Investing

Top Analyst Upgrades and Downgrades: ADM, Boeing, Hess, LogMeIn, NetApp, Sunrun, United Continental, Valeant, XPO and More

Stocks were weak on Friday morning ahead of the unemployment and payrolls report, due to an expanded potential of $100 billion more in tariffs against China. The market has been swinging up and down, the bull market is now over nine years old, and the trend of buying pullbacks has become much more vulnerable to sellers and volatility trades. All this is making it harder for investors to decide how they want their assets positioned for the rest of 2018 and beyond.

24/7 Wall St. reviews dozens of analyst research reports each day of the week. Our goal is to find new ideas for investors and traders alike. Some analyst reports cover stocks to buy. and some 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 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 Friday, April 6, 2018.

Archer Daniels Midland Co. (NYSE: ADM) was maintained as Neutral but the price target was raised to $42 from $40 at Credit Suisse, with the firms raising 2018 earnings estimates but remaining under consensus. ADM has a 52-week trading range of $38.59 to $45.91 and a consensus target price of $56.46.

Banc of California Inc. (NYSE: BANC) was downgraded to Underperform and the price objective was cut to $19 at Merrill Lynch. The firm sees elevated execution risk as management works toward achieving its strategic targets.

Boeing Co. (NYSE: BA) was maintained as Outperform at RBC Capital Markets, but the firm did cut the price target to $358 from $378. Shares closed up 2.7% at $336.40 on Thursday but were indicated down 2.4% at $328.40 on Friday morning. 24/7 Wall St. just outlined what the actual China exposure really is this week, and analysts defended Boeing on tariff exposure on Thursday.

Chubb Ltd. (NYSE: CB) was started with a Hold rating after its ACE merger at Argus. The firm did note that while Chubb’s costs have increased, it expects the company to benefit from a better underwriting environment, better economic conditions and lower U.S. corporate taxes.

Extraction Oil & Gas Inc. (NYSE: XOG) was maintained as Outperform at Credit Suisse, but the firm lowered its price target to $17 from $20 after lowering estimates. The 52-week range is $10.28 to $18.95, and the consensus analyst target is $19.80.

Heartland Express Inc. (NASDAQ: HTLD) was started as Hold with a $17 target price at Stifel.

Hess Corp. (NYSE: HES) was reiterated as Buy with a $70 price objective (versus a $52.54 prior close) at Merrill Lynch. The firm sees Hess gaining traction as its investment case inflects in 2018 with positives coming from share buybacks, disposals, operating margin improvements and a strategy shift in the Bakken. The firm also noted that the stock remains one of its leading ideas. The 52-week range is $37.25 to $55.48. The consensus target price is $55.31.

Hub Group Inc. (NASDAQ: HUBG) was started as Hold with a $45 target price at Stifel.

Infosys Ltd. (NYSE: INFY) was started with a Sell rating and assigned a $14 price target (versus a $17.87 close) at Berenberg. It has a 52-week range of $13.88 to $18.71 and a consensus target price of $17.05.

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