Top Analyst Upgrades and Downgrades: Ford, GM, Hecla Mining, Vale, Waste Management and More
Stocks have been hitting new all-time highs, and Tuesday’s opening bell was indicated to open higher. Stocks are valued at about 18 times forward earnings on the S&P 500 Index, but investors are still looking for ways to make money via dividends, overlooked opportunities, value and more. Those same investors have proven over and over, for about six years, that they will buy stocks on every pullback.
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 for its readers. Some analyst reports cover stocks to buy. Other reports feature stocks to sell or avoid.
These are the top analyst upgrades, downgrades and initiations seen on Tuesday morning:
Ford Motor Co. (NYSE: F) was started as Underperform with a $10 price target (versus a $12.18 prior close) at Jefferies. The stock has a 52-week trading range of $10.44 to $15.84 and a consensus analyst price target of $13.53.
General Motors Co. (NYSE: GM) was started with a Hold rating and assigned a $33 price target (versus a $30.88 close) at Jefferies. The 52-week range is $24.62 to $36.88. The consensus price target is $36.53.
Hecla Mining Co. (NYSE: HL) was raised to Overweight from Neutral with an $8 price target (versus a $6.78 close) at JPMorgan. Its shares were up 4.3% on Monday, and it has a consensus price target of $6.16 and a 52-week range of $1.45 to $6.90.
Vale S.A. (NYSE: VALE) was raised to Equal Weight from Underweight at Morgan Stanley. It closed at $6.03 on Monday and has a consensus price target of $4.64. The 52-week range is $2.13 to $6.26.
Waste Management Inc. (NYSE: WM) was raised to Overweight from Sector Weight with a $74 price target (versus a $65.51 close) at KeyBanc Capital Markets. Also, Merrill Lynch raised estimates and said it liked earnings, but valuation keeps it rated as Neutral. Waste Management has a 52-week range of $48.79 to $70.50 and a consensus price target of $70.78.
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Other key analyst upgrades and downgrades were seen as follows: