Top Analyst Upgrades and Downgrades: Amazon, Chevron, Monster Beverage, Range Resources, Wayfair, Wynn, Yahoo and Many More

Investing

Published: March 22, 2016 8:55 am

Last Updated: January 13, 2020 11:40 am

Stocks were indicated to open lower on the heels of dual bomb attacks in Brussels, Belgium. The markets have risen for five weeks and had recaptured positive gains for 2016 as of last Friday. Investors have had to decide whether they buy dips or sell rallies all over again.

24/7 Wall St. reviews dozens of analyst research reports each morning of the week. The aim is to find new investing and trading ideas for our readers. Some of these analyst reports cover stocks to buy, and others cover stocks to sell or avoid.

With terrorism back in the news, it is important to realize that the stock market’s five-week gain has taken the S&P 500 back up to being valued above 17.5 times forward 12 month earnings expectations.

These are the top analyst upgrades, downgrades and initiations seen on Tuesday, March 22, 2016.

Amazon.com Inc. (NASDAQ: AMZN) was downgraded to Outperform from Strong Buy and the price target was cut to $655 from $770 (versus a $553.98 prior close) at Raymond James. Amazon has a consensus analyst price target of $735.30 and a 52-week trading range of $365.65 to $696.44.

Chevron Corp. (NYSE: CVX) was downgraded to Market Perform from Outperform at Raymond James. The stock closed down 1.3% at $96.44 on Monday and was indicated down 1% more at $95.50 in early Tuesday trading. It has a consensus price target of $96.07 and a 52-week range of $69.58 to $112.20.