Top Analyst Upgrades and Downgrades: Canada Goose, Cypress Semi, Ralph Lauren, Sunoco, Tesla, Wells Fargo and Many More

April 10, 2017 by Jon C. Ogg

Stocks were indicated marginally higher on Monday, but not with enough of a gain to create any serious expectations for the day. While this bull market in stocks is now more than eight years old, investors have shown for more than five years that they are willing to buy every market pullback. Those same investors also are still looking for new trading and investing ideas.

24/7 Wall St. reviews dozens of analyst research reports each day of the week in an effort to find new ideas for our readers. Some analyst reports cover stocks to buy, and others cover stocks to sell or to avoid.

Some additional color has been added on many of the following calls, and the consensus analyst price targets referenced are from Thomson Reuters. These are the top analyst upgrades, downgrades and initiations seen on Monday, April 10, 2017:

Canada Goose Holdings Inc. (NYSE: GOOS) has seen its quiet period come to an end. It was started as Outperform at Wells Fargo and as Buy at Goldman Sachs and at Canaccord Genuity. It was also initiated with an Outperform rating at BMO Capital Markets and at Credit Suisse. Merrill Lynch started Canada Goose with a Neutral rating, and CIBC started Canada Goose as Sector Perform.

Cypress Semiconductor Corp. (NASDAQ: CY) was raised to Buy from Hold with a $17 price target (versus a $13.59 prior close) at SunTrust Robinson Humphrey. The shares have a 52-week trading range of $8.02 to $14.98 and a consensus analyst price target of $15.19.

Ralph Lauren Corp. (NYSE: RL) was started as Sector Perform with an $84 price target (versus a $79.28 close) at RBC Capital Markets. The 52-week range is $75.62 to $114.00, and the consensus price target is $78.06.

Sunoco L.P. (NYSE: SUN) was raised to Hold from Underperform and the price target was raised to $29 from $20 at Jefferies. Sunoco also was raised to Outperform from Neutral with a price target hike to $36 from $28 at Robert W. Baird.

Tesla Inc. (NASDAQ: TSLA) was upgraded to Overweight from Neutral and the price target was raised to $368 from $223 at Piper Jaffray. Shares closed up 1.3% at $302.54 on Friday and were indicated up 2.2% more at $309.40 on Monday, above the 52-week range of $178.19 to $304.88. The consensus price target is just $254.76.

Wells Fargo & Co. (NYSE: WFC) was raised to Neutral from Underweight with a $55 price target (versus a $54.84 close) at Piper Jaffray. Wells Fargo has a 52-week range of $43.55 to $59.99 and a consensus analyst target of $59.07.

Other key analyst calls were seen in the following:

AstraZeneca PLC (NYSE: AZN) was downgraded to Hold from Buy at Jefferies.

Education Realty Trust (NYSE: EDR) was downgraded to Hold from Buy at Canaccord Genuity.

Host Hotels and Resorts Inc. (NYSE: HST) was raised to Neutral from Sell with a $17 price target (versus an $18.30 close) at Goldman Sachs.

J.M. Smucker C. (NYSE: SJM) was downgraded to Underweight from Equal Weight at Morgan Stanley.

National Fuel Gas Co. (NYSE: NFG) was downgraded to Underperform from Buy and the price target was cut to $52 from $66 (versus a $60.69 close) at Jefferies.

Progressive Corp. (NYSE: PGR) was raised to Outperform from Market Perform with a $45 price target (versus a $39.29 close) at Keefe Bruyette & Woods.

Qiwi PLC (NASDAQ: QIWI) was raised to Overweight from Neutral and the price target was raised to $23 from $15 (versus a $16.14 close) at JPMorgan.

Friday’s top analyst calls included AECOM, Apache, Panera Bread, Sunoco, Wal-Mart and many more.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.