Stocks were indicated lower with lower prices overseas and with oil wanting to challenge $40. The bull market is over six years old, investors have bought every dip up until recently, higher interest rates are coming soon and investors are trying to decide where they can hide in the markets safely. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, and other calls cover stocks to sell or avoid.
These are this Thursday’s top analyst upgrades, downgrades and initiations.
Container Store Group Inc. (NYSE: TCS) was raised to Hold from Underweight at BB&T Capital Markets. The stock closed at $15.76 on Wednesday, and it has a consensus analyst price target of $20.14 and a 52-week trading range of $15.49 to $24.00.
Ericsson (NASDAQ: ERIC) was maintained as Outperform at RBC Capital Markets, but the price target was cut to $12 from $14 in the call. Ericson closed at $10.15, has a consensus price target of $13.07 and has a 52-week range of $9.92 to $13.28.
Lumber Liquidators Holdings Inc. (NYSE: LL) was raised to Buy from Hold at Cantor Fitzgerald. Shares were indicated up 7% at $15.20, with a consensus analyst price target of $16.00 and a 52-week range of $11.62 to $69.99.
Micron Technology Inc. (NASDAQ: MU) was downgraded to Neutral from Outperform and the price target was slashed to $15 from $36 (versus a $15.90 close) at R.W. Baird. Micron’s consensus price target keeps drifting lower and is now around $27.50. The 52-week range is $15.88 to $36.59.
Walt Disney Co. (NYSE: DIS) was downgraded to Market Perform from Outperform and the price target was cut to $114 from $125 (versus a $106.45 close) at Sanford Bernstein. This is just a day after Wells Fargo downgraded Disney as well. Disney’s consensus analyst target price is $121.30 and the 52-week range is $78.54 to $122.08.
Other top analyst upgrades, downgrades and initiations from this Thursday were seen as follows: