Top Analyst Upgrades and Downgrades: Analog Devices, At Home, Boston Beer, PagSeguro, Redfin, Sirius XM, United Tech and More

Investing

June 10, 2019 8:55 am

Last Updated: January 30, 2020 7:51 pm

Postal Realty Trust Inc. (NYSE: PSTL) was started as Buy with an $18 target at Stifel. BMO started it at Outperform with an $18 target.

Redfin Corp. (NASDAQ: RDFN) was raised to Overweight from Underweight and the price target was raised to $23 from $18 at Stephens. Shares closed up 4.8% at $16.85. They have a 52-week range of $13.50 to $26.01 and a consensus target price of $21.38.

Sirius XM Holdings Inc. (NASDAQ: SIRI) was raised to Outperform from Neutral at Credit Suisse. Shares closed at $5.31. They have a 52-week range of $5.23 to $7.70 and a consensus target price of $6.81.

StoneCo Ltd. (NYSE: STNE) was started with a Buy and assigned a $37 price target (versus a $26.63 close) at Goldman Sachs. Shares were indicated up over 4% at $27.90 on the analyst call.

United Technologies Corp. (NYSE: UTX) was raised to Buy from Neutral at Seaport Global on the heels of its merger of equals with Raytheon. Shares closed up 0.4% at $132.15. They have a 52-week range of $100.48 to $144.40 and a consensus target price of $151.50.

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Banco Bradesco S.A. (NYSE: BBD) was started with a Sell rating and Banco Santander (Brasil) S.A. (NYSE: BSBR) was started as Neutral by Goldman Sachs. The firm also started Itau Unibanco Holding S.A. (NYSE: ITUB) with a Sell rating.

Zacks has its Bull and Bear of the Day calls for Monday. MasTec Inc. (NYSE: MTZ) was the Bull of the Day, with the successful infrastructure firm called as being in line to benefit from up to $2 trillion in federal spending. The Bear of the Day was Franklin Financial Network Inc. (NYSE: FSB), with Zacks noting that the low interest rate climate and executive departures are spelling headwinds for this lender.

The analysts at Jefferies feel that some top retail stocks that suffered through a horrible spring due to weather could really pop this summer.

Five stocks under $10 with large upside potential were recently given big Buy or Outperform ratings.

The top upgrades, downgrades and initiations seen on Friday, June 7, 2019, included American Tower, Applied Materials, Exelon, Hubspot, Schlumberger, Shopify, Splunk and Zendesk.

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