Intel Corp. (NASDAQ: INTC) was reiterated as Buy and the target price was raised to $70 from $65 at Merrill Lynch. Intel closed down 0.8% at $58.05 on Friday, with a $56.53 consensus target price.
International Paper Co. (NYSE: IP) was started as Outperform with a $53 target price at BNP Paribas. Shares closed down 0.2% at $46.34 on Friday, with a consensus target price of $46.73.
Jazz Pharmaceuticals PLC (NASDAQ: JAZZ) was reiterated as Overweight and the target price was raised to $200 from $182 (versus a $151.12 close) at Barclays,
Nike Inc. (NYSE: NKE) was reiterated as Overweight and its target price was raised to $118 from $108 (versus a $93.49 close) at Morgan Stanley. Nike had a consensus target price of $102.07 ahead of this call.
Kroger Co. (NYSE: KR) was reiterated as Outperform and the target price was raised to $31 from $29 at Wells Fargo. Shares closed up 0.4% at $27.34 on Friday, and the consensus target price is $27.52.
Peloton Interactive Inc. (NASDAQ: PTON) was reiterated as Overweight and its target price was raised to $45 from $32 (versus a $35.23 close) at KeyBanc Capital Markets. Shares closed up almost 10% last Friday, and the consensus target price was $31.79.
Public Storage (NYSE: PSA) was maintained as Buy but the target price was lowered to $260 from $290 (versus a $210.68 close) at Argus. Its consensus target price is $237.08, and its 52-week range is $193.89 to $266.78.
Qualys Inc. (NASDAQ: QLYS) was named as the Bull of the Day at Zacks, which said that this cloud security stock is seeing major growth. Shares most recently closed at $87.51, with a consensus price target of $93.95.
Roku Inc. (NASDAQ: ROKU) was downgraded to Underweight from Equal Weight with a $110 target price (versus a $160.37 close) at Morgan Stanley. It was indicated down over 7% at $148.00 on Monday, and its prior consensus analyst target was $141.04.
Splunk Inc. (NASDAQ: SPLK) was raised to Buy from Neutral and the target price was raised to $180 from $147 (versus a $149.22 prior close) at Goldman Sachs.
UnitedHealth Group Inc. (NYSE: UNH) was reiterated as Overweight and the target price was raised to $305 from $260 at Barclays. The stock closed down 0.3% at $279.87 on Friday, and its consensus target price was $291.44 at the time.
Wells Fargo & Co. (NYSE: WFC) was downgraded to Underperform from Market Perform at Raymond James. The firm sees weak earnings, a fourth year of revenue decline, weak loan growth, lower income growth prospects, trouble recruiting new talent and pressure to remain on its net interest margin. Wells Fargo closed up 0.2% at $54.46 on Friday and was indicated down 0.1% at $54.40 on Monday. It has a $50.96 consensus target price.
Here are eight well-known stocks for which multiple analysts have issued Buy and Outperform ratings and higher target prices after strong earnings reactions.
In case you were out already, here are last Wednesday's top analyst calls, including Alibaba, Analog Devices, Autodesk, Best Buy, Charles Schwab, Dell Technologies, Dollar Tree, HP, Occidental Petroleum and Under Armour. Tuesday’s top analyst upgrades and downgrades included Agilent, Ambarella, Barclays, Bluebird Bio, Chipotle Mexican Grill, Honeywell, McDonald’s Nutanix, Nvidia, PagSeguro and many more.