Top Analyst Upgrades and Downgrades: Citrix, Danaher, Host Hotels, Keurig, Micron and More
Stocks were lower on Friday as hope of a Greek deal diminishes. Investors have found numerous reasons to buy every stock market pullback for nearly four years now. 24/7 Wall St. reviews dozens of research reports each morning of the week. The goal is to find value and upside via new trading and investing ideas for our readers. Some analyst calls cover stocks to buy, and others are about stocks to sell or avoid.
These are this Friday’s top analyst upgrades, downgrades and initiations.
Citrix Systems Inc. (NASDAQ: CTXS) was raised to Buy from Underperform with a price objective move to $82.00 (versus a $70.39 close) at Bank of America Merrill Lynch. Piper Jaffray also raised its rating to Neutral from Underweight and raised its target to $75 from $60. Here is how the Elliott activist group thinks Citrix shares can rise to $90 or $100.
Danaher Corp. (NYSE: DHR) was reiterated as Buy with a fair value estimate of $114.00 (versus a $85.93 close) at Janney Capital Markets. The firm sees big earnings upside and said that Danaher has a long runway ahead with 50% of its assets still in the early innings of operational improvements. Danaher’s consensus analyst target is $98.59, and we would point out that Janney’s target is the street’s highest.
Keurig Green Mountain Inc. (NASDAQ: GMCR) was downgraded to Neutral from Buy at UBS. While UBS often does not issue formal target prices, the consensus price target is $118.85 and shares closed at $84.30. Keurig was indicated down 1.5% at $83.00 in early trading on Friday, and the 52-week low comes into play at $82.42.
Host Hotels & Resorts Inc. (NYSE: HST) was started as Buy with a $25.00 price target (versus a $19.71 close) at Stifel. The firm said the value here is too cheap to ignore at a 35% discount to its replacement cost. Host’s consensus analyst price target is $22.63, and the highest analyst price target is $26.00.
Micron Technology Inc. (NASDAQ: MU) was maintained as Buy at Pacific Crest, but the firm lowered its target price to $32 from $39 despite saying that near-term softness should be baked into the stock at this point. The firm Drexel Hamilton reportedly downgraded Micron to a Sell rating on Thursday. Wedbush reiterated its Buy rating and $31 price target on Thursday as well.
AECOM (NYSE: ACM) was started as Overweight and was assigned a $40 price target (versus a $33.67 close) at JPMorgan. The consensus analyst price target is actually closer to $35.00, and the highest target is at $41.00.
Other key analyst upgrades, downgrades and initiations were in shares of the following companies: