Investing

Top Analyst Upgrades and Downgrades: AEP, Apache, AT&T, Bluebird, Fortinet, Intel, IBM, Kinder Morgan, New Residential, Snap, Verizon and More

Graybug Vision Inc. (NASDAQ: GRAY) was started with an Outperform rating and a $41 target price at Wedbush Securities. SVB Leerink started it with an Outperform rating and a $35 price target. The stock closed up 3.4% at $15.90 a share on Monday.

Intel Corp. (NASDAQ: INTC) managed to close up about 0.8% at $54.58 on Monday on word that it could be selling its NAND unit for close to $10 billion. Wedbush Securities was not impressed, and the firm maintained its Underperform rating and kept its $51 price target.

International Business Machines Corp. (NYSE: IBM) was indicated down 3.3% at $121.40 after earnings. Wedbush Securities reiterated its Neutral rating with a $140 price target.

Kinder Morgan Inc. (NYSE: KMI) was reiterated as Outperform but its price target was trimmed to $15 from $17 at Raymond James.

Laird Superfood Inc. (NYSE: LSF) share rose almost 9% as its quiet period ended on Monday. Canaccord Genuity started it as a Buy with a $70 price target.

Las Vegas Sands Corp. (NYSE: LVS) was reiterated as Buy but its price target was trimmed to $58 from $60 at Deutsche Bank.

New Residential Investment Corp. (NYSE: NRZ) was started as Buy with an $11 price target at Compass Point. The stock closed at $8.05 a share ahead of the call, and it has a $10.25 consensus analyst target.

NuVasive Inc. (NASDAQ: NUVA) was started with a Buy rating and $64 price target (versus a $52.40 prior close) at Stifel.

Phillips 66 (NYSE: PSX) was reiterated as Outperform but its price target was trimmed to $35 from $36 at Raymond James.

Sherwin-Williams Co. (NYSE: SHW) was reiterated as Overweight and its target price was raised to $785 from $700 at Morgan Stanley. The stock closed at $681.83 per share, and it has a $738.82 consensus target price.

Snap Inc. (NYSE: SNAP) was reiterated as Buy and its price target was raised to $33 from $30 at Jefferies. The stock closed up almost 3% at $28.66 ahead of the call. The consensus price target is $26.87.

Verizon Communications Inc. (NYSE: VZ) was started as Peer Perform at Wolfe Research.

WPX Energy Inc. (NYSE: WPX) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.


Thirteen stocks seriously ought to announce stock splits this earnings season.

Four marijuana stocks could be big winners on election day.

Monday’s top analyst upgrades and downgrades included Archer Daniels Midland, AMC, CarMax, Chevron, Exxon Mobil, GoodRx, Laird Superfood, Snap, Starbucks and Tesla.