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Top Analyst Upgrades and Downgrades: Buffalo Wild Wings, Coca-Cola, DSW, Intuitive Surgical and More
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As earnings season continues to roll on, investors are keeping a close eye not only on the final results for the first quarter, but how those results are being interpreted. With a full slate of economic news on tap, as well as the Federal Reserve meeting, it is sure to be a busy week. Every day at 24/7 Wall Street we scan dozens of research reports looking for new ideas of stocks to buy and stocks to sell. Here are the top analyst upgrades, downgrades and initiations for Tuesday.
Buffalo Wild Wings Inc.’s (NASDAQ: BWLD) target price was raised to $180 from $165 at Wunderlich, as the company reported strong same-store sales. The rating remains at Buy, as the company blew away earnings and is up big in premarket trading.
Coca-Cola Co. (NYSE: KO) was initiated at Nomura with a Buy rating.
Coca-Cola Enterprises Inc. (NYSE: CCE) was downgraded to Reduce, which is a sell recommendation, from Neutral at Nomura. The firm lowers its price target to $41.00 from $44.50.
DSW Inc. (NYSE: DSW), the successful retailer of shoes and more, was upgraded to Buy from Neutral at Sterne Agee.
El Paso Electric Co. (NYSE: EE) was upgraded from Neutral to Buy at Jefferies. The firm raises its price target from $37.50 to $41.50.
Five9 Inc. (NASDAQ: FIVN), which held an early April IPO, was initiated at J.P. Morgan at Overweight with a huge $17 price target. Merrill Lynch started the stock at Buy with a more reasonable $10 target, as does Needham with a rating of Buy and an $11 target.
General Growth Properties Inc. (NYSE: GGP) sees its target raised to $26 from $24 at Oppenheimer, as the company beat first-quarter earnings estimates and raised guidance. The stock is rated Overweight.
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GrubHub Inc. (NASDAQ: GRUB) was started as a Buy at Citigroup, which put a $40 price target on the stock. This is another stock that made its debut in April.
Incyte Corp. (NASDAQ: INCY) was initiated with an Outperform rating at biotech boutique shop Leerink Partners with an Outperform rating.
Intuitive Surgical Inc. (NASDAQ: ISRG) was upgraded at Sterne Agee from Underperform to Neutral. The robotic surgical device company has seen some extreme volatility in its stock this year.
iRobot Corp. (NASDAQ: IRBT) was upgraded from Underweight to Neutral at J.P. Morgan.
Netsuite Inc. (NYSE: N) price target lowered at Northland Capital from $125 to $100. The firm reiterates its Outperform rating but see multiples contracting in the software-as-a-service space.
Norwegian Cruise Line Holdings Inc. (NASDAQ: NCLH) is initiated with a Buy rating at Berenberg with a $40 price target.
OPOWER Inc. (NASDAQ: OPWR) was initiated at Goldman Sachs with a Buy rating and a $40 price target. Morgan Stanley starts the stock at Equal Weight. This was another April IPO, and the stock has fluctuated dramatically since the debut.
Sonus Networks Inc. (NASDAQ: SONS) was initiated at William Blair with an Outperform rating.
Tyson Foods Inc. (NYSE: TSN) was downgraded to Market Perform from Outperform at BMO Capital Markets.
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