Top Analyst Upgrades and Downgrades: Baker Hughes, Ericsson, E*Trade, Halliburton, Nokia, SunPower, Taiwan Semi, Transocean and More

Investing

September 19, 2018 9:15 am

Last Updated: January 11, 2020 5:40 pm

LyondellBasell Industries N.V. (NYSE: LYB) was downgraded to Underweight from Neutral and the price target was lowered to $95 from $110 at JPMorgan. The stock closed down 1.3% at $102.10 the prior day, and it has a 52-week range of $95.51 to $121.95 and a consensus target price of $118.63.

Mechel PAO (NYSE: MTL) was raised to Neutral from Sell to Neutral but the price target was cut to $2.70 from $3.25 at Citigroup. Shares closed up 3.5% at $2.63 the prior day. The 52-week range is $2.30 to $5.60, and the consensus analyst target is $3.63.

Mobile Mini Inc. (NASDAQ: MINI) was started with a Buy rating and assigned a $53 price target at Berenberg. It closed up 1.1% at $42.50 the prior day and has a 52-week range of $31.85 to $50.40 and a consensus target price of $49.40.

Noble Corp. OLC (NYSE: NE) was started with an Underweight rating and was given a $6 target price (versus a $6.15 close, after a 3% gain) at Morgan Stanley.

Nokia Corp. (NYSE: NOK) was raised to Outperform from Neutral with a $6.50 price target at Credit Suisse. Yet, BNP downgraded it to Underperform from Neutral. The stock closed up 2.2% at $5.62 the prior day, and it has a 52-week range of $4.51 to $6.41 and a consensus target price of $6.58.

PetIQ Inc. (NASDAQ: PETQ) was reiterated as Outperform and the target was raised to $45 from $33 at Raymond James. It closed down just less than 1% at $41.77 the prior day. It has a 52-week range of $17.03 to $43.93 and a consensus target price of $40.67.

Select Income REIT (NYSE: SIR) was raised to Overweight from Equal Weight with a price target of $24 (versus a $20.51 close) at Morgan Stanley.

SunPower Corp. (NASDAQ: SPWR) was raised to Outperform from Neutral and the target price was raised to $10 from $8 at Credit Suisse. SunPower closed up 14.7% at $7.55 the prior day, and it has a 52-week range of $6.36 to $10.00 and a consensus target price of $8.12.

ALSO READ: 7 Large Companies That Easily Could More Than Double Their Dividends

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) was raised to Overweight from Equal Weight at Morgan Stanley. Its American depositary shares closed down almost 0.5% at $43.56 on Tuesday and were indicated up 0.8% at $43.90 on Wednesday.

Transocean Ltd. (NYSE: RIG) was raised to Outperform from Market Perform and assigned a $16 price target at Wells Fargo. Morgan Stanley started it as Overweight with a $15 price target, and that was after an upgrade was seen elsewhere on Tuesday as well. Shares closed up 2.9% at $11.93 on Tuesday. The 52-week range is $8.70 to $14.34, and the consensus price target is $12.61.

Vermilion Energy Inc. (NYSE: VET) was started with an Outperform rating at Raymond James. It closed up 2.3% at $32.09 the prior day, and it has a 52-week range of $30.17 to $40.59 and a consensus target price of $42.50.

Tuesday’s top analyst calls were in AMD, Apache, Gold Fields, Marvell, Micron, Oracle, Starbucks, Transocean, United Rentals, Walmart and many more.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.