Next Era Energy Partners L.P. (NYSE: NEP): BofA Securities boosted its Underperform rating to Neutral and its $53 target price to $60. The consensus target is $77.29, and Thursday’s close was at $61.39.
Okta Inc. (NASDAQ: OKTA): As J.P. Morgan downgraded the stock to Neutral from Overweight, its $95 price objective fell to $84. BMO Capital Markets cut its Outperform rating to Market Perform and reduced its $94 price target to $85. The consensus target is $94.44 for now. The shares closed on Thursday at $74.69, which was down 18% on the day despite posting solid results. Once again, the forecast was disappointing.
Phillips 66 (NYSE: PSX): TD Cowen’s upgrade was to Outperform from Market Perform. The analyst also lifted the $110 target price to $123, above the $120.86 consensus figure. The stock closed on Thursday at $93.06.
Target Corp. (NYSE: TGT): The Overweight rating at J.P. Morgan is now Neutral. The firm slashed its target price to $144 from $182. The consensus target is $178.59. The last closed at $131.16.
TFI International Inc. (NYSE: TFII): UBS’s upgrade to Buy from Neutral included a target price hike to $143 from $113. The consensus target is $129.85. Thursday’s close at $107.91 was up close to 3% for the day on the upgrade.
Toll Brothers Inc. (NYSE: TOL): Deutsche Bank started coverage with a Buy rating and a $94 price target. The consensus target is $75.83. Thursday’s closing share price was $68.70.
Veeva Systems Inc. (NASDAQ: VEEV): Guggenheim upgraded the stock to Buy from Neutral and has a target price of $226. The consensus target is $206.84. The stock closed 20% higher on Thursday at $198.13 on huge earnings for the quarter and a solid outlook for next year.
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Thursday’s top analyst upgrades and downgrades included America Movil, Avis Budget, Box, Chevron, Coty, Five9, Regeneron Pharmaceuticals, SeaWorld Entertainment, Twilio, Viking Therapeutics and Xylem.
Originally published at 24/7 Wall St.
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