Top Analyst Upgrades and Downgrades: Apple, Dynegy, Flowserve, Jagged Peak Energy, Lear, Nokia, Verizon and More

February 21, 2017 by Lee Jackson

The futures were trending higher this morning as investors and traders returned after the long Presidents Day weekend holiday. With earnings season for the most part over, many are looking to the Federal Reserve meeting next month and the possibility of an interest rates boost of an additional 25 basis points, or one-quarter of a percentage point. The February jobs report, which comes out next week, could have a big impact on the decision.

24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.

These are this Tuesday’s top analyst upgrades, downgrades and initiations.

Apple Inc. (NASDAQ: AAPL) had its price target raised at Morgan Stanley to $154 from $150. The Wall Street consensus price target for the shares is $139.82, and the 52 week trading range for the stock is $89.47 to $136.27. Shares ended trading last Friday at $135.72.

Dynegy Inc. (NYSE: DYN) was resumed with a rating of Neutral at Goldman Sachs. The 52-week trading range for the utility is $7.01 to $22.01 a share, and the consensus price target is $13. Shares ended last week at $9.04.

Jagged Peak Energy Inc. (NYSE: JAG) had a recent initial public offering, and the stock was started with a rating of Buy and a price target of $19 at Goldman Sachs. The range for the shares since the IPO is $13.32 to $15.08. The stock closed Friday at $13.50.

Nokia Inc. (NYSE: NOK) was started with a Buy rating at Craig Hallum. The consensus price target for the former wireless giant is $5.83, and the 52 week range is $4.04 to $6.31. Shares closed Friday at $5.05.

REV Group Inc. (NASDAQ: REVG) was started with a rating of Outperform and a price target of $33 at Credit Suisse. Morgan Stanley started the stock with an Equal Weight rating and a $30 target. This company had an initial public offering last month and the consensus price targets are being established. The stock has traded in a range from $24.50 to $29.29 since the debut. The shares closed last Friday at $27.59.

ViaSat Inc. (NASDAQ: VSAT) was started with an Equal Weight rating at Barclays. The 52-week range for the shares is $63 to $82.19, and the consensus price objective is $68.29. The stock closed just below that level last Friday at $67.21.

Verizon Communications Inc. (NYSE: VZ) was raised to a Buy rating at a firm called MoffettNathanson. The 52-week range is $46.01 to $56.95, and the consensus price objective is $52.23. The stock closed last Friday at $49.19.

Other key analysts upgrades and downgrades were seen in the following:

Adient PLC (NASDAQ: ADNT) was started with a rating of Overweight and a price target of $95 at Morgan Stanley. The consensus target is $69.64. The shares closed last Friday at $64.01.

AnaptysBio Inc. (NASDAQ: ANAB) was started with a rating of Outperform at Wedbush. The analyst has a $28 price target for the shares. The 52-week trading range is $15.17 to $24.95, and shares closed last Friday at $23.89.

ChemoCentryx Inc. (NASDAQ: CCXI) was started with a rating of Market Outperform at JMP Securities. The 52-week range is $1.92 to $9.10, and the consensus price objective is $10. The shares closed Friday at $7.04.

Flex Ltd. (NASDAQ: FLEX) had the price target for their shares raised to $22 from $17 at RBC Capital Markets. That compares with a consensus price target of $16.92. The 52-week trading range is $10.30 to $16.68. The stock closed last Friday at $16.44.

Flowserve Inc. (NYSE: FLS) is reiterated at Underperform at RBC Capital Markets, and the price target was lowered to $43 from $44. The consensus price target is $48.79, and the 52 week range is $39.13 to $52.50. The stock ended the day on Friday at $48.37

Lear Inc. (NYSE: LEA) was downgraded to Equal Weight from Overweight at Morgan Stanley. The 52-week range for the stock is $96.64 to $148.49. The consensus price target is $155.67. The shares closed last Friday at $142.37, so possibly a valuation call.

ObsEva S.A. (NASDAQ: OBSV) was started with a rating of Outperform at Credit Suisse, which set its price target at $27. The 52-week range for the shares is $10.57 to $13.50. The stock closed trading last Friday at $13.21.

Parkway Inc. (NYSE: PKY) was raised to Overweight at Capital One. The 52-week range is $12.98 to $23.20, and the consensus price target is 22.20. Shares closed last Friday at $21.58.

Zhaopin Ltd. (NASDAQ: ZPIN) was raised to Neutral from Underperform at Credit Suisse. The analyst also boosted the price target to $18 from $13.50. The 52-week trading range is $13.70 to $17.17. The consensus price objective is $15.28. Shares closed trading last Friday at $16.92

In case you missed it, here are last Friday’s analyst upgrades and downgrades. They included Arch Coal, Avis Budget Group, Capital One, Hain Celestial, Hertz, Macy’s and many more.

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