Top Analyst Upgrades and Downgrades: Lululemon, Tesla, Twitter, Disney, Whiting and More
Stocks were indicated higher on Monday morning, despite weak manufacturing data from China. Investors have bought every single pullback for what is now approaching four years. 24/7 Wall St. reviews dozens of research reports from analysts each day of the week to find new trading and investment ideas for its readers. Some of these 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.
Lululemon Athletica Inc. (NASDAQ: LULU) was started as Outperform with a $77 price target at RBC Capital Markets. The consensus price target is almost $67, and the yoga-themed retailer and apparel maker has a 52-week range of $36.26 to $70.00. Be advised that this is currently the highest price target, as the prior high from other analysts was $70.
Tesla Motors Inc. (NASDAQ: TSLA) was reiterated as Outperform with a $290 price target at Credit Suisse. The comments were very positive around the storage pricing bringing a compelling takeaway. The firm does not expect revenue or earnings to see material changes near term, but the team there sees the value of what Tesla has accomplished over the past six months being underappreciated.
Twitter Inc. (NYSE: TWTR) was raised to Hold from Sell at Stifel, now that much of the downside expected has been seen. This was on the heels of a major post-earnings sell-off and after other firms downgraded Twitter. Shares were indicated up about 1% at $38.25 in early trading on Monday, versus a 52-week range of $29.51 to $55.99. Are social media stocks now grossly oversold?
Walt Disney Co. (NYSE: DIS) was reiterated Outperform and the price target was raised to $120 from $110 at RBC Capital Markets. This is just a day ahead of Disney’s earnings report.
Whiting Petroleum Corp. (NYSE: WLL) was raised to Overweight from Equal Weight with a price target of $48 (versus a $37.68 close) at Morgan Stanley. Whiting also received positive coverage from other analysts late last week as well.
Dow futures were up 66 points, followed by S&P 500 futures being up more than five points in early trading indications. The 10-year Treasury yield was indicated at almost 2.12% as well, what appears to be the highest yield again in almost two months.
Other key analyst upgrades, downgrades and initiations were seen in the following companies: