Top Analyst Upgrades and Downgrades: Bunge, Carbonite, FedEx, Kinder Morgan, Micron, Monster Beverage, Teva, Western Digital and More

March 28, 2019 by Jon C. Ogg

Stocks were indicated to open marginally lower on Thursday morning, and the market has felt a bit directionless of late while it awaits a trade deal with China. Investors need to consider how they want their investments and assets positioned for the rest of the year and beyond.

24/7 Wall St. reviews dozens of analyst research reports each day of the week in an effort to find new trading and investing ideas for our readers. Some of the daily analyst reports cover stocks to buy, while others to sell or stocks to avoid.

Additional commentary and trading data have been added on some of the daily analyst reports. The consensus analyst price targets and other valuation metrics are from the Refinitiv (Thomson Reuters) sell-side research service.

These are the top analyst upgrades, downgrades and initiations seen on Thursday, March 28, 2019.

Bunge Ltd. (NYSE: BG) was started with a Neutral rating and assigned a $60 target price (versus a $51.81 close) at JPMorgan. It has a consensus target price of $67.00.

Camping World Holdings Inc. (NYSE: CWH) was started with a Hold rating and a $15 target at Jefferies. The consensus target is higher at $18.39. The stock ended Wednesday at $14.18, up almost 3% on the day.

Carbonite Inc. (NASDAQ: CARB) was started with an Overweight rating and assigned a $30 target price (versus a $24.86 prior close, after a 1.6% drop) at Barclays. The consensus target price is $37.50.

Cedar Fair L.P. (NYSE: FUN) was reiterated with a Buy rating at B. Riley FBR, which lowered its target price to $60 from $61. That compares with a consensus target of $61.22. The amusement park chain closed Wednesday at $53.14 a share.

Cheniere Energy Inc. (NYSE: LNG) saw its price target raised to $87 from $84 at Goldman Sachs, and the shares were also added to the firm’s Conviction Buy List. The Goldman Sachs target compares to the consensus target of $78.38. Shares ended trading Wednesday at $66.44 and were up slightly in the premarket.

FedEx Corp. (NYSE: FDX) was downgraded to Neutral from Positive at Susquehanna. After closing up 0.5% at $176.09 on Wednesday, its shares were indicated down 1.2% at $174.00 on Thursday. FedEx has a consensus target price of $221.40.

Five Below Inc. (NASDAQ: FIVE) was reiterated as Buy and was added to the prized Conviction Buy List with a $147 price target (versus a $120.01 prior close) at Goldman Sachs. The consensus analyst target is $132.12, and the shares were indicated up 5% at $126.00 in early trading on Thursday.

Kinder Morgan Inc. (NYSE: KMI) was maintained as Buy at Goldman Sachs, but the firm removed it from the prized Conviction Buy list. This call is a day after Citigroup downgraded it to Neutral from Buy. Kinder Morgan closed down 0.5% at $19.98 on Wednesday, and the consensus target price was $21.47.

Medicines Co. (NASDAQ: MDCO) was started with an Outperform rating and assigned an $80 price target (versus a $26.97 close) at Robert W. Baird.