Top Analyst Upgrades and Downgrades: American Water, CenturyLink, Chesapeake, Tesla, Macy's, Chimera and More
Stocks were indicated much lower on the Grexit risks becoming almost a certainty. The one trend that has to be considered is that for almost four years, investors have literally bought every single pullback. 24/7 Wall St. reviews dozens of analyst and brokerage research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others are about stocks to sell or to avoid.
These are this Monday’s top analyst upgrades, downgrades and initiations.
American Water Works Co. Inc. (NYSE: AWK) was started as Neutral and was assigned a $54 price target (versus a $49.70 close) at Goldman Sachs. American Water Works has a 52-week trading range of $45.98 to $57.48 and a consensus price target of $57.04. On top of a 2.7% yield, American Water Works was recently renamed to our own 10 stocks to own for the next decade.
CenturyLink Inc. (NYSE: CTL) was raised to Outperform from Market Perform with a $34 price target (versus a $29.92 close) Raymond James. CenturyLink has a consensus price target of $35.39 and a 52-week range of $29.28 to $45.67.
Chesapeake Energy Corp. (NYSE: CHK) was raised to Buy from Underperform and was given a $13 price target (versus a $11.16 close) at Sterne Agee CRT. Chesapeake has a consensus price target of $15.23 and a 52-week range of $11.00 to $29.92.
Chimera Investment Corp. (NYSE: CIM) was started as Buy with a price target of $16 (versus a $13.84 close) at Nomura. As a reminder, Chimera is a high-yield mortgage-backed securities (MBS) real estate investment trust (REIT). It has a 52-week range of $13.75 to $17.05 and a consensus price target of $15.06.
Macy’s Inc. (NYSE: M) was downgraded to Sell from Buy with a $63 price target (versus a $69.85 close) at Deutsche Bank. Macy’s has a 52-week range of $54.84 to $71.10 and a consensus price target of $68.53.
Tesla Motors Inc. (NASDAQ: TSLA) was reiterated as Outperform and the price target was raised to $325 from $290 at Credit Suisse. The firm said that it expects 11,000 to 11,500 deliveries in the second quarter, versus other estimates of 10,000 to 11,000 expected.
Additional top analyst upgrades and downgrades on Monday included the following: