Stocks were indicated lower on Friday morning, with most of Florida now right in the crosshairs of Hurricane Irma. Investors should keep in mind that the major stock indexes still remain close to all-time highs. They should also consider that investors have kept managing to find new reasons to buy stocks after every sell-off. Many of those same investors are also looking for new investing and trading ideas to generate gains and income.
24/7 Wall St. reviews dozens of analyst research reports each day of the week. Our goal is to find new investing and trading ideas for our readers. Some of the top analyst reports cover stocks to buy, while others are reiterations of ratings with target changes. And some of these analyst calls even cover stocks to sell or 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 Friday, September 8, 2017.
Capital One Financial Corp. (NYSE: COF) was downgraded to Equal Weight from Overweight and the target price was cut to $83 from $97 (versus a $78.23 prior close) at Morgan Stanley. Capital One has a 52-week trading range of $69.49 to $96.92 and a consensus analyst target price of $95.79.
Chipotle Mexican Grill Inc. (NYSE: CMG) was downgraded to Underperform from Market Perform with a $250 price target (versus a $317.25 close) at Cowen. Chipotle has a 52-week range of $296.00 to $499.00, and it had a consensus analyst target of $386.48. Shares were indicated down 2.3% at $310.00 after the downgrade, and this $250 target now matches the street-low estimate from analysts.
Electronic Arts Inc. (NASDAQ: EA) was started with a Buy rating and assigned a $136 price target (versus a $118.93 close, after a 1.6% gain) at Goldman Sachs. It has a 52-week range of $73.74 to $122.79 and a consensus target price of $124.81.
E*Trade Financial Corp. (NASDAQ: ETFC) was started as Overweight with a $45 price target (versus a $39.49 close) at Barclays. The 52-week range is $25.96 to $42.19. The consensus analyst target is $45.36.
Mastercard Inc. (NYSE: MA) has seen several target price adjustments. Barclays raised its target to $148 from $142. Credit Suisse raised its target to $145 from $128. Instinet raised its price target to $163 from $153. KBW raised its target price to $157 from $149, and Mizuho raised its target to $140 from $130.
PepsiCo Inc. (NYSE: PEP) was downgraded to Neutral from Outperform and the price target was cut to $124 from $126 at Credit Suisse. The firm believes that the risk-reward on PepsiCo is now balanced after the stock has appreciated 11% over the past year and with an accelerated decline of the U.S. beverage business.
Walt Disney Co. (NYSE: DIS) was weak on Thursday and closed down 4.4% at $97.06 on more lower guidance, and its chart and metrics point to perhaps as low as $90 based on recent selling pressure inflection points. Disney shares were maintained as Hold with a $110 price target at Jefferies. Merrill Lynch maintained its Buy rating and $120 price target, noting near-term pain for long-term gains. Disney shares have a 52-week range of $90.32 to $116.10.
Zynga Inc. (NASDAQ: ZNGA) was started as Neutral with a $3.90 price target (versus $3.69 close, after a 2.2% gain) at Goldman Sachs. Zynga has a 52-week range of $2.40 to $3.86 and a consensus target price of $4.18.
Other key analyst calls were seen in the following: