Top Analyst Upgrades and Downgrades: Baidu, Caterpillar, GE, Honeywell, Kimberly-Clark, Schlumberger, Southern Energy and More

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Stocks were trading lower on Monday ahead of this week’s slate of central bank meetings. Still, investors have clearly reverted back to the steady trend of buying pullbacks that prevailed from 2011 to 2015.

24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas. Some of these analyst reports cover stocks to buy, while other reports cover stocks to sell or avoid.

These are top analyst upgrades, downgrades and initiations seen on Monday morning:

Baidu Inc. (NASDAQ: BIDU) was reiterated as Buy and the price target was raised from $196 to $225 at Jefferies. The stock closed down 1% at $190.76 on Friday, it has a consensus analyst target price of $213.24 and it has a 52-week trading range of $100.00 to $223.95.

Caterpillar Inc. (NYSE: CAT) was down 0.4% at $78.32 after earnings on Friday, but was indicated up 0.4% at $78.62 on Monday. RBC Capital Markets reiterated its Sector Perform rating but raised its price target to $70 from $68. Goldman Sachs raised its rating to Neutral from Sell. Caterpillar’s consensus price target was $64.22, and the 52-week range is $56.36 to $89.62.


General Electric Co. (NYSE: GE) was reiterated as Outperform and the price target was raised to $35 from $33 at RBC Capital Markets. Goldman Sachs maintained its Neutral rating but raised its target to $29 from $28. Shares closed down 0.7% at $30.76 on Friday after earnings and were indicated down 0.5% at $30.60 on Monday. The consensus target price was $33.08, and the 52-week range is $19.37 to $32.05.

Honeywell International Inc. (NYSE: HON) was reiterated as Buy and the price target was raised from $120 to $130 at Jefferies. Oppenheimer raised its price target to $128 from $120 in its call. RBC Capital Markets maintained its Outperform rating and raised its target to $122 from $121. Price target hikes were also seen from Barclays (to $126 from $122), Morgan Stanley (to $126 from $123) and by Stifel (to $129 from $127). Honeywell closed down 0.6% at $114.17 on Friday. It has a consensus analyst target of $121.55 and a 52-week range of $87.00 to $116.56.

Kimberly-Clark Corp. (NYSE: KMB) was downgraded to Hold from Buy and the price target was cut to $130 from $145 at Deutsche Bank. UBS maintained its Neutral rating but lowered its price target to $134 from $143. The stock closed down 3.7% at $$126.88 on Friday and was indicated down 0.7% at $125.96 on Monday. Its consensus analyst target was $139.92, and it has a 52-week range of $103.04 to $138.76.

Schlumberger Ltd. (NYSE: SLB) was reiterated as Hold and the price target was raised from $71 to $80 at Jefferies. Credit Suisse reiterated its Outperform and $80 target, saying that the bottom has been seen. Cowen reiterated its Outperform rating and raised the target price to $85 from $75.

Southwestern Energy Co. (NYSE: SWN) was downgraded to Market Perform from Outperform at Cowen. Southwestern Energy closed at $12.27, has a consensus price target of $9.07 and has a 52-week range of $5.00 to $29.61.

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Other key analyst upgrades and downgrades were seen in the following: