It also raised its price target to $210 from $187, suggesting shares could rise more than 17% from Tuesday's close.
He maintained his $2,400 price target, which implies 16.2% upside potential from Tuesday's close.
Bank of America's Lorraine Hutchinson reiterated her buy rating while trimming her price target to $100 from $104.
Deutsche Bank analyst Krisztina Katai also maintained her buy rating and inched down her price target by $3 to $92.
He also lowered his price target on shares to $40 from $42, implying upside of just 5.2% over the next 12 months.
Persons:
Baird, Davidson, Raymond James, Pavel Molchanov, Molchanov, — Hakyung Kim, FANG, Betty Jiang, Jiang, Diamondback, John Pancari, Pancari, Marcelo Santos, Santos, LatAm, Santo, Elliott Hill, Bank of America's Lorraine Hutchinson, Hutchinson, Krisztina Katai, Katai, Matthew Boss, Boss, Baird downgrades Harley, Craig Kennison, Harley, Kennison, Fred Imbert
Organizations:
CNBC, GE, General Electric, Barclays, Diamondback, Diamondback Energy, Endeavor, Endeavor Energy Resources, Management, T, T Bank, Federal Reserve, ISI, EA, JPMorgan downgrades, JPMorgan, MercadoLibre, Nike, Bank of, Deutsche Bank, Harley
Locations:
Tuesday's, Bank of America's, Hill