Fastenal Co. (NASDAQ: FAST) was downgraded to Equal Weight from Overweight at Wells Fargo.
FedEx Corp. (NYSE: FDX) was raised to Buy from Hold with a $280 price target at Berenberg.
FirstCash Inc. (NASDAQ: FCFS) was raised to Outperform from Neutral but its price target was cut to $74 from $86 (versus a $60.81 close) at Credit Suisse.
FirstEnergy Corp. (NYSE: FE) was raised to Outperform from Sector Perform and its target price was raised to $37 from $36 at RBC Capital Markets. The stock was up 3.1% at $29.14 on Wednesday, as utilities and defensives outperformed the darlings.
Illumina Inc. (NASDAQ: ILMN) was named as the Zacks Bear of the Day stock. The firm said that the coronavirus pandemic has dampened this medical stock’s earnings and outlook. Shares last closed at $364.53 and have a consensus price target of $347.86.
JPMorgan Chase & Co. (NYSE: JPM) was raised to Buy from Hold and its target price was raised to $115 from $105 at Deutsche Bank. Shares closed up 1.5% at $101.65 on Wednesday, and the consensus target price was $115.04 ahead of this call.
MongoDB Inc. (NASDAQ: MDB) was down 4.4% at $239.53 ahead of earnings and was indicated up 2.3% at $245.00 ahead of Thursday’s opening bell. Needham reiterated it as Buy and raised its price target to $290 from $260. Oppenheimer reiterated its Outperform rating and raised its target price to $275 from $240.
Smartsheet Inc. (NYSE: SMAR) was up 0.4% at $59.64 ahead of earnings but was last seen down 8% at $55.00 after the report. Oppenheimer reiterated it as Outperform and raised its price target to $65 from $56.
SVB Financial Group (NASDAQ: SIVB) was reiterated as Outperform and its price target was raised to $297 from $260 (versus a $259.21 close) at Raymond James.
Whiting Petroleum Corp. (NYSE: WLL) is now trading as the post-bankruptcy Whiting, with old shareholders having roughly one share per 75 shares previously owned, and it closed at $17.45 on Wednesday. KeyBanc Capital Markets reinstated it as Overweight with a $25 price target.
Workhorse Group Inc. (NASDAQ: WKHS) was started as Outperform with a $23 price target at Oppenheimer. Shares closed down almost 6% at $18.94 on Wednesday and were down less than 0.5% on Thursday morning.
The analysts at BofA Securities make some big changes to the firm’s High Quality & Dividend yield portfolio, and with almost every index hitting all-time highs, it may make sense to take some profits on high-flying stocks and move some capital to solid growth and income ideas.
Wednesday’s top analyst upgrades and downgrades included DraftKings, Lululemon Athletica, Nvidia, Peloton Interactive, Pinterest, Southwest Airlines and Zillow.
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