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Investor Alert

Feb. 3, 2020, 9:10 a.m. EST

Top Analyst Upgrades and Downgrades: Aimmune, Amgen, Biogen, Chevron, CRISPR, Exxon, Nike, Snap, Uber, Ulta, Verizon and More

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By 24/7 Wall St.

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Monster Beverage Corp. (NASDAQ: MNST) was raised to Overweight from Equal Weight and its target price was raised to $78 from $70 (versus a $66.60 close) at Morgan Stanley. Monster Beverage was indicated up 1.8% at $67.80 and its prior consensus target price was $68.85.

Nektar Therapeutics (NASDAQ: NKTR) was raised to Buy from Neutral and its target price was raised to $35 from $21 (versus $19.89 close) at Mizuho. Nektar's consensus target price had been $33.15, and its 52-week trading range is $15.64 to $47.11.

New Relic Inc. (NYSE: NEWR) was raised to Strong Buy from Market Perform with an $83 target price (versus a $66.01 close) at Raymond James, New Relic has a 52-week range of $50.00 to $109.00, and its prior consensus target price was $78.71.

Nike Inc. (NYSE: NKE) was raised to Buy from Neutral and the target price was raised to $136 from $103 (versus a $96.30 close, after a 1.9% drop) at UBS. Nike was indicated up 2% at $98.30 on Monday.

Northrop Grumman Corp. (NYSE: NOC) was downgraded to Sell from Buy at Goldman Sachs. Shares closed at $374.57, with a 52-week range of $263.29 to $385.01. The consensus price target is $423.72.

Snap Inc. (NYSE: SNAP) was reiterated as Outperform and its target price was raised to $25 from $22 at Credit Suisse. It closed at $18.38, with a 52-week range of $6.70 to $19.75. The consensus price target is $19.18.

Uber Technologies Inc. (NYSE: UBER) was reiterated as Outperform at Wedbush Securities, but the firm added it to the prized Best Ideas List and raised its target price to $50 from $45. Uber's growth dynamics, pricing rationalization in ride-sharing and Uber Eats are said to offer growth that can it get back to its IPO price and then some out into 2021. Uber closed at $36.29, with a 52-week range of $25.58 to $47.08. The consensus price target is $44.83.

Ulta Beauty Inc. (NASDAQ: ULTA) was raised to Buy from Neutral and its target price was raised to $307 from $285 at Goldman Sachs. The stock closed at $267.91, in a 52-week range of $222.00 to $368.83. The consensus price target is $283.43.

Verizon Communications Inc. (NYSE: VZ) was downgraded to Neutral from Outperform with a $65 target price at Credit Suisse. Verizon closed at $59.44, with a 52-week range of $53.02 to $62.22. The consensus price target is $61.71.

ViacomCBS Inc. (NASDAQ: VIAC) was downgraded to Neutral from Outperform and its target price was lowered to $37 from $52 at Credit Suisse. Shares closed at $34.13, with a 52-week range of $33.49 to $53.71. The consensus analyst price target is $45.88.

Friday's top analyst upgrades and downgrades included Amazon.com, Amgen, Coca-Cola, Danaher, Electronic Arts, IBM, Proofpoint, Sprint, UPS, Uber, Vertex Pharmaceuticals, Visa and many more.

This blog is reprinted by permission from 24/7 Wall St, © 2007 24/7 Wall St., LLC All rights reserved.

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