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Top Analyst Upgrades and Downgrades from July 31, 2019

Advanced Micro Devices Inc. (NASDAQ: AMD) was up 1.1% at $33.87 ahead of earnings but was down 3.6% at $32.65 on Wednesday after giving some light guidance. Craig-Hallum downgraded the shares to Hold from Buy, but Wedbush Securities reiterated its Outperform rating and $39 target price. Morgan Stanley reiterated an Equal Weight rating and raised its target to $30 from $28.

Altria Group Inc. (NYSE: MO) was reiterated as Underweight and the price target was cut to $48 from $49 at Morgan Stanley.

Apple Inc. (NASDAQ: AAPL ) was down 0.4% at $208.78 ahead of earnings, but the post-earnings reaction had the stock indicated up about 4% at $217.54 on Wednesday morning. The ongoing positive is that there was a better than expected September guidance and China was better than had been feared. Monness Crespi & Hardt reiterated its Buy rating and raised its target to $265 from $245. Wedbush reiterated its Outperform rating with a $245 target. Canaccord Genuity reiterated its Buy rating and raised its target to $240 from $220. Deutsche Bank reiterated its Hold rating but raised its target to $210 from $205, and Citigroup reiterated its Buy rating and raised its Apple target to $250 from $205.

BP PLC (NYSE: BP ) was raised to Buy from Hold at Jefferies.

8X8 Inc. (NASDAQ: EGHT ) was downgraded to Sell from Neutral at B. Riley FBR. Morgan Stanley reiterated its Overweight rating and raised its target to $28 from $26.

Electronic Arts Inc. (NASDAQ: EA ) was raised to Outperform from Market Perform at Cowen.

Enphase Energy Inc. (NASDAQ: ENPH ) was up 2.1% at $21.65 on Tuesday ahead of earnings, but it was indicated up 16% at $25.20 on Wednesday after strong revenues. H.C. Wainwright raised its rating to Buy from Neutral.

FireEye Inc. (NASDAQ: FEYE ) was down 0.5% at $16.10 ahead of earnings, but the shares were last seen down 11.5% at $14.25 on Wednesday morning. Wedbush maintained its Neutral rating on FireEye and cut its target to $15 from $17, calling its quarter and guidance another dark chapter for the company and its investors alike.

Gilead Sciences Inc. (NASDAQ: GILD ) was reiterated as Strong Buy and the price target was raised to $86 from $83 at Raymond James.

IAA Inc. (NYSE: IAA ) was started with a Buy rating and assigned a $55 price target at Jefferies.

Mastercard Inc. (NYSE: MA ) was reiterated as Outperform and the target price was raised to $308 from $300 at Raymond James.

National Oilwell Varco Inc. (NYSE: NOV ) was reiterated as Outperform and the target price was raised to $34 from $32 at Raymond James. Seaport Global raised its rating to Neutral from Sell. Citigroup raised its rating to Buy from Neutral and lifted its target to $28 from $23.

NeoGenomics Inc. (NASDAQ: NEO ) was reiterated as Outperform and the target price was raised to $27 from $23 (versus a $23.90 prior close) at Raymond James.

Procter & Gamble Co. (NYSE: PG ) was reiterated as Overweight and its target price was raised to $129 from $120 at Morgan Stanley.

Ryder System Inc. (NYSE: R ) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

Service Corp. International (NYSE: SCI ) was reiterated as Outperform and the target price was raised to $54 from $50 at Raymond James.

T2 Biosystems Inc. (NASDAQ: TTOO ) was last seen down almost 37% at $0.91 after earnings showed disappointing sales around the commercial ramp-up of its Sepsis test missing estimates. H.C. Wainwright downgraded the stock to Neutral from Buy, and Janney also downgraded it to Neutral from Buy.

2U Inc. (NASDAQ: TWOU ) was up 5.5% at $36.50 on Tuesday ahead of earnings, but the stock was down about 34% at $23.85 after the report. Oppenheimer downgraded it to Perform from Outperform, and Macquarie downgraded it to Neutral from Outperform.

U.S. Bancorp (NYSE: USB ) was raised to Neutral from Underweight and the target price was raised to $57 from $52 at JPMorgan.

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