Kroger Co. (NYSE: KR) was downgraded at Morgan Stanley from Equal Weight to Underweight with a $28 price target. The higher consensus target is $35.05. The shares closed at $33.62 on Tuesday.
Lumentum Holdings Inc. (NASDAQ: LITE) was raised to Buy from Neutral at Goldman Sachs, which also boosted the price target to $117. The consensus target is $109.56, and the shares were last seen Tuesday at $94.60, down over 11% on the day. The stock rebounded in premarket trading Wednesday morning.
Netflix Inc. (NASDAQ: NFLX) saw its target price raised to a Wall Street high of $750 from $660 at Pivotal Research Group. The analysts cited the better than expected fourth-quarter subscriber and financial results, conservative first subscriber guidance and a better than expected first-quarter financial forecast. UBS raised the shares to Buy from Neutral with a $650 target, while Wells Fargo moves the stock to an Overweight rating with a $700 target. The consensus price target for the streaming behemoth is $554.02. The stock closed Tuesday at $501.77, and shares were up almost 14% in premarket action.
NuStar Energy L.P. (NYSE: NS) was upgraded at JPMorgan to Neutral from Underweight, and the price target was raised to $17. The posted consensus target is $16.60. The final trade on Tuesday was reported at $15.89.
Penn National Gaming Inc. (NYSE: PENN) was started with an Outperform rating and a $128 price target at Credit Suisse. The consensus target for the gaming leader is a much lower $87.53. The stock was last seen trading at $100.42 on Tuesday.
Pioneer Natural Resources Co. (NYSE: PXD) was resumed in coverage at Goldman Sachs with a Buy rating and a $166 price objective. That compares with a consensus target of $144.89 and the close on Tuesday at $132.04.
Polaris Industries Inc. (NYSE: PII) was raised to Outperform from Market Perform at BMO Capital Markets. The analyst also lifted the price objective on the shares to $136, which is well above the $117.29 consensus target. The stock closed trading on Tuesday at $113.21 a share.
ShockWave Medical Inc. (NASDAQ: SWAV) was downgraded to Neutral from Overweight at Piper Sandler, but the analyst raised the price target to $132. The consensus target is lower at $105, and the stock closed trading on Tuesday at $142.05, up almost 4% on the day.
Zscaler Inc. (NYSE: ZS) was started with a Market Outperform rating and a $225 price target at JMP Securities. The consensus target is $211.52, and Tuesday’s final trade was recorded at $212.
Four top semiconductor capital equipment companies are executing well and still look to have very solid upside to the BofA Securities price targets.
Tuesday morning’s top analyst upgrades and downgrades included Airbnb, American Express, Arch Capital, Carlyle, Darden Restaurants, Facebook, Eli Lilly and Nio. Analyst calls made later in the day included McDonald’s, Qualcomm, Starbucks, Tesla and more.