5 Top ADSs Seeing Big Analyst Upgrades and Downgrades

June 18, 2015 by Jon C. Ogg

24/7 Wall St. covers many of each morning’s key analyst upgrades and downgrades. After a second look, it turns out that some key analyst calls are driving some of the more active American Depositary Shares (ADSs) as well. Some of these analyst calls cover stocks to buy, but one downgrade looks to have kept one of these five from rising along with a strong market.

ABB Ltd. (NYSE: ABB) would seemingly be up on a day when other industrial names were higher, but a call from UBS may have thwarted at least some ambitions here. UBS downgraded ABB to Sell from an already cautious Neutral stance. While price target data was not seen, ABB’s ADSs were down 0.7% at $22.12 in late day trading on Thursday against a 52-week range of $19.14 to $24.15.

Banco Santander, S.A. (NYSE: SAN) was raised to Overweight from Neutral at JPMorgan. The US share price data was not seen on the call, but the target price went up to 8.20 euro from 7.3 euro. Banco Santander’s ADSs were up 2.7% at $7.27 in the call. The basis is a lower view of fallout coming from a Greek exit from the Eurozone and expected organic growth.  Its 52-week range is $6.61 to $10.75.

Embraer SA (NYSE: ERJ) was raised to Outperform from Neutral at Cowen & Co. on Thursday, with a $42.00 price target (versus $31.61 close). Embraer’s consensus price target is listed as $36.84 and its 52-week trading range is $29.55 to $40.52. The highest analyst price target is $43.00. ADSs were trading up 1.4% at $32.05 on Thursday, with a 52-week range of $29.55 to $40.52.

Mylan N.V. (NASDAQ: MYL) is a company that many think is American, but the generic drug maker is based in England and was registered under Dutch law. No wonder Teva issued its accusations in an acquisition attempt. Mylan was started with a Buy rating and a price target of $85.00 at B. Riley. This was versus a $71.23 closing price and against a 52-week range of $44.80 to $76.69. Mylan’s consensus analyst target is $78.45. Mylan ADSs were up 1.1% at $72.04 in late-day trading on Thursday. Mylan is now a runner-up stock in the 24/7 Wall St. 10 Stocks to Own for the Next Decade.

Telecom Italia S.p.A. (NYSE: TI) saw its shares started as Outperform at Raymond James. This call had shares up almost 6% at $13.20 in New York trading on Thursday afternoon. Telecom Italia’s consensus analyst target price is $15.37 and the 52-week range is $9.46 to $13.47 with the 52-week high being seen this Thursday as well. Jefferies had raised its rating to Buy earlier this month, and both calls have at least some boost coming from the tower unit IPO of Infrastrutture Italiane SpA.

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