Stocks were indicated to open lower after earnings reports weighed on some stocks, but that is after gains on Tuesday and Monday. With the markets now in the second half of the year, investors have many reasons to remain cautious but have to 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. Our goal is 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 Wednesday, July 24, 2019.
Akamai Technologies Inc. (NASDAQ: AKAM) was downgraded to Neutral from Buy at Guggenheim.
Anaplan Inc. (NYSE: PLAN) was started as Buy and the price target was set at $70 at Deutsche Bank.
Chipotle Mexican Grill Inc. (NYSE: CMG) was reiterated as Neutral but the target was raised to $780 from $750 at Wedbush Securities. KeyBanc reiterated it as Overweight and raised its target price to $860 from $780. Stephens maintained its Equal Weight rating and raised its target to $700 from $650. Mizuho maintained an Underperform rating but raised its target price to $500 from $420. Shares closed at $739.60, in a 52-week range of $383.20 to $765.99. The consensus price target is $707.77.
Chubb Ltd. (NYSE: CB) was reiterated as Outperform and the target price was raised to $165 from $160 at JMP Securities.
Coca-Cola Co. (NYSE: KO) was reiterated as Buy and the price target was raised to $60 from $58 at Deutsche Bank. Shares closed at $54.33, in a 52-week range of $44.25 to $54.64. The consensus price target is $53.86.
Discover Financial Services (NYSE: DFS) was reiterated as Buy at Nomura/Instinet and the price target was raised to $96 from $86. JMP Securities reiterated it as Market Outperform but raised the target price to $92 from $90. Barclays reiterated its Overweight rating and raised its target to $91 from $87. Shares closed at $84.48, in a 52-week range of $54.36 to $84.79. The consensus price target is $88.59.
Fifth Third Bancorp (NASDAQ: FITB) was reiterated as Outperform and the target price was raised to $32 from $31 at Raymond James.
Hasbro Inc. (NASDAQ: HAS) was reiterated as Overweight and the target price was raised to $130 from $115 at Barclays. Shares closed at $119.31, in a 52-week range of $76.84 to $119.96. The consensus price target is $116.14.
Kimberly-Clark Co. (NYSE: KMB) was raised to Neutral from Underweight at Atlantic Equities. Shares closed at $135.05, in a 52-week range of $100.32 to $140.62. The consensus price target is $130.00.
Party City Holdco Inc. (NYSE: PRTY) was raised to Buy from Neutral but the target price was lowered to $8 from $10 at Goldman Sachs.