Stocks were taking a needed breather on Thursday. While the market had recovered, the Dow Jones industrial average had seen a bounce of 1,250 points from the lows of January 3, 2019. Investors have become used to the notion that buying the sell-offs has come with less reward, or even more losses, than in prior years. It has made it more difficult to position assets for the long haul when there has been so much volatility.
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 Thursday, January 10, 2019.
Bed Bath & Beyond Inc. (NASDAQ: BBBY) was maintained at Neutral and the price target was lowered to $14 from $15 at Wedbush Securities. The firm called it a weak quarter with a low-quality beating of earnings estimates. After closing up 4% at $12.26 on Wednesday, this stock was indicated up 15% at $14.10 on Thursday.
Boeing Co. (NYSE: BA) was started as Positive and assigned a $388 target price (versus a $343.83 prior close) at Susquehanna. Boeing’s 52-week range is $292.47 to $394.28, and its consensus target price is $417.60.
Builders FirstSource Inc. (NASDAQ: BLDR) was downgraded to Neutral from Buy and the target price was lowered to $14 from $20 (versus a $12.93 close) at D.A. Davidson.
Connecticut Water Services Inc. (NASDAQ: CTWS) was started with a Market Perform rating at Wells Fargo. The most recent close of $66.43 compares with a consensus target price of $66.50.
Constellation Brands Inc. (NYSE: STZ) was down 12.4% at $150.94 on Wednesday after earnings and guidance disappointed, but its shares were indicated up almost 3% on Thursday. Goldman Sachs raised it to Buy from Neutral and Guggenheim raised it to Neutral from Sell. The 52-week range is $150.37 to $236.62.
Dell Technologies Inc. (NYSE: DELL) was started as Market Perform with a $48 price target (versus a $46.94 close) at BMO Capital Markets.
Dollar General Corp. (NYSE: DG) was started with an Outperform rating and assigned a target price of $126 (versus $115.50 close) at BMO Capital Markets.
Dollar Tree Inc. (NASDAQ: DLTR) was started with a Market Perform rating and assigned a target price of $98 (versus a $97.17 close) at BMO Capital Markets.
D.R. Horton Inc. (NYSE: DHI) was raised to Outperform from Market Perform and the target price was raised to $45 from $41 at Keefe Bruyette & Woods.
Envestnet Inc. (NYSE: ENV) was started with a Buy rating and assigned a $63 price target (versus a $51.39 close) at Buckingham Research.
Estee Lauder Companies Inc. (NYSE: EL) was downgraded to Market Perform from Outperform and the target price was lowered to $135 from $165 (versus a $127.83 close) at Wells Fargo.
General Dynamics Corp. (NYSE: GD) was started as Neutral at Susquehanna.
KB Home (NYSE: KBH) was maintained as Neutral but the price target was lowered to $22 from $23 (versus a $21.98 close) at Wedbush. The firm cited softer demand than had been expected and worries that a downward shift in price mix will lead to lower revenues.
Lockheed Martin Corp. (NYSE: LMT) was started with a Positive rating and assigned a $321 target price (versus a $270.54 close) at Susquehanna.