Top Analyst Upgrades and Downgrades: Baidu, Caterpillar, GE, Honeywell, Kimberly-Clark, Schlumberger, Southern Energy and More

Investing

Published: April 25, 2016 9:05 am

Last Updated: January 13, 2020 10:21 am

Stocks were trading lower on Monday ahead of this week’s slate of central bank meetings. Still, investors have clearly reverted back to the steady trend of buying pullbacks that prevailed from 2011 to 2015.

24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas. Some of these analyst reports cover stocks to buy, while other reports cover stocks to sell or avoid.

These are top analyst upgrades, downgrades and initiations seen on Monday morning:

Baidu Inc. (NASDAQ: BIDU) was reiterated as Buy and the price target was raised from $196 to $225 at Jefferies. The stock closed down 1% at $190.76 on Friday, it has a consensus analyst target price of $213.24 and it has a 52-week trading range of $100.00 to $223.95.

Caterpillar Inc. (NYSE: CAT) was down 0.4% at $78.32 after earnings on Friday, but was indicated up 0.4% at $78.62 on Monday. RBC Capital Markets reiterated its Sector Perform rating but raised its price target to $70 from $68. Goldman Sachs raised its rating to Neutral from Sell. Caterpillar’s consensus price target was $64.22, and the 52-week range is $56.36 to $89.62.