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Top Analyst Upgrades and Downgrades: Alphabet, Citigroup, Facebook, Lennar, Netflix, NextEra, Nvidia, Nike, Pinterest, Roku, Snap and More
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The Dow Jones industrials and S&P 500 managed to close up on handily on Monday in a continued recovery, with coronavirus vaccine news and merger news driving the gains. Now that stocks have nearly returned to their highs, many investors feel like they missed the recovery from late in March through much of the summer, as the recession forced many people out of the market. Investors also have been looking for new ideas for how to be positioned in the second half of 2020 and ahead of the election.
24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid.
Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.
These are the top analyst upgrades, downgrades and initiations from Tuesday, September 15, 2020.
Alaska Air Group Inc. (NYSE: ALK) was started with a Buy rating and a $53 price target (versus a $41.51 prior close, after a 2.9% gain) at Seaport Global.
Alphabet Inc. (NASDAQ: GOOGL) was started with an Overweight rating and a $1,955 price target at KeyBanc Capital Markets.
ANGI Homeservices Inc. (NASDAQ: ANGI) was started with an Overweight rating at KeyBanc Capital Markets.
Brunswick Corp. (NYSE: BC) was started with a Neutral rating and a $70 price target at Citigroup.
Carrier Global Corp. (NYSE: CARR) was started as Overweight with a $38 price target at KeyBanc Capital Markets.
Casey’s General Stores Inc. (NASDAQ: CASY) was named as the Bull of the Day at Zacks, which said that profits are rising at this heartland operator of gas stations and upscale convenience stores. Shares most recently closed at $176.26 and have a consensus price target of $193.20.
Citigroup Inc. (NYSE: C) was reiterated as Overweight at Morgan Stanley, but the firm did trim its target price to $58 from $61. Citigroup shares closed down over 5% at $48.15 on Monday, with a $69.21 consensus target price.
CyberArk Software Ltd. (NASDAQ: CYBR) was raised to Overweight with a $130 target price (versus a $98.02 close) at Barclays.
Delta Air Lines Inc. (NYSE: DAL) was started with a Buy rating and a $43 target price (versus a $32.82 close) at Seaport Global.
Facebook Inc. (NASDAQ: FB) was started with an Overweight rating at KeyBanc Capital Markets.
Kymera Therapeutics Inc. (NASDAQ: KYMR) closed up 5.1% at $32.78 on Monday, and it has a post-IPO range of $25.43 to $37.74. Morgan Stanley started it as Equal Weight, BofA Securities started it as Neutral and Cowen started it as Outperform.
Match Group Inc. (NASDAQ: IAC) was started with an Overweight rating at KeyBanc Capital Markets.
Netflix Inc. (NASDAQ: NFLX) was started with an Overweight rating at KeyBanc Capital Markets.
NextEra Energy Inc. (NYSE: NEE) was raised to Overweight from Equal Weight at Wells Fargo. Shares closed up 1.3% at $281.92 on Monday, with a $287.69 consensus target price.
Nike Inc. (NYSE: NKE) was reiterated as Buy and its price target was raised to $140 from $117 at BTIG. Shares closed up 1% at $119.28 on Monday, with a $116.30 consensus target price.
Nvidia Corp. (NASDAQ: NVDA) closed up almost 65 at $514.89 on Monday, after it announced it was paying $40 billion to acquire ARM. Needham reiterated its Buy rating and raised its Nvidia target price to $700 from $600.
Pinterest Inc. (NYSE: PINS) was started with an Overweight rating and a $44 price target at KeyBanc Capital Markets.
Polaris Inc. (NYSE: PII) was started with a Buy rating and a $120 target price (versus a $93.89 close) at Citigroup.
Roku Inc. (NASDAQ: ROKU) was started with an Overweight rating and a $228 price target at KeyBanc Capital Markets.
Seattle Genetics Inc. (NASDAQ: SGEN) closed up 14.5% at $171.79 on Monday after Merck took a $1 billion stake and announced collaborations with the company. SVB Leerink reiterated it as Outperform and raised its target price to $185 from $173. Morgan Stanley maintained its Equal Weight rating but still raised its target from $160 to $167. RBC Capital Markets reiterated its Outperform rating and raised its target to $191 from $175.
Snap Inc. (NYSE: SNAP) was started with an Overweight rating and a $29 price target at KeyBanc Capital Markets.
Tupperware Brands Corp. (NYSE: TUP) was started with a Buy rating and a $30 price target (versus a $23.88 close) at D.A. Davidson.
Trade Desk Inc. (NASDAQ: TTD) was started with an Overweight rating and a $580 price target at KeyBanc Capital Markets. It had a $477.59 consensus target price, and shares closed at $427.51 ahead of this call.
Here is how the Dow can reach 30,000 and even higher before year’s end, (Hint: it’s less crazy than it sounds!)
Monday’s top analyst upgrades and downgrades included Adobe, BP, FedEx, GameStop, Gilead Sciences, Kroger, MGM Resorts, Micron Technology, Nvidia and Tradeweb Markets.
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