Top Analyst Upgrades and Downgrades: AMD, Apple, Canopy Growth, Dell, Flex, FuelCell, IBM, MongoDB, Shopify, Tilray, Whiting and More
Stocks were indicated to open slightly higher on Thursday, despite more tariff talk against China and no deal yet reached with Mexico. The major equity indexes are still up for the year after a very weak May performance. Europe also held interest rates steady while maintaining a dovish tone. Investors should be considering how they want their assets positioned for the rest of 2019 and beyond.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new ideas for investors and traders alike. Some of these analyst reports cover stocks to buy, while others cover stocks to sell or to avoid.
Additional commentary has been added on most of the daily analyst reports, along with trading history. The consensus analyst price targets and other valuation metrics are from the Refinitiv (Thomson Reuters) sell-side research service.
These were the top analyst upgrades, downgrades and initiations seen on Tuesday, May 21, 2019.
Advanced Micro Devices Inc. (NASDAQ: AMD) was raised to Equal Weight from Underweight and the target price was raised to $28 from $17 at Morgan Stanley. Shares closed down 0.2% at $29.50. The 52-week range is $14.31 to $34.14, and the consensus target price is $29.41.
Apple Inc. (NASDAQ: AAPL) was started as Outperform and assigned a $205 target price at Evercore ISI. Shares closed up 1.6% at $182.54. The 52-week range is $142.00 to $184.99, and the consensus target price is $216.17.
Aurora Cannabis Inc. (NYSE: ACB) was started with a Hold rating at Stifel. Shares closed down 1.8% at $7.73. The 52-week range is $4.05 to $12.52.
BP Midstream Partners L.P. (NYSE: BPMP) was started with a Buy rating and assigned a $19 price target at Mizuho.
Canopy Growth Corp. (NYSE: CGC) was started with a Buy rating at Stifel. Shares closed down 0.4% at $40.83. The 52-week range is $24.21 to $59.25.
CDW Corp. (NASDAQ: CDW) was started as Outperform and assigned a $120 price target (versus a $103.18 prior close) at Evercore ISI.
Citrix Systems Inc. (NASDAQ: CTXS) was raised to Buy from Hold at Deutsche Bank.
Cloudera Inc. (NYSE: CLDR) fell 3.4% ahead of earnings, but the CEO resignation and lower guidance had shares indicated down almost 40% at $5.36 on Thursday. Stifel downgraded it to Hold from Buy and slashed the price target to $6 from $16.
Cronos Group Inc. (NASDAQ: CRON) was started with a Hold rating at Stifel, a day after Merrill Lynch gave it a double upgrade to Buy from Underperform.
Dell Technologies Inc. (NYSE: DELL) was started as Outperform with a $75 target price at Evercore ISI. Shares closed down 5.5% at $54.50. The 52-week range is $41.58 to $70.55, and the consensus target price is $71.90.
D.R. Horton Inc. (NYSE: DHI) was reiterated as Overweight and the price target was raised to $52 from $45 (versus a $44.63 close) at KeyBanc Capital Markets.
DuPont de Nemours Inc. (NYSE: DD) was started as Hold with a $70 price target (versus a $74.86 close) at SunTrust Robinson Humphrey.
Flex Ltd. (NASDAQ: FLEX) was raised to Buy from Neutral with an $11 target price and it was added to the prized Conviction Buy list at Goldman Sachs.