Top Analyst Upgrades and Downgrades: Chevron, Colgate-Palmolive, Groupon, Medivation, Microsoft, Seagate and More

Investing

Published: May 2, 2016 8:25 am

Last Updated: January 13, 2020 10:01 am

Stocks were indicated higher on Monday, perhaps on hopes that Warren Buffett was calling for America’s great days ahead routine speech at his annual meeting. Investors keep proving that they are more than willing to buy the dips and sell-offs, even with the S&P 500 trading at about 17.7 times its forward 12-month price-to-earnings (P/E) ratio.

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

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

Chevron Corp. (NYSE: CVX) was reiterated as Buy and the price target was raised to $114 from $110 (versus a $102.18 prior close) at Jefferies. It has a consensus analyst price target of $101.39 and a 52-week trading range of $69.58 to $110.80.

Colgate-Palmolive Co. (NYSE: CL) was raised to Neutral from Sell and the price target was raised to $75 from $62 (versus a $70.92 close) at Goldman Sachs.