Stocks were looking for direction on Tuesday despite a slew of Dow and S&P 500 earnings reports. Investors still seem willing to buy each pullback, even if there are high valuations and a bull market that is seven and a half years old. Investors are also looking for new ideas to generate gains or income ahead.
24/7 Wall St. reviews dozens of analyst research reports each morning. The goal is to find new investing and trading ideas for our readers. Some analyst research reports cover stocks to buy, and some reports feature stocks to sell or to avoid.
These are the top analyst upgrades, downgrades and initiations seen on Tuesday morning:
Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) already received one full analyst review on Monday, and shares closed down 9.7% at $9.37. Now JMP Securities has downgraded it to Market Perform from Market Outperform. The stock has a 52-week trading range of $4.37 to $14.34 and a consensus analyst price target of $13.33.
AT&T Inc. (NYSE: T) was raised to Hold from Sell and the price target was raised to $39 from $36 at Independent Research. It has a 52-week range of $32.22 to $43.89 and a consensus price target of $41.95.
Chesapeake Energy Corp. (NYSE: CHK) was raised to Sector Perform from Underperform with an $8 price target (versus a $6.36 prior close) at RBC Capital Markets. The 52-week range is $1.50 to $8.15, and the consensus price target is $7.37.
Hain Celestial Group Inc. (NASDAQ: HAIN) was started as Positive at Susquehanna. Han Celestial has a 52-week range of $33.12 to $56.99 and has a consensus analyst price target of $43.38.
Nike Inc. (NYSE: NKE) was started as Perform at Oppenheimer. The stock was last seen down 2% at $50.50 on the heels of Under Armour earnings. Nike has a 52-week range of $50.96 to $68.19 and a consensus price target of $62.41.
Visa Inc. (NYSE: V) was downgraded to Neutral from Buy at Guggenheim. It was maintained as Buy and the price target was raised to $97 from $90 at UBS. Shares closed up 1% at $83.17 ahead of earnings and were down 0.5% at $82.75 on Tuesday. Visa has a 52-week range of $66.12 to $83.79 and a consensus price target of $92.80.
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Other key analyst upgrades and downgrades were seen as follows: