Top Analyst Upgrades and Downgrades: Albermarle, Blue Apron, Box, Dish Network, GM, Transocean, Under Armour and More
Stocks were looking for direction on Monday morning after hitting all-time highs last week. The primary trend that has dominated this eight-year bull market is that investors keep finding new reasons to buy stocks after every market sell-off. 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 to find new investing and trading ideas for our readers. Some of the top analyst reports cover stocks to buy. Other calls cover stocks to sell or to avoid.
Additional color and commentary has been added on some of these daily analyst calls. The 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 Monday, September 25, 2017.
Albemarle Corp. (NYSE: ALB) was downgraded to Neutral from Outperform with a $135 price target at Robert W. Baird, with a valuation call coming after a huge run. Its shares closed at $134.29 on Friday and were indicated down 1.1% at $132.75 on Monday. Albermarle had a 52-week trading range of $76.32 to $136.95 and a consensus analyst target price of $126.12.
Blue Apron Holdings Inc. (NYSE: APRN) was started with a Buy rating and assigned a $9 price target (versus a $51.9 prior close) at Guggenheim. Blue Apron shares were indicated up 3% at $5.35 on Monday, in a post-IPO range of $5.00 to $11.00 and with a consensus target price of $6.50.
Box Inc. (NYSE: BOX) was raised to Outperform from Market Perform at Raymond James. Shares closed up 4% at $18.17 on Friday and were indicated to open up 2.2% at $18.57 on Monday. Box has a 52-week range of $13.56 to $20.91 and a consensus target price of $24.20.
Dish Network Corp. (NASDAQ: DISH) was reiterated as Buy with an $80 price target (versus a $53.26 close) at Jefferies, with the firm noting that the shares are oversold and are currently at a buying opportunity. Dish Network has a 52-week range of $52.14 to $66.50 and a consensus target price of $73.22.
General Motors Co. (NYSE: GM) was raised to Buy from Hold with a $51 price target at Deutsche Bank. GM shares closed up 0.8% at $39.42 on Friday and were indicated up 1.6% at $40.07 on Monday. The 52-week range is $30.21 to $39.54, and the consensus target price was $38.87.
Transocean Ltd. (NYSE: RIG) was raised to Buy from Neutral at UBS. Shares closed up 2.6% at $9.32 on Friday and were indicated up another 4.8% at $9.77 on Monday. Transocean has a 52-week range of $7.20 to $16.66 and a consensus analyst target of $10.83.
Under Armour Inc. (NYSE: UAA) was raised to Overweight from Sector Weight with a $20 price target (versus a $16.41 close) at KeyBanc Capital Markets. It has a 52-week range of $15.92 to $40.02, and the consensus target price is $19.68.
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Other key analyst upgrades and downgrades were seen in the following:
AbbVie Inc. (NYSE: ABBV) was downgraded to Neutral from Buy with a $92 price target (versus an $87.48 close) at UBS.
American Outdoor Brands Corp. (NASDAQ: AOBC) was raised to Outperform from Neutral with a $19.50 price target (versus a $15.01 close) at Wedbush Securities.