Top Analyst Upgrades and Downgrades: Apple, Caterpillar, CenturyLink, Chesapeake Energy, Ciena, Corning, Dollar General, GreenSky, Hertz, Inogen, Lyft, Roku, 3D Systems and More
This has been a volatile week with big ups and downs, and stocks were indicated to open marginally higher on Thursday after Wednesday’s selling pressure lessened late in the day. Earnings season has peaked, but many companies are still finding themselves as big winners or big losers based on their reports. Even with all the trade uncertainty dominating the news, the major stock market indexes have seen just over a 5% pullback from the all-time highs put in just last month. Investors have many reasons to remain cautious and positive alike, but they also 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 Thursday, August 8, 2019.
Apple Inc. (NASDAQ: AAPL) was started as Equal Weight and assigned a $192 target price (versus a $199.04 prior close) at Barclays.
Aqua America Inc. (NYSE: WTR) was downgraded to Neutral from Buy in a valuation call at UBS, but the firm raised its target price to $45 from $42 in the call. Shares closed up 2.2% at $42.06 on Wednesday, in a 52-week high of $42.32 and with a prior consensus target price of $42.33.
Camping World Holdings Inc. (NYSE: CWH) was downgraded to Neutral from Overweight at JPMorgan. The stock closed down 4.5% at $10.38 on Wednesday, but it was indicated down 26% at $7.65 after earnings on Thursday.
Caterpillar Inc. (NYSE: CAT) was downgraded to Neutral from Buy and the target price was cut to $130 from $156 at Goldman Sachs. Caterpillar closed down 1% at $120.78 on Wednesday and was indicated down another 1.1% at $119.45 on Thursday.
CenturyLink Inc. (NYSE: CTL) was downgraded to Underweight from Neutral at JPMorgan. CenturyLink closed down 3.1% at $11.58 on Wednesday and was indicated down another 4.2% at $11.30 on Thursday.
Chesapeake Energy Corp. (NYSE: CHK) was downgraded to Market Perform from Outperform at Raymond James.
Ciena Corp. (NASDAQ: CIEN) was started as Overweight with a $50 target price at Barclays. It closed down 1.7% at $65.14, and the shares were indicated up 0.6% at $65.52 on Thursday.
Cisco Systems Inc. (NASDAQ: CSCO) was started as Equal Weight and assigned a $52 target price at Barclays. Cisco closed down 0.5% at $52.34 on Wednesday and was indicated up 0.3% at $52.50 on Thursday. It has a consensus target price of $59.23.
Corning Inc. (NYSE: GLW) was started as Overweight with a $35 target price at Barclays.
Dell Technologies Inc. (NYSE: DELL) was started as Equal Weight and assigned a $53 target price at Barclays.
Dollar General Corp. (NYSE: DG) was raised to Buy from Neutral with a $152 target price at Goldman Sachs. The stock closed up 0.1% at $134.59, and the consensus target price was $140.24.
F5 Networks Inc. (NASDAQ: FFIV) was started as Overweight with a $160 target price at Barclays, and Morgan Stanley raised its rating top Equal Weight from Underweight with a $130 target price. Shares closed down 1.56% at $134.00 on Wednesday, and the prior consensus target price was $160.82.
Green Dot Corp. (NYSE: GDOT) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods. Deutsche Bank maintained its Hold rating and lowered its target to $29 from $44.
GreenSky Inc. (NASDAQ: GSKY) was up 1.5% at $6.91 on Wednesday, but this was closer to $10.50 earlier this week ahead of earnings. Raymond James downgraded it to Market Perform from Outperform.