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Top Analyst Upgrades and Downgrades: AEP, BigCommerce, Chewy, Datto, Disney, DraftKings, Exxon, McAfee, Nvidia, Square, Tilray and More
November 16, 2020 8:55 am
Last Updated: November 16, 2020 9:09 am
Hologic Inc. (NASDAQ: HOLX) was named as the Bull of the Day at Zacks, which said this leader in women’s health diagnostics is ramping high double-digit growth on COVID-19 testing. Shares most recently closed at $69.74 and have a consensus price target of $86.36.
McAfee Corp. (NASDAQ: MCAF) closed up almost 5% at $17.16 on Friday ahead of its quiet period expiration. Morgan Stanley started it as Overweight with a $25 target. Mizuho started it with a Buy rating and a $25 price target. RBC Capital Markets started it as Sector Perform with a $19 target price, while Goldman Sachs started it as Buy with a $26 price target and Piper Sandler started it as Outperform with a $22 price target.
Nvidia Corp. (NASDAQ: NVDA) was reiterated as Positive and its price target was raised to $610 from $560 at Susquehanna. Wedbush Securities reiterated its Outperform rating with a $600 price target. These calls are ahead of Wednesday’s earnings report, and the stock closed down 1.2% at $531.88 a share before these calls.
Signature Bank (NASDAQ: SBNY) was reiterated as Outperform and added to the Best Ideas List at Wedbush Securities. The firm sees the company as having consistently strong deposit and loan growth, as well as positive net interest income despite compression in net interest margin.
Square Inc. (NYSE: SQ) was reiterated as Overweight and its price target was raised to $250 from $215 at KeyBanc Capital Markets. The stock closed down 0.7% at $177.19 a share on Friday, and it has a $179.98 consensus target price.
Take-Two Interactive Software Inc. (NASDAQ: TTWO) was started with an Outperform rating at Evercore ISI.
Tapestry Inc. (NYSE: TPR) was raised to Overweight from Neutral at JPMorgan, which noted that it sees healthy earnings growth and a stock that is still undervalued.
Targa Resources Corp. (NYSE: TRGP) was raised to Outperform from Neutral with a $25 price target at Credit Suisse.
Tilray Inc. (NASDAQ: TLRY) was downgraded to Underperform from Hold at Jefferies.
Walt Disney Co. (NYSE: DIS) was named as the Zacks Bear of the Day stock. The firm said that analysts took down earnings estimates after the September quarter but remain bullish on innovation and creativity of the brand. The shares last closed at $138.36 apiece, and they have a consensus price target of $149.54.
Yamana Gold Inc. (NYSE: AUY) was raised to Outperform from Market Perform with a $9 price target (versus a $5.49 prior close) at BMO Capital Markets.
Truist Securities has made its top growth and cyclical semiconductor stock picks for the coming year.
Friday’s top analyst upgrades and downgrades included BigCommerce, Chewy, Cisco Systems, Costco Wholesale, Darden Restaurants, Delta Air Lines, Dow, Lyft, Palantir Technologies, Southwest Airlines and Walt Disney.
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