These are this Friday’s top analyst upgrades, downgrades and initiations.
Citrix Systems Inc. (NASDAQ: CTXS) was raised to Buy from Underperform with a price objective move to $82.00 (versus a $70.39 close) at Bank of America Merrill Lynch. Piper Jaffray also raised its rating to Neutral from Underweight and raised its target to $75 from $60. Here is how the Elliott activist group thinks Citrix shares can rise to $90 or $100.
Danaher Corp. (NYSE: DHR) was reiterated as Buy with a fair value estimate of $114.00 (versus a $85.93 close) at Janney Capital Markets. The firm sees big earnings upside and said that Danaher has a long runway ahead with 50% of its assets still in the early innings of operational improvements. Danaher’s consensus analyst target is $98.59, and we would point out that Janney’s target is the street’s highest.
Keurig Green Mountain Inc. (NASDAQ: GMCR) was downgraded to Neutral from Buy at UBS. While UBS often does not issue formal target prices, the consensus price target is $118.85 and shares closed at $84.30. Keurig was indicated down 1.5% at $83.00 in early trading on Friday, and the 52-week low comes into play at $82.42.
Host Hotels & Resorts Inc. (NYSE: HST) was started as Buy with a $25.00 price target (versus a $19.71 close) at Stifel. The firm said the value here is too cheap to ignore at a 35% discount to its replacement cost. Host’s consensus analyst price target is $22.63, and the highest analyst price target is $26.00.
Micron Technology Inc. (NASDAQ: MU) was maintained as Buy at Pacific Crest, but the firm lowered its target price to $32 from $39 despite saying that near-term softness should be baked into the stock at this point. The firm Drexel Hamilton reportedly downgraded Micron to a Sell rating on Thursday. Wedbush reiterated its Buy rating and $31 price target on Thursday as well.
AECOM (NYSE: ACM) was started as Overweight and was assigned a $40 price target (versus a $33.67 close) at JPMorgan. The consensus analyst price target is actually closer to $35.00, and the highest target is at $41.00.
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Other key analyst upgrades, downgrades and initiations were in shares of the following companies:
Actuant Corp. (NYSE: ATU) was raised to Outperform from Sector Perform with a price target of $29.00 (versus a $23.90 close) at RBC Capital Markets.
ARC Group Worldwide Inc. (NASDAQ: ARCW) was raised to Buy from Hold with a price target of $8.00 (versus a $5.83 close) at Canaccord Genuity. This maker of precision components, flanges, fittings and wireless equipment has a consensus price target of $10.80.
Benefitfocus Inc. (NASDAQ: BNFT) was raised to Outperform from Market Perform at William Blair.
Darden Restaurants Inc. (NYSE: DRI) was raised to Outperform from Neutral with a price target raised to $77 from $69 (versus a $67.05 close) at Credit Suisse.
Digital Realty Trust Inc. (NYSE: DLR) was raised to Buy from Hold with a price target of $77.00 (versus a $65.20 close) at Canaccord Genuity.
Jacobs Engineering Group (NYSE: JEC) was started at Neutral by JPMorgan.
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Masimo Corp. (NASDAQ: MASI) was raised to Strong Buy from Market Perform with a price target of $46.00 (versus a $36.71 close) at Raymond James.
Monster Beverage Corp. (NASDAQ: MNST) was raised to Buy from Neutral at UBS. Shares closed at $127.17, and the stock has a consensus price target of $149.07.
Quanta Services Inc. (NYSE: PWR) was started as Overweight with a price target of $35.00 (versus a $29.45 close) at JPMorgan.
Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) was started as Outperform with a price target of $18.00 (versus a $8.15 close) at Oppenheimer.
UDR Inc. (NYSE: UDR) was raised to Outperform from Market Perform with a price target of $35.50 (versus a $32.40 close) at Cowen.
Vical Inc. (NASDAQ: VICL) was started as Buy with a price target of $2.50 (versus a $1.47 close). This is after Roth Capital started it with a Buy rating and $4.65 price target just last week. Be advised that Vical has a checkered past.
Williams-Sonoma Inc. (NYSE: WSM) was raised to Outperform from Perform with a price target of $90.00 (versus a $79.23 close) at Oppenheimer.
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Credit Suisse now sees a 60% to 70% chance that the stock market will enter a bubble, but we are not there yet. Here is a condensed view on 11 ways to protect your portfolio against a summer stock market crash.
In case you missed Thursday’s top analyst upgrades and downgrades, they were in Chesapeake Energy, Rite Aid, Harley-Davidson, Toll Brothers, Transocean and over a dozen more companies.
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