Top Analyst Upgrades and Downgrades: Comcast, Diamond Offshore, Home Depot, KB Home, Liberty Global, Wayfair and More

Investing

Published: September 25, 2019 8:50 am

Last Updated: January 30, 2020 3:29 pm

The futures traded slightly lower Wednesday morning after Speaker Pelosi announced on Tuesday that she is planning a formal impeachment inquiry of the president. Investors were not pleased when the headlines hit the tape yesterday, and we could have some follow-through selling today. This is a time when investors should be considering exactly how they want their portfolios and assets positioned for the final months 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 traders and long-term investors alike. Some of the daily analyst calls cover stocks to buy. Other calls cover stocks to sell or to avoid.

We have provided these calls in a quick-hit summary for easy reading, and additional comments and trading data have been added on some of the calls. 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 Wednesday, September 25, 2019.

Arvinas Inc. (NASDAQ: ARVN) was started with an Outperform rating at Wedbush, which has a $35 price target on the shares. That compares with the Wall Street consensus target of $29.50. The stock closed Tuesday at $23.67.

Berry Global Group Inc. (NASDAQ: BERY) was raised to Buy from Neutral at Merrill Lynch. The analysts have set the price target for the stock at $51. The consensus target is higher at $58.25, and shares were last seen trading at $39.18.

BancCorpSouth Bank (NYSE: BXS) was raised to Buy from Hold at SunTrust, which raised its price target to $33. That compares to the consensus target of $30.78. The stock ended trading Tuesday at $29.07.

Chart Industries Inc. (NASDAQ: GTLS) was started with a Neutral rating and a $73 price target at JPMorgan. The consensus figure is much higher at $101.90. The last trade on Tuesday came in at $65.14.

Comcast Corp. (NASDAQ: CMCSA) was started with a Buy rating at Benchmark, which has a $64 price target for the cable and media giant. The consensus target is much lower at $49.92. The shares closed Tuesday at $45.71.

Diamond Offshore Drilling Inc. (NYSE: DO) was downgraded to Sector Perform from Outperform at RBC Capital Markets. The firm also dropped the price target to $10. The consensus target is $8.17. The shares closed on Tuesday at $6.91.

Glu Mobile Inc. (NASDAQ: GLUU) was started with a Buy rating and an $8 target at D.A. Davidson. That compares to the consensus target of $7.89. The stock ended Tuesday trading at $4.74.

Hilton Grand Vacations Inc. (NYSE: HGV) was downgraded to Neutral from Buy at Janney, which has a $36 target. The consensus target is $34.86, and the closing price Tuesday was $32.69.