Friday Afternoon Analyst Upgrades and Downgrades: Microsoft, Petco Health, Phillips 66 and More
24/7 Wall St. looks at some big analyst upgrades and downgrades that we have seen so far on Friday, including LendingClub, Microsoft, Petco Health and Phillips 66.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
With the trading day more than halfway over, the broad markets made a big push higher to close out the week after a series of down days. Earlier this week, stocks were plagued with bad economic numbers and geopolitical concerns, but these concerns seem to have abated. However, it does look like the S&P 500 will be posting its first weekly decline in three weeks.
24/7 Wall St. is reviewing some big analyst calls seen on Friday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Friday that included Duke Energy, Macy’s Nvidia, Shopify, Workday and more.
Baozun Inc. (NASDAQ: BZUN): Daiwa Securities downgraded the stock to a Neutral rating from Buy and cut the price target to $20 from $42. Shares traded near $19 on Friday, in a 52-week range of $18.86 to $57.00.
[nativounit]
BP Midstream Partners L.P. (NYSE: BPMP): Mizuho downgraded it to Neutral from Buy and cut the price target to $13.50 from $16. The stock traded near $13 on Friday, in a 52-week range of $9.30 to $15.77.
LendingClub Corp. (NYSE: LC): Maxim Group upgraded to a Buy rating from Hold with a $35 price target. The stock was changing hands near $29 a share on Friday, in a 52-week range of $4.32 to $29.72.
Microsoft Corp. (NASDAQ: MSFT | MSFT Price Prediction): Mizuho reiterated a Buy rating and raised the price target to $350 from $325. The stock traded near $304 on Friday, in a 52-week range of $196.25 to $305.84.
Phillips 66 (NYSE: PSX): Cowen’s downgrade to Market Perform came with a price target cut to $73 from $80. The stock was changing hands near $66 a share on Friday, in a 52-week range of $43.27 to $94.34.
Petco Health and Wellness Co. Inc. (NASDAQ: WOOF): Credit Suisse raised its Neutral rating to Outperform and has a $28 price target. The shares were trading near $21 on Friday, and the consensus price target is $27.89.
[recirclink id=938367]
The top companies in the legalized sports betting world are getting ready for a huge football season, and smart growth stock investors may want to grab some of the top stocks now. Top Wall Street analysts are very positive on these five hot gaming stocks.
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
