Investing
Top Analyst Upgrades and Downgrades: Agilent, Alphabet, Amazon, Apple, Citigroup, Facebook, JPMorgan, Mattel, Netflix and More
April 11, 2018 8:55 am
Last Updated: January 12, 2020 1:33 am
Stocks surged on Tuesday as trade war fears abated, but tweets about sending missiles at Syrian targets and the Russia implications had futures lower on Wednesday. The bull market is now over nine years old, and it has become more obvious that the trend of buying pullbacks has become much more vulnerable to sellers, volatility and each major news headline. All in all, it is making it more difficult 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 Wednesday, April 11, 2018.
AeroVironment Inc. (NASDAQ: AVAV) was raised to Buy from Hold at Stifel.
Agilent Technologies Inc. (NYSE: A) was maintained as Overweight at Morgan Stanley, but the price target was cut to $91 from $95 (versus a $66.64 prior close).
Agios Pharmaceuticals Inc. (NASDAQ: AGIO) was reiterated as Outperform and the price target was raised to $95 from $80 (versus an $83.46 close) at Credit Suisse.
Alphabet Inc. (NASDAQ: GOOGL) has a new analyst covering the stock at Monnes Crespi Hardt, and coverage was assumed as Buy, and the parent of Google was assigned a $1,280 price target. The stock closed up 1.6% at $1,036.50 a share on Tuesday and was indicated down 0.9% at $1,027 on Wednesday.
Amazon.com Inc. (NASDAQ: AMZN) also has a new analyst covering the stock at Monnes Crespi Hardt, and coverage was assumed as Buy and with a $2,000 price target. Amazon shares closed up 2.1% at $1,436.22 on Tuesday but were indicated down 0.5% at $1,423 on Wednesday. The consensus target price is $1,670.65.
Apple Inc. (NASDAQ: AAPL) was started as Buy with a $235 price target at Monnes Crespi Hardt. The stock closed up 1.9% at $173.25 on Tuesday but was indicated down 0.6% at $172.15 on Wednesday. Its consensus target price was $191.85.
BHP Billiton Ltd. (NYSE: BHP) was raised to Buy from Hold at Deutsche Bank.
Citigroup Inc. (NYSE: C) was raised to Buy from Hold and the price target was raised to $85 from $82 at HSBC.
eBay Inc. (NASDAQ: EBAY) was started as Overweight and assigned a $50 price target at KeyBanc Capital Markets.
Facebook Inc. (NASDAQ: FB) has a new analyst covering the stock at Monnes Crespi Hardt, and coverage was assumed as Buy with a $200 price target. Facebook closed up 4.5% at $165.04 after Zuckerberg’s Senate testimony went better than expected. The shares were indicated down 0.7% at $163.85 on Wednesday.
LM Ericsson PLC (NASDAQ: ERIC) was started as Hold at Berenberg, and while it is expected to win from 5G, the firm sees the roll-outs not impacting shares until 2020 or so.
Globalstar Inc. (NASDAQ: GSAT) was started as Equal Weight and assigned a $70 price target at Morgan Stanley.
Goldcorp Inc. (NYSE: GG) was reiterated as Hold but the price target was raised to $16.50 from $16.00 (versus a $14.00 close) at Deutsche Bank.
Harley-Davidson Inc. (NYSE: HOG) was maintained as Neutral with a $44 price target (versus a $42.38 close) at Wedbush Securities. The firm noted a continued retail decline and trade concerns weighing on the risk/reward.
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