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Top Analyst Upgrades and Downgrades from July 30, 2019

AppFolio Inc. (NASDAQ: APPF) was downgraded to Underperform from Neutral at D.A. Davidson.

Cisco Systems Inc. (NASDAQ: CSCO) was maintained as Neutral at Nomura/Instinet, which raised the price target to $53 from $50. The firm noted that its confidence has risen regarding its refresh story and appreciates its efforts to reboot its webscale switching business, but the firm is concerned that the macro-picture is beyond Cisco’s control and the firm suspects that fiscal 2020 estimates do not allow for slowing spending.

Devon Energy Corp. (NYSE: DVN) was started with a Buy rating and assigned a $33 target price at SunTrust Robinson Humphrey. Shares closed at $25.52, in a 52-week range of $20.37 to $45.29. The consensus target price is $35.12.

Duke Energy Corp. (NYSE: DUK) saw its price target cut to $88 from $91 while its rating was maintained as Neutral at Citigroup. Shares closed up 1% at $87.79, in a 52-week range of $78.00 to $91.67. The consensus target price is $94.67.

Freshpet Inc. (NASDAQ: FRPT) was started with a Neutral rating and assigned a $45 target price at JPMorgan.

Goodyear Tire & Rubber Co. (NYSE: GT) saw its price target get cut to $14 from $16 though it was maintained as Neutral at Citigroup. Shares closed down 2.3% at $13.83, in a 52-week range of $12.56 to $25.41. The consensus target price is $17.66.

Harmonic Inc. (NASDAQ: HLIT) was reiterated as Outperform and its target price was raised to $9.00 from $6.75 at Raymond James.

HyreCar Inc. (NASDAQ: HYRE) was started as Buy and assigned an $8.25 price target at Ladenburg Thalmann, implying well over 100% upside from the prior $3.07 close for this microcap stock.

Illumina Inc. (NASDAQ: ILMN) was downgraded to Hold from Buy and the target price was cut to $300 from $330 at Canaccord Genuity

iPic Entertainment Inc. (NASDAQ: IPIC) was downgraded to Underperform from Market Perform at Telsey Advisory.

Kinder Morgan Inc. (NYSE: KMI) was downgraded to Market Perform from Outperform with a $22 target price at BMO Capital Markets. Shares closed at $20.89, in a 52-week range of $14.62 to $21.50. The consensus target price is $22.05.

Micron Technology Inc. (NASDAQ: MU) was raised to Equal Weight from Underweight at Morgan Stanley. Shares closed down 1.4% at $46.82, in a 52-week range of $28.39 to $54.22. The consensus target price is $47.32.

On Deck Capital Inc. (NYSE: ONDK) was raised to Buy from Neutral with a $4.25 target price at BTIG Research.

OneMain Holdings (NYSE: OMF) was raised to Outperform from Neutral and the price target was raised to $45 from $35 at Wedbush Securities.

Pfizer Inc. (NYSE: PFE) was downgraded to Equal Weight from Overweight at Morgan Stanley, and Merrill Lynch downgraded it to Neutral from Buy. Shares closed down 3.8% at $41.45, in a 52-week range of $38.14 to $46.47. The consensus target price is $45.45.

RumbleON Inc. (NASDAQ: RMBL) was started as Market Outperform and assigned a $10 target price at JMP Securities, implying more than 100% upside from the prior $4.20 close for this microcap stock.

SM Energy Co. (NYSE: SM) was started as Hold at SunTrust Robinson Humphrey.

Spirit Airlines Inc. (NYSE: SAVE) was maintained as Outperform but the target price was lowered to $64 from $78 at Imperial Capital.

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