After a huge sell-off on Monday, the stock market managed to recapture a good portion of its gains on Tuesday. Now shares have traded all over on Wednesday, with some stocks up and some lower. Investors are digesting how certain volatility trades exacerbated the market’s losses this week. They also are keeping in mind that the bull market is almost nine years old, many of the corporate fundamentals are still improving, and the trend that seems to keep working is to buy the pullbacks. Now the investing public has to decide how it wants to be positioned for the rest of 2018 and beyond after feeling the first sense of panic in about two years.
24/7 Wall St. reviews dozens of analyst research reports each day of the week. The goal is to find new ideas for investors and traders alike. Some of these analyst reports and research reports cover stocks to buy. Other reports cover stocks to sell or to avoid.
Additional color and commentary has been added on most of the daily analyst reports. The consensus analyst price targets mentioned and other valuation metrics are from the Thomson Reuters sell-side research service.
These were the top analyst upgrades, downgrades and other research calls from Wednesday, February 7, 2018.
AGCO Corp. (NYSE: AGCO) was raised to Neutral from Underweight at JPMorgan. Its shares closed down 4.7% at $67.30 on Tuesday, in a 52-week trading range of $58.00 to $75.95.
AT&T Inc. (NYSE: T) was reiterated as Buy with a $48 price target (versus a $36.83 prior close) at Argus. The independent research firm sees strategic acquisitions and the lower corporate tax rate boosting after-tax earnings, both helping shareholders.
CA Inc. (NASDAQ: CA) was reiterated as Buy with a $40 target price (versus a $33.70 close) at Argus. The independent research firm noted that CA is seeing a better trend in its bookings.
Callaway Golf Co. (NYSE: ELY) was raised to Neutral from Sell with a $13.50 target price (versus a $14.59 close) at Compass Point.
Canadian Natural Resources Ltd. (NYSE: CNQ) was downgraded to Market Perform from Outperform at Wells Fargo.
Charles Schwab Corp. (NYSE: SCHW) was downgraded to Sell from Neutral with a $49 price target (versus a $52.86 close) at Citigroup. Credit Suisse maintained its Outperform rating on Schwab.
Chipotle Mexican Grill Inc. (NYSE: CMG) was last seen down 8% at $280.00 after earnings and Tuesday’s closing bell, but its shares had been up 1.3% at $304.33 ahead of the report. Wedbush Securities maintained its Neutral rating and $285 price target. Stifel downgraded Chipotle to Sell from Hold with a $250 price target.
Church & Dwight Co. (NYSE: CHD) was raised to Outperform from Perform at Oppenheimer.
Cisco Systems Inc. (NASDAQ: CSCO) was started as Buy and assigned a $48 price target (versus a $40.17 close) at Goldman Sachs. With a 3.6% gain to $40.17 on Tuesday, Cisco has a 52-week range of $30.36 to $42.98, and it had a consensus analyst target price of $41.23.
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