Top Analyst Upgrades and Downgrades: Altria, Apple, Discovery, DowDuPont, JPMorgan, Red Hat, T-Mobile and More
Stocks were indicated marginally higher on Tuesday morning. Despite three days of selling, the markets did just hit all-time highs again last week. The primary trend that has dominated this eight-year bull market is that investors keep finding new reasons to buy stocks every time the market has sold off. Investors also are 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 these key analyst reports cover stocks to buy. Other analyst reports 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 Tuesday, September 26, 2017.
Altria Group Inc. (NYSE: MO) was raised to Outperform from Market Perform and the price target was raised to $71 from $64 (versus a $63.79 prior close) at Cowen. Its shares were indicated up 0.7% at $64.23 on Tuesday, versus a 52-week trading range of $60.01 to $77.79 and with a consensus analyst target price of $71.69.
Apple Inc. (NASDAQ: AAPL) was reiterated as Outperform and the price target was raised to $180 from $170 at Raymond James. Apple has a 52-week range of $104.08 to $164.94 and consensus price target of $172.69.
Discovery Communications Inc. (NASDAQ: DISCA) was raised to Neutral from Sell at UBS. It has a 52-week range of $20.14 to $30.25 and a consensus price target of $25.65.
DowDuPont Inc. (NYSE: DWDP) was started as Hold and assigned a $66 price target at HSBC Securities. The stock closed up 0.54% at $70.34 on Monday and its adjusted range of the past year is shown to be $51.60 to $70.70. The consensus price target is $77.89.
JPMorgan Chase & Co. (NYSE: JPM) was downgraded to Hold from Buy but the price target was raised to $96 from $90 at Deutsche Bank. Instinet raised its target price slightly to $87 from $86 in another bank sector call. JPMorgan has a 52-week range of $65.11 to $95.37 and a consensus price target of $95.12.
Red Hat Inc. (NYSE: RHT) was down 0.5% at $105.76 ahead of Monday’s earnings, but the stock was indicated up 4.5% at $110.50 on Tuesday morning. Many brokerages have raised their target prices but most ratings were already positive with a prior $111.32 consensus target price. Barclays raised target to $122 (Overweight), BMO Capital Markets raised its target to $128 (Outperform), Credit Suisse (Neutral) raised its target to $113, Cowen raised its target to $120 (Buy), Jefferies raised its target to $100 (Hold), JPMorgan raised its target to $117 (Overweight), Oppenheimer raised its target to $125 (Outperform), Robert W. Baird raised its target to $115 (Neutral) and Stifel raised its target to $125 (Buy).
T-Mobile US Inc. (NASDAQ: TMUS) was highlighted by Jefferies now after reports that it and Sprint have advanced with due diligence to create a much stronger number-three player with massive synergies. While regulatory remains uncertain (but not of the question), Jefferies feels that T-Mobile is valuable on a standalone basis as is, but it sees the combined company worth about $90 in a deal scenario — or about 43% above the current price.
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Other key analyst upgrades and downgrades were seen in the following: