, Union Pacific and More

Investing

June 25, 2020 9:01 am

Last Updated: June 25, 2020 9:10 am

Facebook Inc. (NASDAQ: FB) was reiterated as Outperform and its price target was raised to $300 from $240 (versus a $234.02 close, after a 3.4% drop) at Robert W. Baird. This target matches the street-high target price and is based on the comeback in the digital advertising market.

Kansas City Southern (NYSE: KSU) was reiterated as Buy and its price target was raised to $175 from $154 at Citigroup.

Marathon Oil Corp. (NYSE: MRO) was downgraded to Equal Weight from Overweight at Wells Fargo.

Norfolk Southern Corp. (NYSE: NSC) was reiterated as Buy and its price target was raised to $200 from $196 at Citigroup.

Ooma Inc. (NYSE: OOMA) was named as the Bull of the Day at Zacks, which said that this is a great chance to get in on the ground floor of a growing cloud niche before the market realizes its potential. Shares most recently closed at $13.90, with a consensus price target of $19.60.

Patterson Companies Inc. (NASDAQ: PDCO) was raised to Neutral from Sell and the price target was raised to $21 from $11 (versus a $20.03 close) at Goldman Sachs.

PetIQ Inc. (NASDAQ: PETQ) was reiterated as Buy and its price target was raised to $44 from $33 (versus a $33.96 close) at Guggenheim.

Pioneer Natural Resources Co. (NYSE: PXD) was raised to Buy from Hold and the price target was raised to $120 from $90 (versus a $92.16 close) at SunTrust.

Redfin Corp. (NASDAQ: RDFN) was reiterated as Buy and its price target was raised to $48 from $30 (versus a $38.08 close) at SunTrust.

SolarEdge Technologies Inc. (NASDAQ: SEDG) was downgraded to Sell from Neutral but its target was raised to $126 from $120 (versus a $148.48 close) at Goldman Sachs.

Splunk Inc. (NASDAQ: SPLK) was started with a Buy rating and a $222 price target at Berenberg.

Union Pacific Corp. (NYSE: UNP) was reiterated as Buy and its price target was raised to $195 from $167 at Citigroup.

Varonis Systems Inc. (NASDAQ: VRNS) was started with a Hold rating at Berenberg.

Vivint Solar Inc. (NYSE: VSLR) was downgraded to Neutral from Buy but its target price was raised to $10 from $9 (versus a $10.04 close) at Goldman Sachs.

Zedge Inc. (NYSE: ZDGE) was started as Buy with a $3 price target (versus a $1.23 close) at National Securities.

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Wednesday’s top analyst upgrades and downgrades included Amazon.com, Aurora Cannabis, Comcast, Dick’s Sporting Goods, Morgan Stanley, Nike, Nio, Plug Power, Snap, Walt Disney and more.

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