Top Analyst Upgrades and Downgrades: Aduro Bio, Facebook, Lululemon, MGIC, Nokia, Schlumberger, Yum and More
Stocks were indicated up on Monday morning after Friday’s sell-off. One trend that has been in place for over three years now is that investors have lined up and bought stocks on weakness. 24/7 Wall St. reviews dozens of analyst research reports each day to find new trading and investment ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or avoid.
These are this Monday’s top analyst upgrades, downgrades, and initiations. There are over two dozen calls in all.
Aduro BioTech Inc. (NASDAQ: ADRO) was started as Buy with a $74 price target (versus a $40.00 close) at Roth Capital.
Facebook Inc. (NASDAQ: FB) was reiterated as Outperform with a $100 price target (versus a $80.78 close) at Oppenheimer. The firm expects Facebook to beat earnings expectations this week.
Lululemon Athletica Inc. (NASDAQ: LULU) was downgraded to Underperform from Outperform with a $68 price target (versus a $66.70 close) at CLSA.
MGIC Investment Corp. (NYSE: MTG) was raised to Neutral from Underperform and the price target was raised to $10 from $8.50 (versus a $9.91 close) at Credit Suisse.
Nokia Corp. (NYSE: NOK) was downgraded to Hold from Buy at Jefferies.
Symantec Corp. (NASDAQ: SYMC) was raised Hold from Underperform at Jefferies, and the price target was raised to $21 from $20 in the call.
Synchrony Financial (NYSE: SYF) was raised to Buy from Neutral with a price target of $36 (versus $30.52 close) at BTIG.
Yum! Brands Inc. (NYSE: YUM) was reiterated Outperform and the price target was raised to $90 from $80 at Oppenheimer, with a note that the rewards are still outweighing the risks.
These are the other important analyst upgrades, downgrades and initiations seen in Wall Street analyst research reports this Monday: