Investing

Top Analyst Upgrades and Downgrades: Cedar Fair, Enterprise Products, Foot Locker, Fitbit, Nike, Square, Tesla, Under Armour and More

The major equity indexes were set to open lower on Thursday due to more trade war and tariff concerns against China. Earnings are still deciding the direction of many companies. Investors have had less success buying the all the stock market dips in 2018 than in prior years. Many investors are also reconsidering how they want their investments positioned ahead of the midterm elections and with international trade concerns.

24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new investing ideas 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 Thursday, August 2, 2018.

Century Aluminum Co. (NASDAQ: CENX) was up 1.25% at $12.97 on Wednesday ahead of earnings but was indicated up 4% at $13.50 afterward. Deutsche Bank raised it to Buy from Hold with a $20 price target.

Cedar Fair L.P. (NYSE: FUN) was down 9.6% at $51.63 on Wednesday after earnings disappointed. KeyBanc Capital Markets maintained it as Overweight but cut the target price to $70 from $75.

Enterprise Products Partners L.P. (NYSE: EPD) was reiterated as Buy and the price target was raised to $34 from $32 (versus a $29.41 prior close) at Stifel.

Federal Realty Investment Trust (NYSE: FRT) was reiterated as Buy and the price target was raised to $135 from $130 (versus a $124.98 close) at Stifel.

Foot Locker Inc. (NYSE: FL) was started as Underweight and assigned a $44 price target (versus a $47.85 close, after a 2% drop) at Morgan Stanley.

Ferrari N.V. (NYSE: RACE) was raised to Equal Weight from Underweight and the price target was raised to $120 from $110 at Morgan Stanley. The shares closed down 11% at $118.00 on Wednesday, but this was a more than $140 stock just two weeks ago.

Fitbit Inc. (NYSE: FIT) was last seen up 2.5% at $6.07 after earnings. Stifel maintained Fitbit as Hold but raised the target to $6.00 from $5.50.

Generac Holdings Inc. (NYSE: GNRC) was maintained as Hold at Stifel, but the firm raised its target to $56 from $52 (versus a $54.47 close).

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