Stocks are coming off of a miserable week, but the futures were marginally positive on Monday morning. Investors have seen less upside from buying immediately after the big market sell-offs than in prior years, and now they have to consider how they want their investments and assets positioned for 2019.
24/7 Wall St. reviews dozens of analyst research reports each day to find new ideas for investors and traders alike. Some of these analyst reports cover stocks to buy, while others 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 are the top analyst upgrades, downgrades and initiations seen on Monday, December 10, 2018.
Albemarle Corp. (NYSE: ALB) was raised to Buy from Hold with a $112 price target (versus an $88.65 prior close) at HSBC. It had a consensus analyst target of $123.31 and a 52-week trading range of $86.75 to $138.76. Its shares were indicated up almost 1% at $89.50, after falling 2.8% to $88.65 on Friday.
Alliance Data Systems Corp. (NYSE: ADS) was raised to Outperform from Market Perform with a $240 price target (versus a $180.44 close, after a 3.6% drop) at BMO Capital Markets.
Apache Corp. (NYSE: APA) was raised to Buy from Neutral but the price target was lowered to $34 from $39 at Seaport Global. The 52-week range is $32.96 to $50.03, and the consensus target price is $47.52.
Capital One Financial Corp. (NYSE: COF) was raised to Outperform from Neutral with a $101 price target (versus an $82.67 close) at Robert W. Baird. It had a consensus target price of $113.59, and the 52-week trading range is $81.85 to $106.50.
Comerica Inc. (NYSE: CMA) was downgraded to Neutral from Buy and the target was lowered to $84 from $107 at B. Riley FBR. Shares closed down 1.5% at $74.03 on Friday and were indicated another 0.7% at $73.59 on Monday. The consensus target price was $98.37.
CoreSite Realty Corp. (NYSE: COR) was downgraded to Hold from Buy with a $102 price target (versus a $97.19 close) at Jefferies.
Digital Realty Trust Inc. (NYSE: DLR) was raised to Buy from Hold and the target price was raised to $136 from $124 (versus a $115.72 close) at Jefferies.
Equinix Inc. (NASDAQ: EQIX) was raised to Buy from Hold and the target price was raised to $479 from $454 (versus a $386.47 close) at Jefferies.
Fortune Brands Home & Security Inc. (NYSE: FBHS) was raised to Buy from Neutral with a $54 target price (versus a $42.59 close) at Goldman Sachs.
JELD-WEN Holding Inc. (NYSE: JELD) was downgraded to Neutral from Buy with a $20 target price (versus a $16.89 close) at Goldman Sachs.
KeyCorp (NYSE: KEY) was downgraded to Reduce from Neutral with a $16 target price (versus a $16.73 close) at Nomura/Instinet.
Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS), which was recently the subject of buyout rumors, was raised to Buy from Neutral with a $20 target price (versus a $13.64 close) at Goldman Sachs.
Lowe’s Companies Inc. (NYSE: LOW) was maintained as Neutral with a $95 price target at Wedbush Securities ahead of this week’s analyst day.