Stocks were indicated to open higher on Monday, after the prior week’s rally was 5% for the Dow Jones industrials and S&P 500, and after President Trump has reached a deal with Mexico to avoid tariffs. With weaker economic data, which currently is being cheered as a view that the Federal Reserve will cut interest rates sooner, investors need to be considering how they want their portfolios and assets positioned for the rest of 2019 and beyond.
24/7 Wall St. reviews dozens of analyst research reports each day of the week. Our goal is to find new trading and investing ideas for our readers. Some of the daily analyst calls cover stocks to buy, but other calls cover stocks to sell or to avoid.
We have provided these calls in a quick-hit summary for easy reading. Additional commentary and trading data have been added on some of the most important and interesting 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 on Monday, June 10, 2019.
Analog Devices Inc. (NASDAQ: ADI) was raised to Buy from Sell and the price target was raised to $114 from $101 at Goldman Sachs. Shares closed up 0.7% at $100.69. They have a 52-week range of $76.62 to $118.54 and a consensus target price of $117.61.
Applied Therapeutics Inc. (NASDAQ: APLT) was started as Outperform and assigned a $24 target price (versus a $9.30 prior close) at Robert W. Baird.
At Home Group Inc. (NYSE: HOME) saw its value cut in half after earnings last week showed a decrease in its same-store sales. Morgan Stanley lowered its target to $8 from $30 when it downgraded the shares to Equal Weight from Overweight. Shares closed up 1.5% at $7.61. They have a 52-week range of $7.44 to $40.97 and a consensus target price of $26.09.
Boston Beer Co. Inc. (NYSE: SAM) was started as Neutral with a $320.40 target at Credit Suisse. Shares closed at $320.40. They have a 52-week range of $230.93 to $353.02 and a consensus target price of $289.18.
DuPont de Nemours Inc. (NYSE: DD) was started as Outperform with an $83 target price (versus a $73.64 close) at Cowen. Shares closed up 1.4% at $73.64. They have a 52-week range of $17.84 to $102.38.
Federated Investors Inc. (NYSE: FII) was raised to Overweight from Neutral and the target price was raised to $36 from $34 at JPMorgan. Shares closed down 0.5% at $31.76. They have a 52-week range of $22.06 to $33.77 and a consensus target price of $29.00.
Lazard Ltd. (NYSE: LAZ) was downgraded to Neutral from Buy at UBS.
Molson Coors Brewing Co. (NYSE: TAP) was started as Underperform with a $50 target price (versus a $56.97 close) at Credit Suisse. Shares closed down 1.3% at $56.97. They have a 52-week range of $53.41 to $71.04 and a consensus target price of $68.13.
PagSeguro Digital Ltd. (NYSE: PAGS) was started with a Buy rating and assigned a $40 target price at Goldman Sachs. Shares closed up 2.6% at $35.77. They have a 52-week range of $17.02 to $36.18 and a consensus target price of $30.10.