Top Analyst Upgrades and Downgrades: BP, Chevron, Chesapeake, GoPro, Yelp and More
Monday's top analyst upgrades, downgrades and initiations include BP, Chevron, Chesapeake, GoPro and Yelp.
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After a roller-coaster week that finally pushed the markets into the green for the year, many investors are eyeing what could turn out to be a slow week as traders keep an eye on the exits for an early start to the Memorial Day weekend. With the futures looking down to start the week, profit taking comes into view.
24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for its readers. Some analyst research reports cover new stocks to buy and others cover stocks to sell or avoid.
These are Monday’s top analyst upgrades, downgrades and initiations.
A10 Networks Inc. (NASDAQ: ATEN) was raised from Sector Weight to Overweight at Pacific Crest.
BP PLC (NYSE: BP ) was downgraded to Sell from Neutral at Goldman Sachs.
Chevron Corp. (NYSE: CVX ) is another major oil downgraded from Neutral to Sell at Goldman Sachs.
Chesapeake Energy Corp. (NYSE: CHK) is downgraded from Buy to Neutral at Goldman Sachs.
GoPro Inc. (NASDAQ: GPRO) was raised to Perform from Underperform at Oppenheimer.
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Teekay Tankers Ltd. (NYSE: TNK) was started at Overweight at JPMorgan. Shares closed Friday at $6.54.
Penn National Gaming Inc. (NASDAQ: PENN) was raised to Buy from Neutral at Goldman Sachs. Shares closed Friday at $16.59.
Yelp Inc. (NASDAQ: YELP) is downgraded to Neutral from Overweight at Piper Jaffray.
Zayo Group Holdings Inc. (NYSE: ZAYO) was raised to Neutral from Underperform at Macquarie. The price target goes to $26 from $25.
In case you missed Friday’s top analyst upgrades, downgrades and initiations, they included Apple, Clovis Oncology, Deere, J.C. Penney, Wynn Resorts and Yum! Brands.
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Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad, diverse career, including a stint as creative services director at an NBC affiliate in Austin, Texas, gives him unique insight into the financial industry.
Lee Jackson's journey in the financial industry spans more than 30 years, including nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career spanned pivotal sell-side Wall Street events, from the dot-com rise and bubble to the Long-Term Capital Management debacle, 9/11, and the Great Recession of 2008. This reflects his resilience and adaptability amid market volatility.
Lee Jackson’s practical financial industry experience, gained through a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing across various platforms. This unique combination allows him to shed light on the intricacies of Wall Street in a way only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.
Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.
