- Goldman Sachs upgrades The Coca Cola Company KO from Neutral to Buy and lowered price target from $50 to $48; Sees all-in sales growth of 5 percent in 2018, helped by pricing and portfolio initiatives.
- KeyBanc initiates coverage on Dropbox Inc. DBX with Overweight rating and $40 price target; Sees potential 30 percent upside due to co.’s broad appeal, compelling conversion opportunity and high margins.
- Bank of America downgrades Acacia Communication Inc. ACIA from Buy to Neutral; Says U.S. Commerce Department’s seven-year sales ban to Chinese vendor ZTE presents risk considering Acacia’s 30 percent revenue exposure to ZTE.
- Bank of America raises price target on Netflix, Inc. NFLX from $300 to $347 following Q1 earnings; Says strong execution and favorable secular trends provide runway for continued growth.
- Morgan Stanley upgrades Twitter Inc TWTR from Underweight to Equal-Weight and raises price target from $28 to $29; Says constructive advertiser conversations, improving user growth, and positive revisions make a more compelling risk/reward but faster user growth and more ad innovation needed to reach $40 bull case.
- JPMorgan upgrades Dollar General Corp DG from Neutral to Overweight, raises price target from $104 to $116; Sees same-store sales tailwinds, “modest multi-year” gross margin expansion.
- Cantor Fitzgerald downgrades Celldex Therapeutics, Inc. CLDX from Overweight to Neutral, lowers price target from $9 to $3 following failure of METRIC study and discontinuation of metastatic melanoma exploration; Says other remaining programs are still early and shares will struggle until data comes out.
See Also:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in