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Top Analyst Upgrades and Downgrades: AMD, Apple, Canopy Growth, Dell, Flex, FuelCell, IBM, MongoDB, Shopify, Tilray, Whiting and More

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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.


FuelCell Energy Inc. (NASDAQ: FCEL) was downgraded to Market Perform from Outperform at Cowen. Shares closed down 33% at $0.78. The 52-week range is $0.70 to $22.44, and the consensus target price is $17.10.

Hewlett Packard Enterprise Co. (NYSE: HPE) was started as Underperform with a $14 target (versus a $14.09 close) at Evercore ISI.

HP Inc. (NYSE: HPQ) was started as Outperform with a $23 target price at Evercore ISI.

International Business Machines Corp. (NYSE: IBM) was started as Outperform and the price target was set at $150 at Evercore ISI. Shares closed down 0.9% at $131.49. The 52-week range is $105.94 to $154.36, and the consensus target price is $147.06.

Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) was downgraded to Neutral from Buy on valuations at Goldman Sachs, but the price target was raised to $24 from $22 (versus a $22.60 close).

MongoDB Inc. (NASDAQ: MDB) was reiterated as Overweight and the target price was raised to $165 from $150 at KeyBanc Capital Markets.

NetApp Inc. (NASDAQ: NTAP) was started as In-Line at Evercore ISI.

NVR Inc. (NYSE: NVR) was started at In-Line at Evercore ISI.

Phillips 66 Partners L.P. (NYSE: PSXP) was started as Buy and assigned a $56 target price (versus a $48.42 close) at Mizuho.

Shopify Inc. (NYSE: SHOP) was reiterated as Overweight and the target price raised to $300 from $275 at KeyBanc Capital Markets. Its consensus target price was last seen down at $251.81 ahead of this call.

Spirit Airlines Inc. (NYSE: SAVE) was downgraded to Neutral from Buy at Goldman Sachs. Shares closed up 2.2% at $50.43. The 52-week range is $34.36 to $65.35, and the consensus target price is $69.19.

Tilray Inc. (NASDAQ: TLRY) was started with a Hold rating at Stifel. Shares closed down 2.5% at $35.59. The 52-week range is $20.10 to $300.00, and the consensus target price is $98.00.

Travelers Companies Inc. (NYSE: TRV) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods.

United Continental Holdings Inc. (NYSE: UAL) was raised to Buy from Neutral and the target price was raised to $108 at Goldman Sachs. Shares closed up 1.7% at $81.85. The 52-week range is $67.94 to $97.85, and the consensus target price is $104.06.

Valero Energy Corp. (NYSE: VLO) was raised to Buy from Neutral but the price target was lowered to $92 from $96 at Goldman Sachs.

Whirlpool Corp. (NYSE: WHR) was raised to Overweight from Sector Weight with a $150 price target at KeyBanc Capital Markets.

Whiting Petroleum Corp. (NYSE: WLL) was started as Buy and assigned a $25 price target at MKM Partners. Shares closed down 8.6% at $17.57. The 52-week range is $17.27 to $56.47, and the consensus target price is $36.34.

Wednesday’s top analyst calls included AIG, Aqua America, CenterPoint Energy, Ferrari, GameStop, Medtronic, Roku, Salesforce.com and Uber Technologies and many more.

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