Investing

Top Analyst Upgrades and Downgrades: Alcoa, Amgen, Apache, Chewy, Clorox, Concho Resources, Disney, Edwards Lifesciences, Occidental and More

Cleveland-Cliffs Inc. (NYSE: CLF) was downgraded to Neutral from Overweight at JPMorgan. The stock has traded in a 52-week range of $6.64 to $13.10. The consensus price target is $12.35, and the shares ended Friday at $7.73.

Clorox Co. (NYSE: CLX) was downgraded to Underweight from Equal Weight at Barclays, which also lowered the price target to $141. The consensus price target is $151.60, and the shares closed most recently at $151.78.

Commercial Metals Co. (NYSE: CMC) was downgraded to Neutral from Buy at Goldman Sachs. The 52-week trading range is $13.26 to $21.05. The consensus price target of $19.89 compares to the Goldman Sachs $20 target. Friday’s closing price was $17.97.

Concho Resources Inc. (NYSE: CXO) was downgraded to Neutral from Buy at Citigroup, which also lower its price target to $81. The consensus price target is a huge $116.66. The shares were last seen at $73.23.

Consolidated Edison Inc. (NYSE: ED) was raised to Overweight from Equal Weight with a $98 price target at KeyBanc Capital. The consensus price target is $88.36, and shares closed at $92.40.

Continental Resources Inc. (NYSE: CLR) was downgraded to Neutral from Buy and the price target lowered to $35 at Citigroup. The $49.97 consensus price target is much higher. The stock closed Friday at $34.12.

Edwards Lifesciences Inc. (NYSE: EW) was started with an Overweight rating and a $240 price target at Piper Jaffray. The consensus price target is $215.55, but the stock closed above that level on Friday at $219.66.

Hess Corp. (NYSE: HES) was started with a Neutral rating and a $70 price target at Citigroup. The consensus price target for the energy giant is $71.26. Shares were last seen at $65.67.

Illinois Tool Works Inc. (NYSE: ITW) was downgraded to Sell from Neutral at Goldman Sachs. The firm cited downside risk to estimates and that the valuation premium is unwarranted given deteriorating fundamentals. The stock closed on Friday at $155.06, and shares were lower in Monday’s premarket trading.

Lennox International Inc. (NYSE: LII) saw its price target lowered to $230 from $256 at Goldman Sachs. That compares to a consensus price target of $251.31. The stock closed Friday at $239.03.

Occidental Petroleum Corp. (NYSE: OXY) was started with a Neutral rating and a $48 price target at SunTrust. The higher consensus price objective is $57.07. The stock ended Friday at $45.70.

Walt Disney Co. (NYSE: DIS) was the Zacks Bear of the Day stock for Monday. The firm said that heavy competition in the streaming space has estimates failing at the entertainment giant. Shares of Disney last closed at $132.27 and have a consensus price target of $151.73.

Friday’s top analyst upgrades and downgrades included Apple, Aurora Cannabis, Constellation Brands, Etsy, Marathon Oil, Roku, Square, Tilray and many more.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.