Stocks were indicated to open higher with four Dow Jones industrial average components beating earnings estimates on Tuesday after a very mixed trading session on Monday. With the major market indexes all still up well into the double-digit percentages year to date, the S&P 500 and Nasdaq are still within about 2% of hitting all-time highs again. And that’s happened while the 10-year Treasury yield has crept back up about 20 basis points in less than a month. With so much at stake, investors need to be considering how they want their portfolios 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, but others 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 Tuesday, April 23, 2019.
Arista Networks Inc. (NYSE: ANET) was downgraded to Equal Weight from Overweight at Morgan Stanley.
BHP Group PLC (NYSE: BHP) was downgraded to Neutral from Buy at UBS, with the firm noting that BHP’s results would slow as prices realized for iron ore and thermal coal moderate. Shares closed at $55.13, in a 52-week range of $43.19 to $57.25 and with a consensus target price of $49.77.
Boston Properties Inc. (NYSE: BXP) was raised to Overweight from Sector Weight with a $146 price target at KeyBanc Capital Markets.
Corporate Office Properties Trust (NYSE: OFC) was downgraded to Underweight with a $23 target price at KeyBanc Capital Markets. Shares closed at $27.13, in a 52-week range of $20.04 to $31.01 and with a consensus target price of $28.55.
Crocs Inc. (NASDAQ: CROX) was downgraded to Neutral from Overweight with a $31 price target at Piper Jaffray. Shares closed at $27.26, in a 52-week range of $14.98 to $31.88 and with a consensus target price of $31.33.
Digital Realty Trust Inc. (NYSE: DLR) was downgraded to Hold from Buy at Jefferies. Shares closed at $119.38, in a 52-week range of $100.05 to $125.10 and with a consensus target price of $125.67.
HCA Healthcare Inc. (NYSE: HCA) was raised to Outperform from Market Perform with a $135 target price at Raymond James. Shares closed at $115.00, in a 52-week range of $93.03 to $147.42 and with a consensus target price of $153.42.
Hormel Foods Corp. (NYSE: HRL) was downgraded to Sell from Neutral at Goldman Sachs.
Kimberly-Clark Corp. (NYSE: KMB) was raised to Outperform and the target price was raised to $142 from $102 at Macquarie. Shares closed at $130.25, in a 52-week range of $97.10 to $132.47. The consensus target price is $110.56.