Stocks were indicated higher on Monday morning as yet another week of massive earnings reports is set. The investing community has had less success buying the dips in 2018 than in prior years. Many investors also are reconsidering how they want their investments positioned ahead of the midterm elections and during international trade concerns.
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 analyst reports cover stocks to buy and some cover stocks to sell or to avoid.
Additional commentary has been added on most of the daily analyst reports, along with trading history. 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 Monday, July 30, 2018.
Agnico Eagle Mines (NYSE: AEM) was raised to Outperform from Sector Perform at RBC Capital Markets.
Ally Financial Inc. (NYSE: ALLY) was raised to Buy with a $35 price target at Merrill Lynch.
American Airlines Group Inc. (NASDAQ: AAL) was raised to Outperform from Neutral at Macquarie.
Amgen Inc. (NASDAQ: AMGN) was reiterated as Neutral but the price target was raised to $200 from $188 at Citigroup.
AT&T Inc. (NYSE: T) was raised to Buy from Neutral with a $37 price objective (versus a $31.45 prior close) at Merrill Lynch. AT&T was indicated up 1.1% at $31.43 on Monday, in a 52-week range of $30.13 to $39.80.
Barrick Gold Corp. (NYSE: ABX) was downgraded to Sector Perform from Outperform at RBC Capital Markets.
BP PLC (NYSE: BP) was reiterated as Buy and the price target was raised almost 4% in overseas prices at HSBC. The analysts cited the BHP Billiton shale acquisition and called BP undervalued compared with a stronger growth and free-cash-flow profile against peers.
Cabot Oil & Gas Corp. (NYSE: COG) was raised to Positive from Neutral at Susquehanna.
Chesapeake Energy Corp. (NYSE: CHK) was reiterated as Sell but the price target was raised to $3.50 from $2.50 at Citigroup. Chesapeake shares closed up just 0.2% at $4.41 on Friday.
Chubb Inc. (NYSE: CB) was reiterated as Buy and the target price was raised to $157 from $151 at Citigroup.
Columbia Sportswear Inc. (NASDAQ: COLM) was reiterated as Buy and the target price was raised to $106 from $94 at Citigroup.