Investing

Top Analyst Upgrades and Downgrades: Apple, Applied Materials, BP, Bumble, Carrier, Harley-Davidson, Hess, Illumina, Johnson Controls and More

Illumina Inc. (NASDAQ: ILMN) was raised from Hold to Buy with a $445 price target at Canaccord Genuity. The consensus price objective is $413.07, and Tuesday’s last trade came in at $368.96, after tumbling almost 7% on the day.

Invitation Homes Inc. (NASDAQ: INVH) was started with an Outperform rating and a $35 price target at RBC Capital Markets. The consensus target is $34.63, and the shares ended trading on Tuesday at $32.25.

Johnson Controls International PLC (NYSE: JCI) was downgraded to Sector Perform from Outperform at RBC Capital Markets, which lowered the price target on the industrial leader to $66 from $70. That compares with the $60.87 consensus target and Tuesday’s close at $60.73.

Lennar Corp. (NYSE: LEN) was named as the Bull of the Day at Zacks, which said that this homebuilder has seen a boom thanks to a big shift in the real estate market and has also seen margins move higher. Shares most recently closed at $101.78 and have a consensus price target of $106.00.

RingCentral Inc. (NYSE: RNG) was named as the Zacks Bear of the Day stock. The firm said that the valuation for this stock is higher than a doorbell on the 99th floor. Shares last closed at $286.75 and have traded as high as $449.00 in the past year.


The FANG stocks are among the top BofA Securities growth stock picks. With the market very pricey and perhaps vulnerable to tail risks, these stocks are very likely one of the best places for long-term aggressive growth investors to be now.

Tuesday’s early top analyst upgrades and downgrades included Alphabet, American Airlines, Domino’s Pizza, DXC Technology, RH, Toyota, ViacomCBS and Yelp. Analyst calls seen later in the day were on Expedia, FuelCell, Plug Power, Roku and more.