Investing
Top Analyst Upgrades and Downgrades: Carbon Black, Etsy, Facebook, KeyCorp, Micron, Nio, Roku, Smart Sheet, Vail, Waste Management and More
April 4, 2019 8:50 am
Last Updated: January 30, 2020 10:29 pm
Stocks were looking for direction on Thursday despite U.S.-China trade talks reportedly entering their late stages. The market’s major indexes are still up double-digits year to date in 2019, and the S&P 500 is within striking distance of all-time highs again. 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 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, April 4, 2019.
Altaba Inc. (NASDAQ: AABA) was downgraded to Neutral from Overweight at JPMorgan.
Brighthouse Financial Inc. (NYSE: BHF) was downgraded to Sell from Neutral and its target was lowered to $35 from $39 (versus a $37.30 prior close) at Citigroup. It had a consensus target price of $41.69, and it is down from a 52-week high of $52.77.
Carbon Black Inc. (NASDAQ: CBLK) was started with an Outperform rating and assigned a $20 target price (versus a $14.02 close) at Robert W. Baird. The data security company with the Predictive Security Cloud was up 7% at $15.00 after the call, and its 52-week range is $11.80 to $35.00. It had a $992 billion market cap prior to the call.
Comerica Inc. (NYSE: CMA) was downgraded to Neutral from Buy at Goldman Sachs. Shares closed at $76.89 and were indicated down 0.8% at $76.30 on Thursday morning after the call.
Elastic N.V. (NYSE: ESTC) was started with an Overweight rating and assigned a $102 target price (versus an $82.75 close) at KeyBanc Capital Markets.
Etsy Inc. (NASDAQ: ETSY) was started with a Buy rating and assigned an $85 target price (versus a $69.46 close) at Canaccord Genuity. Etsy shares were indicated up 0.4% at $69.75 on the news, and its consensus target price was $72.75, and it had an $8.3 billion market cap.
Facebook Inc. (NASDAQ: FB) was raised to Buy from Neutral and the target price was raised to $200 from $175 (versus a $173.54 close) at Guggenheim.
Falcon Minerals Corp. (NASDAQ: FLMN) was started with a Hold rating and a $10 target (versus a $9.12 close) at Stifel.
KeyCorp (NYSE: KEY) was downgraded to Neutral from Overweight at JPMorgan.
Live Nation Entertainment Inc. (NYSE: LYV) was downgraded to In Line from Outperform at Evercore ISI.
Micron Technology Inc. (NASDAQ: MU) was downgraded to Underweight from Equal Weight at Morgan Stanley. After a 3.4% gain to $43.90 on Wednesday, the stock was up about 38% so far in 2019 alone. It has a 52-week range of $28.39 to $64.66 and a consensus target price of $46.04.
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