Top Analyst Upgrades and Downgrades: Blackstone, Chevron, Diamond Offshore, Palo Alto, Symantec, Total and More

Investing

Published: March 11, 2016 8:55 am

Last Updated: January 13, 2020 12:04 pm

Stocks were trying to make another gap up run higher on Friday, similar to Thursday. The Dow and S&P are fighting to see if the three-week rally can be four weeks. The S&P is challenging 2,000 and the DJIA is challenging 17,000 again. Investors now find themselves in a dilemma of trust: do they sell the rallies like in the first six weeks of 2016, or do they buy the dips like they did for more than four years?

24/7 Wall St. reviews dozens of analyst reports each morning to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or to avoid.

These are the top analyst upgrades, downgrades and initiations seen from Friday, March 11, 2016.

Blackstone Group L.P. (NYSE: BX) was downgraded to Hold from Buy and the price target was cut to $28 from $30 (versus a $27.37 prior close) at Deutsche Bank. Blackstone has a consensus analyst price target of $33.89 and a 52-week trading range of $22.31 to $44.43.

Chevron Corp. (NYSE: CVX) was raised to Neutral from Sell with a $94 price target (from a $78 prior target and versus a $93.94 close) at Goldman Sachs. The consensus analyst target is $95.80 and the 52-week range is of $69.58 to $112.20. Chevron did commit to maintaining and growing its dividend despite lower capex and despite lower energy profits.