Investing

Top Analyst Upgrades and Downgrades: AbbVie, AEP, ANGI, Disney, DuPont, Gilead, Microsoft, Peloton, Shopify, Trivago and More

Federal Realty Investment Trust (NYSE: FRT) was downgraded to Underperform from In-Line at Evercore ISI Group.

Gilead Sciences Inc. (NASDAQ: GILD) was up over 9% at $83.99 on Friday on reports of its drug to treat COVID-19 looked promising. BMO Capital Markets downgraded it to Market Perform from Outperform, and Wells Fargo lowered its Overweight rating to Equal Weight. Shares were down 2.1% at $82.20 on Monday, with a prior $75.32 consensus price target.

IAC/InterActiveCorp (NASDAQ: IAC) was maintained as Buy but the price target was cut to $296 from $304 at Nomura/Instinet. Shares closed up 2.6% at $223.72 on Friday, with a $274.83 consensus price target.

Microsoft Corp. (NASDAQ: MSFT) was reiterated as Outperform with a $210 price target at Wedbush Securities, which noted that its Azure and additional cloud growth trajectory are the main focus heading into earnings. Microsoft closed up almost 1% at $178.60, and it had a $186.19 consensus price target.

MYR Group Inc. (NASDAQ: MYRG) was named as the Bull of the Day at Zacks, which said that the growth that this stock has posted lately is great but you will love the valuation. Shares most recently closed at $25.36, with a consensus price target of $34.25.

Peloton Interactive Inc. (NASDAQ: PTON) was downgraded to Underperform from Market Perform with a $26 price target (versus a $33.49 close) at BMO Capital Markets.

Public Service Enterprise Group Inc. (NYSE: PEG) was downgraded to Neutral from Buy at Mizuho.

SeaWorld Entertainment Inc. (NYSE: SEAS) was maintained as Overweight but its price target was lowered to $17 from $25 (versus a $10.83 close, after a 17% gain) at KeyBanc Capital Markets.

Shopify Inc. (NYSE: SHOP) has seen its shares surge all the way back up to $590 during the three-week recovery. Wedbush maintained its Neutral rating and $445 price target, noting that the company’s great news and surging traffic during the coronavirus is priced in after the huge run higher.

Six Flags Entertainment Corp. (NYSE: SIX) was maintained as Overweight but its price target was lowered to $23 from $28 (versus a $15.59 close) at KeyBanc Capital Markets.

STORE Capital Corp. (NYSE: STOR) was downgraded to Market Perform from Outperform and its price target was slashed to $15 from $36 (versus a $16.96 close) at BMO Capital Markets.

Trivago N.V. (NASDAQ: TRVG) was downgraded to Neutral from Buy at Citigroup.

Under Armour Inc. (NYSE: UAA) was raised to Market Perform from Underperform with a $9 price target (versus an $8.89 close) at BMO Capital Markets.

Walt Disney Co. (NYSE: DIS) was downgraded to Neutral from Buy at UBS, with the firm noting that the pandemic is hurting almost all aspects of its daily business.

Despite the massive stock market rally on Friday, investors have been stashing cash in money markets at a frantic pace. We found five Buy-rated stocks that pay dependable dividends and make sense for investors looking to put money to work but not chase a bear market rally.

Friday’s top analyst upgrades and downgrades included Alibaba, Apple, Arch Coal, BlackRock, Cisco Systems, ConocoPhillips, CSX, KeyCorp, Netflix, Qualcomm, Rite Aid, United Parcel Service and many more.

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