Stocks were indicated lower on Tuesday ahead of the election, but that followed a serious 371 point Dow gain and 46 point S&P 500 gain. For more than five years, investors have found different reasons each time to keep the bull market alive and buy the sell-offs. Investors are also still looking for new ideas to generate gains or income ahead.
24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas for our readers. Some of these analyst research reports cover stocks to buy, and other calls cover stocks to sell or avoid.
These are the top analyst upgrades, downgrades and initiations seen on Tuesday morning:
AT&T Inc. (NYSE: T) was downgraded to Perform from Outperform at Oppenheimer. After closing Monday up 0.8% at $36.81, the shares were down 0.4% at $36.67 early Tuesday. AT&T has a consensus analyst price target of $41.23 and a 52-week range of $32.22 to $43.89.
CenturyLink Inc. (NYSE: CTL) was raised to Outperform from Perform with a $30 price target (versus a $23.32 prior close) at Oppenheimer. As a reminder, the CenturyLink and Level 3 merger may have destroyed their charts long term. CenturyLink shares closed up 1.2% at $23.32 on Monday and were up 0.5% at $23.45 on Tuesday, in a 52-week range of $21.94 to $33.45. The consensus price target is $28.20.
Goldman Sachs Group Inc. (NYSE: GS) was downgraded to Neutral from Buy at Citigroup. After rising 3.2% to $181.48 on Monday’s close, in a 52-week range of $138.20 to $198.93, Goldman Sachs has a consensus price target of $187.48.
OneMain Holdings Inc. (NYSE: OMF) was last seen down 47% at $17.25 on Tuesday after earnings. OneMain was maintained as Buy but the price target was cut to $30 from $40 (versus a $20.11 close) at Jefferies. Wedbush Securities downgraded it to Neutral from Outperform, and the price target was cut to $30 from $45 as well. Merrill Lynch slashed its rating to Underperform from Buy with a $21 price objective. The 52-week range is $18.55 to $49.56, and the prior consensus price target was $40.91.
Priceline Group Inc. (NASDAQ: PCLN) was reiterated as Buy and the price target was raised to $1,800 from $1,700 (versus a $1,480.33 close) at Jefferies. JMP Securities reiterated its Outperform rating, and the price target was raised to $1776. UBS maintained its Neutral rating and $1,600 target. The 52-week range is $954.02 to $1,501.79.
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Other key analyst upgrades and downgrades were seen as follows:
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