Top Analyst Upgrades and Downgrades: AIG, Baidu, Chipotle, Dow Chemical, Mallinckrodt, Palo Alto, Tesla, Xilinx and Many More

Investing

Published: February 3, 2016 9:05 am

Last Updated: January 13, 2020 1:42 pm

Stocks were trying to recover on Wednesday after a serious bout of selling. Investors have noticed in 2016 that most rallies get sold into, but the trend that was in place for over four years was that every rally was bought and gains followed.

24/7 Wall St. reviews dozens of analyst reports each morning. The goal is to find new investing and trading ideas for its readers. Some of these analyst reports are on stocks to buy, while other reports cover stocks to sell or to avoid.

These are this Wednesday’s top analyst calls.

American International Group Inc. (NYSE: AIG) was downgraded to Market Perform from Outperform at William Blair. AIG closed most recently at $55.33 and has a consensus analyst price target of $67.39 and a 52-week trading range of $51.05 to $64.93.

Baidu Inc. (NASDAQ: BIDU) was maintained as Buy but the price target was cut to $203 from $219 at Jefferies. Baidu closed at $154.82, and it has a consensus price target of about $214 and a 52-week range of $100.00 to $223.95.

Chipotle Mexican Grill Inc. (NYSE: CMG) closed up 0.6% at $475.67 before earnings, but it fell 5.5% to $449.71 afterward in early indications. Jefferies maintained it as Hold but cut its target to $390 from $420. Wells Fargo raised its rating to Outperform and raised its valuation range to $500 $530. Chipotle has a 52-week range of $399.14 to $758.61.