Stocks were hammered lower on Monday as the election comes closer and as stimulus talks look dead on arrival. Many investors missed out on the recovery from late March, and the election and the slowing recovery are all creating a need to look for new ideas.
24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.
These are the top analyst upgrades, downgrades and initiations seen on Tuesday, October 27, 2020.
Advanced Micro Devices Inc. (NASDAQ: AMD) was last seen up 2.3% after beating earnings and confirming it was buying Xilinx. Wedbush Securities reiterated AMD as Outperform with a $100 price target.
Alaska Air Group Inc. (NYSE: ALK) was named as the Zacks Bear of the Day stock. The firm said that airlines are hoping for brighter days in 2021. Shares last closed at $38.58 and have a consensus price target of $49.19.
Amazon.com Inc. (NASDAQ: AMZN) was reiterated as Outperform and its price target was raised to $3,700 from $3,680 at Credit Suisse.
Amgen Inc. (NASDAQ: AMGN) was reiterated as Outperform and its price target was cut to $284 from $286 at Credit Suisse.
AnaptysBio Inc. (NASDAQ: ANAB) was reiterated as Outperform with a $35 price target at Wedbush Securities.
Biogen Inc. (NASDAQ: BIIB) was reiterated as Neutral and its price target was cut to $282 from $316 at Mizuho.
Boyd Gaming Corp. (NYSE: BYD) was reiterated as Overweight and its price target was raised to $45 from $40 at Morgan Stanley.
Harley-Davidson Inc. (NYSE: HOG) was reiterated as Outperform with a $36 price target at Wedbush Securities.
Hasbro Inc. (NASDAQ: HAS) was reiterated as Overweight and its price target was raised to $92 from $85 at KeyBanc Capital Markets.
Intellia Therapeutics Inc. (NASDAQ: NTLA) was started with a Buy rating and a $40 price target (versus a $24.50 prior close) at Truist Securities, which noted that the first in-human systemically delivered CRISPR offers investors a compelling upside story.
iRobot Corp. (NASDAQ: IRBT) was named as the Bull of the Day at Zacks, which said third-quarter sales soared as consumers bought products for their homes. Shares most recently closed at $81.95 and have a consensus price target of $82.00.
Kinder Morgan Inc. (NYSE: KMI) was reiterated as Outperform and its price target was cut to $16 from $20 at Credit Suisse.
SAP S.E. (NYSE: SAP) was maintained as Market Perform at BMO Capital Markets, but the firm slashed its target price to $127 from $170. The stock closed down 23% at $115.02 after lowering guidance.
Spotify Technologies S.A. (NYSE: SPOT) was reiterated as Overweight and its price target was raised to $300 from $275 at Morgan Stanley.
Square Inc. (NYSE: SQ) was reiterated as Overweight and its price target was raised to $215 from $165 at KeyBanc Capital Markets.
Twilio Inc. (NYSE: TWLO) was reiterated as Overweight and its price target was raised to $365 from $315 at Piper Sandler.
Twitter Inc. (NYSE: TWTR) was reiterated as Neutral but its price target was raised to $52 from $39 at JPMorgan.
Investors have been piling into the ESG stocks this year, and the trend looks likely to continue. The analysts at Goldman Sachs have four top ESG stocks that could be targets for portfolio managers as they are underweighted in many ESG portfolios.
Monday’s top analyst upgrades and downgrades included Advanced Micro Devices, Amgen, Asana, Baidu, First Solar, Mattel, Mirati Therapeutics, Palantir Technologies, Pinterest, SAP and Zscaler.