Top Analyst Upgrades and Downgrades: Alcoa, Broadcom, Disney, Dow, Lyft, Netflix, Roku, Wingstop, Xilinx and More
Stocks closed up big the first day of the second quarter, after the Dow Jones industrials were already up 11% and the S&P 500 was up 13% in the first quarter alone. Tuesday’s markets were far less aggressive, with very mixed indications, but the futures had recovered from their lows. Investors need to be considering 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. Our goal is to find new trading and investing ideas for our readers. Some of the daily analyst reports cover stocks to buy, while some cover stocks 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 Tuesday, April 2, 2019.
Alcoa Corp. (NYSE: AA) was downgraded to Neutral from Outperform with a $31 price target at Credit Suisse. The stock closed up 4.6% at $29.46 on Monday, in a 52-week range of $25.01 to $62.35 and with a consensus target price of $40.08.
Anheuser-Busch InBev S.A./N.V. (NYSE: BUD) was started with an Equal Weight rating at Barclays.
AstraZeneca PLC (NYSE: AZN) was downgraded to Sell from Neutral at UBS.
Broadcom Inc. (NASDAQ: AVGO) was reiterated as Overweight and the price target was raised to $335 from $310 (versus a $305.79 prior close) at KeyBanc Capital Markets. Broadcom’s consensus target price was $307.03, and its 52-week trading range is $197.46 to $306.75.
Coty Inc. (NYSE: COTY) was downgraded to Neutral from Buy at Citigroup. After closing down 1.9% at $11.28 on Monday, the stock has a 52-week range of $5.91 to $18.75 and a consensus target price of $10.94.
Dow Inc. (NYSE: DOW) is now trading after the split up of DowDuPont, and it was started with a Buy rating and given a $62 price target at Deutsche Bank.
Exelon Corp. (NYSE: EXC) was raised to Outperform from Market Perform at Wells Fargo. After closing at $49.84 on Monday, it has a 52-week range of $37.45 to $50.85 and a consensus target price of $49.74.
Gentex Corp. (NASDAQ: GNTX) was maintained as Outperform at BMO Capital Markets, but the firm lowered its target price to $25 from $26. Shares closed up 2.1% at $21.12 on Monday, with a consensus target price of $21.13 and a 52-week trading range of $17.80 to $25.41.
Hostess Brands Inc. (NASDAQ: TWNK) was raised to Buy from Hold at Deutsche Bank. After closing up 1.8% at $12.73 on Monday, it was indicated up another 2.9% at $13.10 on Tuesday, and it has a 52-week range of $9.86 to $14.98.
Intuitive Surgical Inc. (NASDAQ: ISRG) was started with a Buy rating and assigned a $630 price target (versus a $575.54 close) at Deutsche Bank. The consensus target price is $578.06, and the 52-week trading range is $393.57 to $581.12.
Laboratory Corp. of America Holdings (NYSE: LH) was raised to Buy from Hold at Jefferies.