Stocks were indicated lower again on Tuesday after weak data out of China, like that somehow couldn’t be seen coming. Investors have so far bought the dips and sell-offs, but the difference is that this correction went over 10% on the Dow and S&P 500 for the first time in almost four years.
24/7 Wall St. reviews dozens of analyst research reports each day to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, and other calls cover stocks to sell. These are this Tuesday’s top analyst upgrades, downgrades and initiations.
American Airlines Group Inc. (NASDAQ: AAL) was raised to Buy from Hold with a $50 price target (versus a $38.98 close) at Deutsche Bank. It has a consensus analyst price target of $54.71 and a 52-week trading range of $28.10 to $56.20.
CyberArk Software Ltd. (NASDAQ: CYBR) was raised to Overweight from Neutral with a $70 price target (versus a $51.05 close) at Piper Jaffray. CyberArk has a consensus target of $63.55 and a 52-week range of $22.12 to $76.35.
Delta Air Lines Inc. (NYSE: DAL) was raised to Buy from Hold with a $50 price target (versus a $43.78 close) at Deutsche Bank. It has a consensus analyst price target of $59.67 and a 52-week range of $30.12 to $51.06.
First Solar Inc. (NASDAQ: FSLR) was started as Overweight and was given a $71 price target (versus a $47.84 close) at Barclays. First Solar has a consensus price target of $62.83 and a 52-week range of $39.18 to $73.78.
VMWare Inc. (NYSE: VMW) was raised to Outperform from Neutral at R.W. Baird. VMware closed at $79.15 and has a 52-week range of $73.65 to $99.71.
Other key analyst upgrades, downgrades and initiations seen on Tuesday were in the following:
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