Stocks were looking for direction on Tuesday as the earnings onslaught begins. One trend that has held up for almost four years now is that investors have bought every stock market sell-off. 24/7 Wall St. reviews dozens of analyst reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, and others cover stocks to sell or avoid.
These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Alarm.com Holdings Inc. (NASDAQ: ALRM) saw its quiet period come to an end with the following initiations: Credit Suisse at Outperform, Goldman Sachs at Neutral, Raymond James at Outperform, Stifel at Buy and William Blair at Outperform.
Pandora Media Inc. (NYSE: P) was reiterated as Buy with a $26 price target (versus a $13.81 close) at Canaccord Genuity. Pandora has a consensus price target of $22.00 and a 52-week trading range of $13.30 to $28.95. That 52-week low of $13.30 was hit on Monday.
PayPal Holdings Inc. (NASDAQ: PYPL) was started as Underweight at Piper Jaffray, started as Buy at BTIG and started as Outperform at RBC Capital Markets. PayPal closed up 5.4% at $40.47 on its first trading day.
SanDisk Corp. (NASDAQ: SNDK) was reiterated as Overweight with a $75.00 target price at Pacific Crest, ahead of Wednesday’s earnings report. SanDisk closed at $55.48, has a consensus analyst price target of $68.60 and has a 52-week range of $53.18 to $106.64.
SunEdison Inc. (NYSE: SUNE) was downgraded to Neutral from Outperform at R.W. Baird. SunEdison closed at $31.66 after its Vivint Solar acquisition, has a consensus price target of $37.54, and has a 52-week range of $13.09 to $33.45.
Tesla Motors Inc. (NASDAQ: TSLA) was downgraded to Sell from Neutral at UBS. Tesla closed at $282.26, has a consensus price target of $288.50 and has a 52-week range of $181.40 to $291.42.
Advanced Micro Devices Inc. (NASDAQ: AMD) was maintained as Neutral but the price target was cut to $2.00 from $2.25 at Mizuho. AMD closed at $1.80 and its 52-week range is $1.77 to $4.32.
Other top analyst upgrades and downgrades seen this Tuesday were in shares of the following:
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