Investing

Top Analyst Upgrades and Downgrades: American Tower, Darden Restaurants, FedEx, Hasbro, Parker-Hannifin, Wells Fargo and More

The futures traded slightly higher Monday morning, as Wall Street not only keeps a sharp eye on what will be a huge week for second-quarter earnings, but the political world is focused on President Trump’s meeting in Helsinki with Russian President Vladimir Putin. The trend of buying the dips has not worked as well for investors as it has in prior years, and many have been considering how they want their investments positioned for the longer term.

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 the top analyst reports cover stocks to buy. Other calls cover stocks to sell or to avoid.

Additional color and commentary have 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 Monday, July 16, 2018.

American Tower Corp. (NYSE: AMT) was downgraded to Neutral from Buy at Guggenheim. The 52-week trading range for the cell tower giant is $130.37 to $155.28, and the Wall Street consensus price target is $158.50. The stock closed Friday’s trading at $143.23 a share.

Azul S.A. (NYSE: AZUL) was started with a Buy rating at Goldman Sachs. The 52-week trading range for the South American airline is $15.53 to $35.05, and the consensus price target for the stock is $31. The shares have been hit hard this year, and they closed Friday at $17.08.

Darden Restaurants Inc. (NYSE: DRI) was downgraded to Hold from Buy at Maxim Group, and the firm has a $112 price target after the stock hit its price target last Friday. The consensus price target is $113.35. The stock closed Friday at $112.09 and has been on fire since May.

Eidos Therapeutics Inc. (NASDAQ: EIDX) was started with an Overweight rating and a $32 price target at Barclays. JPMorgan also started the company at Overweight with a $36 target. The company had an IPO in late June, and shares have traded between $18.10 and $24.75 since pricing. The stock closed Friday at $20.77.

FedEx Corp. (NYSE: FDX) was downgraded to Neutral from Buy at UBS. The shipping and delivery giant has traded in a 52-week range of $203.13 to $274.76, and the consensus price target is $287.32. The shares ended trading last Friday at $233.75.

Hasbro Inc. (NYSE: HAS) was downgraded to Underperform from Market Perform at BMO Capital Markets. Over the past year, the shares have traded between $79 and $116.20. The consensus price target for the toy and game giant is $98.71. The stock ended Friday at $96.52 a share.

Parker-Hannifin Corp. (NYSE: PH) was downgraded to Neutral from Buy at Goldman Sachs. The stock has traded in a 52-week range of $152.47 to $212.80. The consensus price target is $191.36, and the stock ended trading at $161.51 on Friday.

Sally Beauty Holdings Inc. (NYSE: SBH) was downgraded to Underperform from Neutral at Merrill Lynch. The stock has traded in a 52-week range of $14.05 to $21.36, and the consensus price target is $15.65. Shares were last seen trading at $16.37 apiece.