Stocks were indicated to open higher by about 0.7% on the Dow Jones industrial average (+170) and S&P 500 (+19) as some headlines from China’s trade ministry talked about compromise rather than pointed trade war rhetoric. That said, the markets are now reacting daily to the ups and downs of trade war news. Investors still have to be considering how they want their portfolios positioned for the rest of 2019 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 these daily analyst reports cover stocks to buy, but other reports 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, June 4, 2019.
ADMA Biologics Inc. (NASDAQ: ADMA) was started with a Buy rating and assigned an $8 target price at Jefferies.
Alibaba Group Holding Ltd. (NYSE: BABA) was started with a Buy rating and assigned a $250 price target at Loop Capital. Shares closed up 0.4% at $149.91. It has a 52-week range of $129.77 to $211.70 and a consensus target price of $208.69.
Alphabet Inc. (NASDAQ: GOOGL) was started with a Hold rating and assigned a $1,250 target price at Loop Capital. Shares closed down 6.1% at $1,038.74. It has a 52-week range of $977.66 to $1,296.97 and a consensus target price of $1,341.82.
Apple Inc. (NASDAQ: AAPL) was maintained as Buy but the target price was lowered to $202 from $245 at Canaccord Genuity. Shares closed down 1% at $173.30. It has a 52-week range of $142.00 to $233.47 and a consensus target price of $216.17.
Baidu Inc. (NASDAQ: BIDU) was started with a Hold rating and assigned a $125 price target at Loop Capital. Shares closed down 2% at $107.78. It has a 52-week range of $106.80 to $274.00 and a consensus target price of $209.15.
Box Inc. (NYSE: BOX) was downgraded to Hold from Buy and the target price was lowered to $16 from $24 at Canaccord Genuity.
Corteva Inc. (NYSE: CTVA) was started with a Neutral rating and assigned a $29 target price at Citigroup.
Edison International (NYSE: EIX) was raised to Buy from Neutral and the target price was raised to $72 from $67 at UBS.
Gap Inc. (NYSE: GPS) was maintained with a Hold rating at Argus, following a more than disappointing quarter that took a major bite out of its shares.
Kohl’s Corp. (NYSE: KSS) was downgraded to Underweight from Neutral at Atlantic Equities. Shares closed up 2% at $50.28. It has a 52-week range of $48.71 to $83.28 and a consensus target price of $76.13.
Lyft Inc. (NASDAQ: LYFT) was started with a Buy rating and assigned a $70 price target at Citigroup. Loop Capital started Lyft with a Hold rating, and BTIG started it as Buy with a $77 target. SunTrust Robinson Humphrey started it with a Buy rating and assigned a $68 price target, while Barclays started it as Equal Weight, and Goldman Sachs started it with a Neutral rating and a $65 price target. Shares closed up 3.3% at $59.54. It has a post-IPO range of $47.17 to $88.60 and a consensus target price of $73.21.
MercadoLibre Inc. (NASDAQ: MELI) was downgraded to Neutral from Buy at BTIG.