Top Analyst Upgrades and Downgrades: Amex, Cheniere, Goldcorp, Microsoft, Nucor, Synchrony, Tyco, Whiting and Many More

Investing

Published: January 13, 2016 8:55 am

Last Updated: January 13, 2020 3:06 pm

Stocks tried to stabilize on Monday, and Tuesday’s early indications were for Dow and S&P 500 futures to be up almost 1%. Last week’s sell-off may have been the worst opening week for stocks for anyone who is living, but investors have bought every market pullback for over four years now, and the Dow and S&P 500 were both already challenging the formal 10% correction mark.

24/7 Wall St. reviews dozens of analyst research reports each morning. The aim is to find new investing and trading ideas for its readers. Some of the daily analyst reports cover stocks to buy, and other reports cover stocks to sell or avoid.

These are this Wednesday’s top analyst calls.

American Express Co. (NYSE: AXP) was downgraded to Neutral from Buy at Goldman Sachs, with the firm noting that management is unlikely to be aggressive. In our own 2016 bullish and bearish outlook for American Express, it was shocking to see how analysts were still somehow looking for 18% upside in 2016.

Cheniere Energy Inc. (NYSEMKT: LNG) was raised to Buy from Neutral at Citigroup. After closing at $33.47, the consensus analyst price target is still supposedly (or somehow) up at $71.00, and its 52-week trading range is $32.83 to $82.32.

GoldCorp (NYSE: GG) was downgraded to Neutral from Outperform and the price target was shaved to $14.00 from $15.50 (versus an $11.44 prior close) at Credit Suisse. Goldcorp has a consensus price target of closer to $18.50 and a 52-week range of $10.87 to $25.00.