Stocks were indicated to have a mixed open because 3M is dragging the Dow Jones industrials down so much on disappointing numbers. Still, the S&P is very close to all-time highs and the Nasdaq hit all-time highs. With strong double-digit gains already seen so far in 2019, 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 stocks to avoid.
Additional commentary and trading data have been added on some of the daily analyst reports. The consensus analyst price targets mentioned 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 25, 2019.
American Express Co. (NYSE: AXP) was raised to Overweight from Equal Weight at Morgan Stanley. Its shares previously closed up five cents at $114.02, and its consensus target price was $119.05.
Aspen Technology Inc. (NASDAQ: AZPN) was raised to Outperform from Neutral and was given a $131 price target (versus a $114.51 prior close) at Wedbush Securities, with the firm talking about its fundamentals accelerating and with customer attrition declining.
Chipotle Mexican Grill Inc. (NYSE: CMG) was trading up 1% at $709.75 ahead of earnings and was indicated up about 1% afterward. Wedbush maintained its Neutral rating but raised the price target to $700 from $680, while KeyBanc Capital Markets reiterated the stock as Overweight and raised the price target to $780 from $625.
CyberArk Software Ltd. (NASDAQ: CYBR) was downgraded to Neutral from Buy but the price target was raised to $132 from $119 (versus a $125.63 close) at UBS. Its consensus target price was $122.35.
DXP Enterprises Inc. (NASDAQ: DXPE) was started with a Hold rating at Jefferies.
Facebook Inc. (NASDAQ: FB) was indicated up over 8% at $198.00 on Thursday morning after earnings. While multiple analysts raised their target prices, UBS upgraded the stock to Buy from Neutral with a $240 price target (versus a $199.10 close). KeyBanc Capital Markets reiterated its Overweight rating and raised its target to $220 from $195. The 52-week trading range is $123.02 to $218.62, and the consensus target price is $197.14.
General Dynamics Corp. (NYSE: GD) was raised to Neutral from Underweight with a $200 price target (versus a $180.73 close) close) at JPMorgan.
Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Buy at Canaccord Genuity, with a price target hike to $191 from $186. Lululemon has a consensus target price of $174.54, and it previously closed up 0.8% at $178.27.
Microsoft Corp. (NASDAQ: MSFT) was last seen trading up about 5% at $131.20 for a new all-time high after earnings. Wedbush reiterated it as Outperform and raised its target to $155 from $150. KeyBanc Capital Markets reiterated its Overweight rating and raised its target to $143 from $141. Microsoft is set to challenge the $1 trillion market cap after this gain.