Top Analyst Upgrades and Downgrades: AIG, Aqua America, CenterPoint, Ferrari, GameStop, Medtronic, Roku, Salesforce, Uber and More

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Stocks were indicated to open higher again after Tuesday’s major rally. The markets still likely will be reacting daily to the ups and downs of the trade war and other macro news, and investors should 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 Wednesday, June 5, 2019.

Alliant Energy Corp. (NYSE: LNT) saw a Buy rating maintained and its target price raised by $1 to $52 at Argus.

American International Group Inc. (NYSE: AIG) was downgraded to Hold from Buy at Deutsche Bank. Shares closed up 2.1% at $53.83, and it has a 52-week range of $36.16 to $56.36. The stock has a consensus target price of $54.38.

Aqua America Inc.’s (NYSE: WTR) target price was raised by $2 to $43 at Argus, with the independent research firm citing relative valuation. Shares closed down 0.6% at $39.82, and it has a 52-week range of $32.09 to $40.08. The stock has a consensus target price of $40.94.

Avangrid Inc. (NYSE: AGR) was started with a Sector Weight rating at KeyBanc Capital Markets.

CenterPoint Energy Inc. (NYSE: CNP) was started as Equal Weight at Morgan Stanley.

Churchill Downs Inc. (NASDAQ: CHDN) was raised to Outperform from Market Perform and the target was raised to $120 from $108 at Telsey Advisory. Shares closed up 3.7% at $102.78, and it has a 52-week range of $74.58 to $102.98. The stock has a consensus target price of $109.00.

CommScope Holding Co. Inc. (NASDAQ: COMM) was raised to Overweight from Equal Weight with a $22 price target at Morgan Stanley. Shares closed up 0.9% at $16.32, and it has a 52-week range of $15.09 to $32.48. The stock has a consensus target price of $27.04.

Cronos Group Inc. (NASDAQ: CRON) was raised to Buy from Underperform with a $27 price target at Merrill Lynch.

Eversource Energy (NYSE: ES) was started as Overweight and assigned an $80 target price at KeyBanc Capital Markets.

Eldorado Resorts Inc. (NASDAQ: ERI) was started with a Buy rating and assigned a $62 target price at Stifel.

e.l.f. Beauty Inc. (NYSE: ELF) was raised to Equal Weight from Underweight and the price target was raised to $10.50 from $6.00 at Morgan Stanley. Shares closed up 4.3% at $10.99, and it has a 52-week range of $6.70 to $20.19. The stock has a consensus target price of $11.41.