Top Analyst Upgrades and Downgrades: Newmont, Vodafone, Yelp, Western Digital, American Airlines, AT&T and More
Stocks were indicated higher again on Tuesday on hopes that a deal will be reached in Greece. Yet again, investors have bought every single pullback. 24/7 Wall St. reviews dozens of analyst and brokerage research reports each morning to find new trading and new investing ideas for its readers. Some analyst calls cover stocks to buy, and other calls are about stocks to sell or to avoid.
These are this Tuesday’s top analyst upgrades, downgrades and initiations.
American Airlines Group Inc. (NASDAQ: AAL) was downgraded to Equal Weight from Overweight at Morgan Stanley. The price target was cut to $49.00 (versus a $43.03 close). The consensus price target is $58.18 and the 52-week trading range is $28.10 to $56.20.
AT&T Inc. (NYSE: T) was raised to Buy from Neutral and the price target was raised to $42.00 from $34.00 (versus a $35.04 close) at UBS. Barclays raised its rating to Overweight and the price target was raised to $39.00 from $34.00. The consensus price target is $34.61, and the 52-week trading range is $32.07 to $37.48. The prior highest price target was $40.00.
Newmont Mining Corp. (NYSE: NEM) was reinstated as Outperform with a $30.00 price target (versus a $23.95 close) at Credit Suisse. Newmont’s consensus price target is $27.50 and the 52-week range is $17.60 to $27.90.
Vodafone Group PLC (NASDAQ: VOD) was raised to Buy from Neutral at Nomura. After closing at $37.59 per ADS, the U.S. consensus price target is $39.71, and the 52-week trading range is $28.63 to $39.46.
Western Digital Corp. (NASDAQ: WDC) was downgraded to Neutral from Overweight and the price target was cut to $92.00 from $105.00 (versus a $91.60 close) at JPMorgan. Western Digital has a consensus price target of $115.67 and a 52-week range of $82.85 to $114.69.
Yelp Inc. (NYSE: YELP) was started as Buy with a $60 price target (versus a $45.28 close) at Topeka Capital Markets. Yelp has a consensus price target of $53.69, and its 52-week trading range is $37.91 to $86.88.
Other key analyst upgrades and downgrades seen this Tuesday were as follows: