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Top Analyst Upgrades and Downgrades: AMD, Camping World, Endo, Nordstrom, NVIDIA, Snap, Starbucks, Zynga and Many More
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Stocks were looking to open marginally higher on Friday. Even the United Kingdom’s unexpected snap election results causing a stir has not wrecked the bullish attitudes. Neither has the notion that all-time highs have been seen in the Dow, S&P 500 and Nasdaq. This bull market is now over eight years old, and investors have shown for years now that they will buy every stock market sell-off. Those same investors are also looking for new investing and trading ideas.
24/7 Wall St. reviews dozens of analyst research reports each morning in an effort to find new investing and trading ideas for our readers. Some analyst reports cover stocks to buy. Other reports cover stocks to sell or to avoid.
The consensus analyst price target data are the mean of the Thomson Reuters sell-side research service. Additional color and commentary has been added on most of the daily analyst calls.
These were the top analyst upgrades, downgrades and other research calls from Friday, June 9, 2017.
Advanced Micro Devices Inc. (NASDAQ: AMD) was started with a Neutral rating at Longbow Research. Its shares were up 4.2% at $12.90 on Thursday and were indicated up almost 2% more at $13.10 on Friday. AMD’s 52-week trading range is $4.30 to $15.55, and it has a consensus analyst target price of $12.66.
Camping World Holdings Inc. (NYSE: CWH) was raised to Buy from Neutral with a $34 price target (versus a $28.00 prior closing price) at Goldman Sachs. Shares were indicated up 2% at $28.58 on Friday and have a consensus analyst target of $35.83. The trading range has been largely between $21 and $35 since its late 2016 IPO priced at $22 per share.
Endo International PLC (NASDAQ: ENDP) was up 11% at $13.78 on Thursday but was indicated down almost 13% at $12.01 after the FDA is pushing for Endo to take its Opana painkiller off the market due to drug abuse. After the FDA reviewed the post-marketing data, it noted that benefits of Opana ER no longer outweigh its risks. Endo downgraded to Hold from Buy at Stifel. Oppenheimer maintained its Perform rating as a wait-and-see story. Endo’s 52-week range is $9.70 to $24.93.
Nordstrom Inc. (NYSE: JWN) was up 10% at $44.63 on Thursday after word that the Nordstrom family is looking to take Nordstrom private, but it had an intraday high of $47.90. The stock was downgraded to Neutral from Buy at UBS, and it also was downgraded to Neutral from Buy at Guggenheim. Nordstrom has a 52-week range of $35.01 to $62.82 and a consensus target price of $47.35.
NVIDIA Corp. (NASDAQ: NVDA) was reiterated as Buy and the price target was raised to $175 from $140 (versus a $159.95 close) at Argus. The firm noted that its strategy for successfully monetizing its graphics processing know-how in multiple markets supports its fast-rising stock price. NVIDIA has a consensus analyst target of $125.59 and a 52-week range of $44.57 to $160.00.
Snap Inc. (NYSE: SNAP) was down 3.6% at $18.85 on Thursday as news of short sellers attacking it ahead of a July lock-up expiration. Its shares were indicated down another 2% at $18.50 on Friday, as Citigroup downgraded Snap to Neutral from Buy. The firm lowered its target price down to $20 from $24 as it sees the pace of growth to monetization not happening as fast as it previously expected.
Starbucks Corp. (NASDAQ: SBUX) was started as Buy with a $75 target price (versus a $62.24 close) at Mizuho. It has a consensus target price of $66.22 and a 52-week range of $50.84 to $64.87, and this call is after the coffee destination giant has fallen 3% in two days.
Zynga Inc. (NASDAQ: ZNGA) was raised to Overweight from Equal Weight with a $4.50 price target (versus a $3.59 close) at Morgan Stanley. Zynga has a 52-week range of $2.27 to $3.70, and it had a consensus analyst target price of $3.57.
Berkshire Hathaway Inc. (NYSE: BRK-A) has very limited analyst coverage itself, but the conglomerate under Warren Buffett has an overwhelming majority of its $160 billion-plus stock investments tied up in just a few companies. Now it looks like analysts are thinking most of Buffett’s top investments are overvalued or offer very limited upside.
You can follow @Jonogg on Twitter if you want analyst calls and research notes directly on your own feed.
Other top analyst calls were seen in the following:
Ally Financial Inc. (NYSE: ALLY) was started as Overweight and assigned a $25 price target (versus a $19.01 close) at Piper Jaffray.
Buffalo Wild Wings Inc. (NASDAQ: BWLD) was started as Neutral with a $150 target price (versus a $145.95 close) at Mizuho.
Cable ONE Inc. (NYSE: CABO) was started as Outperform with a $785 target price (versus a $723.11 close) at Raymond James.
Chipotle Mexican Grill Inc. (NYSE: CMG) was started with a Buy rating and assigned a $533 target price (versus a $459.69 close) at Mizuho.
Citigroup Inc. (NYSE: C) was raised to Neutral from Sell with a $64 price target (versus a $63.21 close) at UBS.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) was started as Neutral with a $56 price target (versus a $58.50 close) at Mizuho.
Hasbro Inc. (NASDAQ: HAS) was started as Buy with a $125 target price (versus a $108.40 close) at Jefferies. This is a new sector review in which Hasbro was named the top pick of the lot, as the content catalysts are aligned for multiyear upside.
Humana Inc. (NYSE: HUM) was raised to Buy from Hold with a $260 price target (versus a $230.26 close) at Argus.
Integrated Device Technology Inc. (NASDAQ: IDTI) was started with a Buy rating and assigned a $31 price target (versus a $25.87 close) at Longbow Research.
Jakks Pacific Inc. (NASDAQ: JAKK) was started as Hold with a $4.50 price target (versus a $4.10 close) at Jefferies.
Mattel Inc. (NASDAQ: MAT) was started with a Hold rating and a $22 target price (versus a $22.37 close) at Jefferies. The firm sees tension in Mattel’s model, an anticipated dividend cut, and a need for multiyear reinvestment to compete and grow, all implying that Mattel’s stock is already fairly valued.
MINDBODY Inc. (NASDAQ: MB) was started as Overweight with a $38 target price (versus a $28.00 close) at JPMorgan.
Patheon N.V. (NYSE: PTHN) was downgraded to Market Perform from Outperform at Leerink.
RPC Inc. (NYSE: RES) was reiterated as Buy with a $26 target price (versus a $19.37 close) at Jefferies, but the firm added RPC to its Franchise Picks list ahead of upcoming higher earnings revisions it expects.
Santander Consumer USA Holdings Inc. (NYSE: SC) was started as Neutral with a $13.50 target price (versus an $11.61 close) at Piper Jaffray.
Yum! Brands Inc. (NYSE: YUM) was started as Neutral with a $74 price target (versus a $73.97 close) at Mizuho.
24/7 Wall St. has tallied up earnings results, trading sentiment and analyst sentiment now that earnings season has come to an end. It turns out that among the large and well-known companies there were nine that destroyed their shareholders during earnings season.
Thursday’s top analyst calls included BHP Billiton, Carlyle, Freeport-McMoRan, Juno Therapeutics, Kite Pharma, Sempra Energy, Six Flags and over a dozen more.
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