Top Analyst Upgrades and Downgrades: Amazon, Chesapeake, Chipotle, Deere, Delphi, Lululemon, Pandora, McDonald's, Atlassian and Many More

Investing

Published: January 4, 2016 9:10 am

Last Updated: January 13, 2020 3:29 pm

Stocks were indicated sharply lower on the first trading day of the year. The drop of over 30 S&P 500 points and almost 300 Dow points is not the way most stock markets start the year. This is blamed on China, but the trend that has prevailed in U.S. stocks for over four years is that investors have bought literally every single pullback.

24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, while other reports cover stocks to sell or avoid. These are the top analyst calls for Monday, January 4, 2016.

Amazon.com Inc. (NASDAQ: AMZN) was downgraded to Neutral from Buy at Monness Crespi Hardt. Amazon closed at $675.89 and was indicated down 2.5% at $656.00 on Monday. Its shares have a consensus analyst price target of $741.10 and a 52-week trading range of $285.25 to $696.44.

Chesapeake Energy Corp. (NYSE: CHK) was downgraded to Underperform from Market Perform at Raymond James. Chesapeake Energy closed at $4.50 and has a consensus price target of $6.90 and a 52-week trading range of $3.56 to $21.49.

Chipotle Mexican Grill (NYSE: CMG) was downgraded to Perform from Outperform at Oppenheimer, but this is after two different serious legs down to due to food contamination issues persisting and remaining unresolved. Chipotle closed at $479.85 and was indicated lower at $468.00. Chipotle’s consensus price target has fallen with other downgrades to $574.00 or so, and its 52-week range is $477.97 to $758.61.