Stocks were indicated to open higher yet again on Tuesday for all-time highs on the Dow and S&P 500. The one theme that has persisted through all the caution and worrying is that investors keep finding new reasons to buy the major indexes after each and every single sell-off. The eight-year-old bull market is still charging. Investors are also searching for new investing and trading ideas.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new investing and trading ideas for our readers. Some analyst reports cover stocks to buy and some cover stocks to sell or to avoid.
Additional color and commentary has been added on most of the daily analyst calls. Consensus analyst price target data are from the Thomson Reuters sell-side research service.
These were the top analyst upgrades, downgrades and other research calls from Tuesday, August 1, 2017.
American Airlines Group Inc. (NASDAQ: AAL) was raised to Overweight from Neutral with a $61 price target (versus a $50.44 prior close) at JPMorgan. This is just a day after the stock was raised to Outperform from Market Perform with a $57 price target at Cowen. American Airlines has a 52-week trading range of $33.00 to $54.48, and it previously had a consensus analyst target price of $58.06.
Boeing Co. (NYSE: BA) was reiterated as Buy and the target price was raised to $270 at Argus. Boeing saw many analysts upgrade their ratings and raise their target prices last week, and the stock has had one of its longest runs in years now. Boeing has a 52-week range of $126.31 to $246.49 and a consensus price target of $246.85.
Cabot Oil & Gas Corp. (NYSE: COG) was raised to Overweight from Equal Weight with a $31 target price (versus a $24.87 close) at Morgan Stanley. Cabot shares have a 52-week range of $20.02 to $26.74, and the consensus target price is $28.65.
Pandora Media Inc. (NYSE: P) was down 5.5% at $8.95 ahead of earnings and was down another 4.4% at $8.55 afterward. Credit Suisse maintained its Neutral rating. Wedbush reiterated its Outperform rating and kept its $15 target in place. Stifel maintained its Buy rating but cut Pandora’s price target to $12 from $14. Pandora has a 52-week range of $6.76 to $14.98 and a consensus price target of $11.72.
Southern Co. (NYSE: SO) was raised to Buy from Hold with a $52 price target (versus a $47.93 close) at Deutsche Bank. Southern has a 52-week range of $46.20 to $53.73 and a consensus price target of $50.62.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) was reiterated as Buy and the price target was raised to $175 at Argus. Vertex has a 52-week range of $71.46 to $167.86 and a consensus price target of $178.22.
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Other key analyst calls were seen in the following: