Stocks have returned to a period of volatility, but Tuesday’s selling pressure has been mostly mitigated as futures stabilized on Wednesday’s early trading hours. The trend that has worked without fail for roughly six years has been to buy the dips for a snapback rally. We also have to consider that the bull market is now just about two weeks shy of being nine years old. Investors still have to decide how they want to be positioned for 2018 and beyond.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new ideas for investors and traders alike. Some analyst reports and research reports cover stocks to buy. Others 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 21, 2018.
Allstate Corp. (NYSE: ALL) was reiterated as Buy with a $110 price target at Argus, with the independent research firm noting strong fourth-quarter earnings.
Anthera Pharmaceuticals Inc. (NASDAQ: ANTH) was started with a Buy rating and assigned a $10 price target at Roth Capital. Shares closed at $1.69 on Tuesday but were indicated up 9.5% at $1.85 on Wednesday morning after the call. Anthera has a 52-week trading range of $1.20 to $6.24, and investors should consider that its market cap is a mere $23.5 million.
Capital One Financial Corp. (NYSE: COF) was downgraded to Neutral from Buy with a $109 price target (versus a $98.47 prior close) at Instinet.
CF Industries Holdings Inc. (NYSE: CF) was started as Outperform and assigned a $60 price target (versus a $41.82 close) at Bernstein.
Charter Communications Inc. (NASDAQ: CHTR) was reiterated as Buy and the price target was kept at $450 at Argus.
ConforMIS Inc. (NASDAQ: CFMS) was down 4.1% at $1.39 on Tuesday, but its stock was up almost 8% at $1.50 on Wednesday morning after Cowen started coverage as Outperform with a $4 price target. The 52-week range is $1.15 to $5.98, and the market cap is a mere $82 million.
Domino’s Pizza Inc. (NYSE: DPZ) was reiterated as Outperform and the price target was raised to $240 from $230 at Oppenheimer. Credit Suisse reiterated its Outperform rating and raised its target price to $245 from $235.
EPAM Systems Inc. (NYSE: EPAM) was downgraded to Neutral from Outperform at Credit Suisse, but the price target of $130 compared with a $113.85 close.
Finish Line Inc. (NASDAQ: FINL) was down 6% at $9.54 on Tuesday but was indicated up 4.8% at $10.00 on Wednesday. Finish Line shares were raised to Neutral from Underperform at Buckingham Research.
Home Depot Inc. (NYSE: HD) was maintained as Outperform but the price target was cut to $217 from $220 (versus a $186.71 close) at Telsey Advisory. Wedbush Securities maintained a Neutral rating and $190 price target. Home Depot was reiterated as Buy and the price target was raised to $215 at Argus.
LendingClub Corp. (NYSE: LC) was maintained as Neutral but the price target was cut to $5.00 from $5.60 at Credit Suisse. Wedbush maintained its Neutral rating and $4 price target.
Mosaic Co. (NYSE: MOS) was raised to Overweight from Neutral with a $30 target price (versus a $26.76 close) at JPMorgan.
Okta Inc. (NASDAQ: OKTA) was reiterated as Outperform and the price target was raised to $40 from $34 (versus a $35.84 close) at Oppenheimer.
Palo Alto Networks Inc. (NYSE: PANW) was raised to Positive from Neutral with a $195 price target (versus a $162.92 close) at Susquehanna.
Quotient Technology Inc. (NYSE: QUOT) was started as Outperform and assigned a $16 target price (versus a $13.30 close) at Oppenheimer.
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