Top Analyst Upgrades and Downgrades: American Tower, Applied Materials, Exelon, Hubspot, Schlumberger, Shopify, Splunk, Zendesk and More

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Stocks were indicated to open slightly higher on Friday after a weak payrolls report kept hopes up that the Federal Reserve will cut rates sooner rather than later. This week took back a lot of the losses that were seen in May, but investors have many reasons to remain cautious heading into the summer. Investors also should be keeping their eyes on the long term and 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 Friday, June 7, 2019.

Agile Therapeutics Inc. (NASDAQ: AGRX) was started as Outperform with a $5 target price at Oppenheimer.

American Tower Corp. (NYSE: AMT) was downgraded to Neutral from Buy but the target price was raised to $222 from $195 at UBS. Shares closed at $212.70, in a 52-week range of $136.03 to $213.71. The consensus target price is $192.50.

Anaplan Inc. (NYSE: PLAN) was raised to Overweight from Sector Weight with a $57 target price at KeyBanc Capital Markets.

Applied Materials Inc. (NASDAQ: AMAT) was started with a Neutral rating at Nomura/Instinet, which assigned a $40 target price in the call. Shares closed up 2% at $41.38, in a 52-week range of $28.79 to $51.59. The consensus target price is $47.75.

Camping World Holdings Inc. (NYSE: CWH) was downgraded to Market Perform from Outperform at BMO Capital Markets. Shares closed up 0.3% at $12.09, in a 52-week range of $10.12 to $27.17. The consensus target price is $17.23.

Exelon Corp. (NYSE: EXC) was raised to Buy from Neutral at Goldman Sachs. Shares closed up 1% at $50.23, in a 52-week range of $39.73 to $51.03. The consensus target price is $52.24.

Glu Mobile Inc. (NASDAQ: GLUU) was raised to Outperform from Neutral with a $9 price target at Wedbush. Shares closed down 8% at $7.05, in a 52-week range of $5.08 to $11.75. The consensus target price is $11.51.

Helmerich & Payne Inc. (NYSE: HP) was raised to Overweight from Neutral but the price target was lowered to $60 from $64 at Piper Jaffray. Shares closed up 0.4% at $51.18, in a 52-week range of $44.56 to $73.74. The consensus target price is $65.81.

HubSpot Inc. (NYSE: HUBS) was started with a Buy rating and assigned a $223 price target at Goldman Sachs. Shares closed at $169.05, in a 52-week range of $108.39 to $192.49. The consensus target price is $189.39.

Invesco Ltd. (NYSE: IVZ) was downgraded to Hold from Buy at Jefferies.

Michaels Companies Inc. (NASDAQ: MIK) was downgraded to Neutral from Outperform and the price target was slashed to $11 from $18 at Credit Suisse. Telsey Advisory also downgraded it to Market Perform from Outperform.

New Relic Inc. (NYSE: NEWR) was started with a Sell rating and assigned an $82 target price (versus a $100.50 prior close) at Goldman Sachs.