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Apple, Home Depot, Roku - Latest Upgrades and Downgrades

The weekly guide to upgrades, downgrades and price target changes includes upgrades to Tesla and Marriott.

Analysts turned their attention to a variety of companies this week, including Marriott International  (MAR) - Get Marriott International, Inc. (MAR) Report, Tesla  (TSLA) - Get Tesla Inc Report and Apple undefined.


Marriott International and Hilton Worldwide  (HLT) - Get Hilton Worldwide Holdings Inc (HLT) Report were upgraded to buy from hold by Jefferies analyst David Katz.

Tesla was upgraded to equal-weight from underweight by Morgan Stanley analyst Adam Jones, who also raised his share price target by $310 to $1,060 a share.

Price Target Changes

Apple  (AAPL) - Get Apple Inc. (AAPL) Report received a pair of price target increases: Wedbush Securities' Dan Ives, who raised his price target to $515 a share, up $35 from his prior estimate; and Deutsche Bank analyst Jeriel Ong raised his price target by $40 to $480 a share, calling it "one of the highest quality stocks in our coverage."

Home Depot  (HD) - Get Home Depot, Inc. (HD) Report and and Lowe's (LOW) - Get Lowe's Companies, Inc. (LOW) Report had their share price targets raised by analysts at Wells Fargo an Morgan Stanley.

Wells Fargo analyst Zachary Fadem raised his price target on Home Depot to $300 from $295, while keeping an overweight rating on the shares. Fadem also raised his price target on Lowe's to $180 from $165 and kept an overweight rating on the shares. 

TheStreet Recommends

Morgan Stanley analyst Simeon Gutman raised his price target on Home Depot to $285 from $260, while keeping an overweight rating on the shares. Gutman also raised his price target on Lowe’s to $160 from $150 with an overweight rating.

Inovio Pharmaceuticals  (INO) - Get Inovio Pharmaceuticals, Inc. Report had its price target cut by analysts at Stifel by a third following its wider-than-expected second quarter loss. Analysts at the firm cut Inovio's price target to $16 a share from $24.

Aspen Technology  (AZPN) - Get Aspen Technology, Inc. Report had its share price target raised to $137 from $120 by KeyBanc analyst Jason Celino, who maintained his overweight rating.

Initiation of Coverage

Deutsche Bank analyst Jeffrey Rand initiated coverage of streaming content provider Roku  (ROKU) - Get Roku, Inc. Class A Report with a buy rating and a one-year price target of $185.

Penn National Gaming  (PENN) - Get Penn National Gaming, Inc. Report had coverage initiated with a buy rating and a $60-share-price-target by Goldman Sachs analyst Stephen Grambling.

Target  (TGT) - Get Target Corporation Report shares were added to JPMorgan's Focus List with a $154 price target.