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Top Analyst Upgrades and Downgrades: AMD, Amgen, DexCom, eBay, FireEye, Kraft Heinz, 3M, Pfizer, Seagate, Sonos, Starbucks, T-Mobile and More
July 29, 2020 9:11 am
Last Updated: August 14, 2020 9:38 am
Kraft Heinz Co. (NASDAQ: KHC) was upgraded to Overweight from Neutral and its target was raised to $39 from $30 at Piper Sandler. Shares closed up 1.2% at $35.25 on Tuesday and were indicated up about 0.6% at $35.45 on Wednesday. Its consensus target price was $33.32.
National CineMedia Inc. (NASDAQ: NCMI) was downgraded to Neutral from Outperform at Wedbush.
NeoGenomics Inc. (NASDAQ: NEO) was reiterated as Buy and its price target was raised to $39 from $33 (versus a $35.80 close, after a 2.7% drop) at Needham.
Papa John’s International Inc. (NASDAQ: PZZA) was reiterated as Outperform and its price target was raised to $105 from $95 at Wedbush.
Pfizer Inc. (NYSE: PFE) was up 3.9% at $39.02 after earnings on Tuesday and Wednesday’s indication was up 1.1% at $39.42. SVB Leerink maintained Pfizer as Market Perform but raised its target to $42 from $39.
Quest Diagnostics Inc. (NYSE: DGX) was raised to Overweight from Sector Weight with a $144 price target (versus a $123.46 close) at KeyBanc Capital Markets.
Seagate Technology PLC (NASDAQ: STX) was down 2% at $48.57 ahead of earnings and was last seen down another 8% at $44.60 afterward. Benchmark downgraded it to Hold from Buy.
Sonos Inc. (NASDAQ: SONO) was downgraded to Market Perform from Strong Buy at Raymond James.
Starbucks Corp. (NASDAQ: SBUX) was down over 2% at $74.64 ahead of earnings, but the stock was last seen up over 5% at $78.50 because its metrics were better than expected, despite all of its numbers being down sharply. Barclays reiterated it as Overweight and raised its target price to $94 from $88. Wedbush maintained its Neutral rating but raised its target from $75 to $81.
Tanger Factory Outlet Centers Inc. (NYSE: SKT) was named as the Zacks Bear of the Day stock. The firm said that it is tough times for this shopping center real estate investment trust. Shares last closed at $6.87 and have a consensus price target of $5.89.
3M Co. (NYSE: MMM) closed down almost 5% at $155.33 on Tuesday after earnings. Barclays maintained it as Underweight but lowered its target price to $157 from $156. Morgan Stanley maintained its Equal Weight rating but raised its target to $166 from $160.
T-Mobile US Inc. (NASDAQ: TMUS) was started as Buy with a $140 target price (versus a $104.52 close) at Deutsche Bank. RBC Capital Markets lowered its rating to Sector Perform from Outperform.
Tractor Supply Co. (NASDAQ: TSCO) was named as the Bull of the Day at Zacks, which said that this rural retailer just had its best quarter in company history. Shares most recently closed at $143.07 and have a consensus price target of $154.18.
Tuesday’s top analyst upgrades and downgrades included Advanced Micro Devices, Beyond Meat, Bristol-Myers Squibb, Carvana, CRISPR Therapeutics, FirstEnergy, Peloton Interactive, Shopify, Tesla, Uber, Visa and more.
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