Top Analyst Upgrades and Downgrades: Chipotle, Cisco, Micron, Seagate, Vertex, Disney, Xerox and Many More

Investing

Published: February 1, 2016 8:55 am

Last Updated: January 13, 2020 1:50 pm

Stocks were indicated handily lower on Monday. Investors have seen so far in 2016 that rallies have been sold off, but for over four years, before January, every single market sell-off was met with investors buying the dips. 24/7 Wall St. reviews dozens of analyst reports each morning to find new investing and trading ideas for its readers. Some of these analyst reports are on stocks to buy, while others cover stocks to sell or avoid.

These are this Monday’s top analyst calls.

Chipotle Mexican Grill Inc. (NYSE: CMG) was raised to Neutral from Underperform with a $475 price objective (versus a $452.97 prior close) at Bank of America Merrill Lynch. Chipotle has a consensus target price of $479.52 and a 52-week trading range of $399.14 to $758.61.

Cisco Systems Inc. (NASDAQ: CSCO) was maintained as Outperform but the price target was cut to $30 from $32 at Oppenheimer. The firm expects that its January quarterly results should come in line with consensus, with potential downside to the low end of guidance, based on Cisco channel checks. Cisco closed at $23.79, has a consensus target price if $30.55 and has a 52-week range of $22.47 to $30.31.

Micron Technology Inc. (NASDAQ: MU) was raised to Neutral from Sell at Goldman Sachs, but the firm lowered its price target to $11 from $13 (versus an $11.03 close). The consensus target price is $18.18, and the 52-week range is$9.31 to $32.84.