The futures were trending higher this morning as investors and traders returned after the long Presidents Day weekend holiday. With earnings season for the most part over, many are looking to the Federal Reserve meeting next month and the possibility of an interest rates boost of an additional 25 basis points, or one-quarter of a percentage point. The February jobs report, which comes out next week, could have a big impact on the decision.
24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.
These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Apple Inc. (NASDAQ: AAPL) had its price target raised at Morgan Stanley to $154 from $150. The Wall Street consensus price target for the shares is $139.82, and the 52 week trading range for the stock is $89.47 to $136.27. Shares ended trading last Friday at $135.72.
Dynegy Inc. (NYSE: DYN) was resumed with a rating of Neutral at Goldman Sachs. The 52-week trading range for the utility is $7.01 to $22.01 a share, and the consensus price target is $13. Shares ended last week at $9.04.
Jagged Peak Energy Inc. (NYSE: JAG) had a recent initial public offering, and the stock was started with a rating of Buy and a price target of $19 at Goldman Sachs. The range for the shares since the IPO is $13.32 to $15.08. The stock closed Friday at $13.50.
Nokia Inc. (NYSE: NOK) was started with a Buy rating at Craig Hallum. The consensus price target for the former wireless giant is $5.83, and the 52 week range is $4.04 to $6.31. Shares closed Friday at $5.05.
REV Group Inc. (NASDAQ: REVG) was started with a rating of Outperform and a price target of $33 at Credit Suisse. Morgan Stanley started the stock with an Equal Weight rating and a $30 target. This company had an initial public offering last month and the consensus price targets are being established. The stock has traded in a range from $24.50 to $29.29 since the debut. The shares closed last Friday at $27.59.
ViaSat Inc. (NASDAQ: VSAT) was started with an Equal Weight rating at Barclays. The 52-week range for the shares is $63 to $82.19, and the consensus price objective is $68.29. The stock closed just below that level last Friday at $67.21.
Verizon Communications Inc. (NYSE: VZ) was raised to a Buy rating at a firm called MoffettNathanson. The 52-week range is $46.01 to $56.95, and the consensus price objective is $52.23. The stock closed last Friday at $49.19.
Other key analysts upgrades and downgrades were seen in the following:
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