Stocks were indicated to open higher on Tuesday, and even the Nasdaq was indicated higher after some of its top market darlings have recovered from Friday’s and Monday’s selling pressure. The bull market is now over eight years old, and investors have continued to prove that they are willing buy every stock market sell-off. Those same investors are also hunting for new investing and trading ideas.
24/7 Wall St. reviews dozens of analyst research reports each morning in an effort to find new investing and trading ideas for our readers. Some analyst reports cover stocks to buy. Others cover stocks to sell or to avoid.
The consensus analyst price target data are the mean of the Thomson Reuters sell-side research service. Additional color and commentary has been added on most of the daily analyst calls.
These were the top analyst upgrades, downgrades and other research calls from Tuesday, June 13, 2017.
Cheniere Energy Inc. (NYSEMKT: LNG) was downgraded to Equal Weight from Overweight at Morgan Stanley. Shares closed up 0.4% at $49.43 on Monday but were indicated down 0.9% at $48.98 early Tuesday. Cheniere has a 52-week trading range of $31.85 to $51.41 and a consensus analyst price target of $56.35.
Consolidated Edison Inc. (NYSE: ED) was downgraded to Hold from Buy at Jefferies. It closed at $83.30 on Monday, in a 52-week range of $68.76 to $83.99. The consensus price target is $78.08.
Foot Locker Inc. (NYSE: FL) was downgraded to Hold from Buy at Argus. Shares closed at $54.85 and have a 52-week range of $50.90 to $79.43. The consensus target price is $72.60.
MercadoLibre Inc. (NASDAQ: MELI) was downgraded to Neutral from Buy at Goldman Sachs. The stock closed down 1.6% at $270.73 on Monday, and the indications for Tuesday were down 2.1% at $265.00. MercadoLibre has a 52-week range of $126.10 to $297.95 and a consensus price target of $266.03.
Shopify Inc. (NYSE: SHOP) was downgraded to Neutral from Buy at Goldman Sachs. Shopify closed down 2.8% at $88.89 on Monday and was indicated down another 1.7% at $87.36 on Tuesday. The 52-week range is $26.35 to $100.80, and the consensus price target is $91.08.
Tesla Inc. (NASDAQ: TSLA) was raised to Buy from Hold with a $464 price target (versus a $359.01 prior close) at Berenberg. Tesla has a 52-week range of $178.19 to $376.87 and a consensus price target of $269.56.
Veeco Instruments Inc. (NASDAQ: VECO) was raised to Overweight from Neutral with a $39 price target (versus a $29.80 close) at JPMorgan. It has a 52-week range of $15.53 to $34.38 and a consensus target price of $36.80.
Zoetis Inc. (NYSE: ZTS) was downgraded to Market Perform from Outperform at BMO Capital Markets. Zoetis has a 52-week range of $45.28 to $63.49 and a consensus price target of $63.21.
Other top analyst calls were seen in the following:
Acceleron Pharma Inc. (NASDAQ: XLRN) was downgraded to Perform from Outperform at Oppenheimer.
Athenahealth Inc. (NASDAQ: ATHN) was downgraded to Neutral from Overweight at Cantor Fitzgerald.
Alkermes PLC (NASDAQ: ALKS) was downgraded to Market Perform from Outperform at Leerink Swann.
Commercial Metals Co. (NYSE: CMC) was raised to Buy from Neutral with a $22 price target (versus a $19.40 close) at Citigroup.
Equifax Inc. (NYSE: EFX) was started as Buy with a $166 price target at Argus. Equifax closed at $136.83, and it has a consensus target price of $147.17 and a 52-week range of $110.87 to $139.89.
Sherwin-Williams Co. (NYSE: SHW) was raised to Buy from Neutral at Longbow Research.
Sonic Corp. (NASDAQ: SONC) was downgraded to Underperform from Buy at Merrill Lynch.
Monday’s top analyst upgrades and downgrades were in shares of Adobe Systems, Alibaba, Apple, Pandora Media, Vodafone, Cigna, Lexicon Pharmaceuticals and over a dozen more.
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