Investing
Top Analyst Upgrades and Downgrades: AGCO, Coca-Cola, Fannie Mae, FirstEnergy, JPMorgan, Macy's, Owens & Minor, PayPal, Snap, Square, Wells Fargo and More
July 22, 2020 9:15 am
Last Updated: July 22, 2020 9:32 am
Logitech International S.A. (NASDAQ: LOGI) was indicated up 3.9% at $73.17 on Wednesday after strong results and after its appearance on CNBC’s Mad Money. Citigroup reiterated its Buy rating and raised its target price to $81 from $73.
Macy’s Inc. (NYSE: M) was downgraded to Sell from Neutral and its price target was slashed to $3 from $6 (versus a $6.80 close) at UBS.
NGL Energy Partners L.P. (NYSE: NGL) was downgraded to Underweight from Equal Weight with a $4 price target at Wells Fargo. It previously closed up almost 14% at $4.90, with a $4.58 consensus target price.
ONEOK Inc. (NYSE: OKE) was downgraded to Equal Weight from Overweight with a $33 target price (versus a $29.98 close, after a 6% gain) at Wells Fargo.
Owens & Minor Inc. (NYSE: OMI) was up 81% at $14.40 after blowing away earnings expectations on Tuesday. It was indicated down over 4% at $13.75 early on Wednesday. Barclays maintained its Underweight rating but raised its target to $10 from $4.
PayPal Holdings Inc. (NASDAQ: PYPL) was reiterated as Overweight and its price target was raised to $210 from $199 at Barclays. The stock closed down 1.8% at $175.58, with a $177.60 consensus target price.
Phillips 66 Partners (NYSE: PSXP) was downgraded to Equal Weight from Overweight with a $34 target price (versus a $31.27 close, after a 6% gain) at Wells Fargo.
Snap Inc. (NYSE: SNAP) was down 2.1% at $24.74 ahead of earnings and was last seen trading down almost 7% at $23.08 after earnings. Guggenheim downgraded it to Neutral from Buy, although the firm raised its target to $22 from $18, despite lower monetization outside of the United States.
Square Inc. (NYSE: SQ) was reiterated as Overweight and its price target was raised to $145 from $115 at Barclays. Shares closed down 1% at $126.99, with a $96.47 consensus target price.
SunPower Corp. (NASDAQ: SPWR) was reiterated as Underweight but its price target was raised to $5.00 from $2.50 at Barclays. The shares were down over 5% at $9.79 on Tuesday and were indicated up about 2% at $10.05 on Wednesday.
Sunrun Inc. (NASDAQ: RUN) was reiterated as Overweight and its target price was raised to $50 from $23 at Barclays. The stock closed up 1.5% at $38.98 ahead of the call, with a $28.56 consensus target price.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) was named as the Bull of the Day at Zacks, which said that this company has an enormous amount of growth ahead of it. Shares most recently closed at $67.81 and have a consensus price target of $63.80.
Texas Instruments Inc. (NASDAQ: TXN) was trading up over 1% at $137.20 after beating earnings and revenue expectations. UBS reiterated its Neutral rating and raised its target price to $131 from $130, and Mizuho reiterated its Neutral rating and raised its target to $130 from $127. Barclays maintained its Underweight rating and raised its target to $125 from $120.
VBI Vaccines Inc. (NASDAQ: VBIV) was reiterated as Outperform and its target price was raised to $8 from $3 (versus a $5.39 close) at Raymond James. It had an $8.25 consensus target price, and its 52-week range was $0.47 to $6.93.
Waitr Holdings Inc. (NASDAQ: WTRH) was started as Buy with an $8 price target (versus a $4.42 close) at B. Riley FBR.
Wells Fargo & Co. (NYSE: WFC) was raised to Neutral from Underperform at Atlantic Equities. Wells Fargo closed up over 6% at $26.20 ahead of the call and was indicated down less than 0.5% at $26.10 on Wednesday. Its consensus target price was $29.80.
Tuesday’s top analyst upgrades and downgrades included Albertsons, Alphabet, Carnival, Coeur Mining, Devon Energy, Halliburton, Skyworks Solutions, Tesla, Walt Disney, Zendesk and more.
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