Top Analyst Upgrades and Downgrades: ADM, General Mills, Home Depot, Microsoft, 3D Systems, Western Digital and More

Investing

Published: May 24, 2016 8:55 am

Last Updated: January 13, 2020 7:40 am

Despite the conventional “sell in May and go away” sentiment, lately investors have proven that they are looking for opportunities and will buy the big market dips. 24/7 Wall St. reviews dozens of analyst research reports each morning with the goal of finding new investing and trading ideas for our readers. Some analyst reports cover stocks to buy, and other reports feature stocks to sell or to avoid.

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

Archer Daniels Midland Co. (NYSE: ADM) was raised to Outperform from Market Perform with a price target of $48 (versus a $40.44 prior close) at BMO Capital Markets. ADM has a consensus analyst price target of $39.00 and a 52-week trading range of $29.86 to $53.31.

General Mills Inc. (NYSE: GIS) was downgraded to Sell from Neutral with a $58 price target (versus a $62.70 close) at Goldman Sachs. It has a consensus price target of $60.19 and a 52-week range of $47.50 to $65.49.

Home Depot Inc. (NYSE: HD) was started with a Buy rating and was given a $158 price target (versus a $131.42 close) at Topeka Capital. The consensus price target is $147.32, and the 52-week range is $92.17 to $137.82.