Wednesday's Top Analyst Upgrades and Downgrades: American Airlines, Bank of America, Morgan Stanley, Rite Aid, Wells Fargo and More

American Airlines Group Inc. (NYSE: AAL): Goldman Sachs lowered the price target on the carrier to $17 from $19 while keeping a Neutral rating on the stock. The consensus target is $18.91. The stock ended Tuesday’s trading at $21.01.

Bandwidth Inc. (NASDAQ: BAND): Citigroup started coverage with a Neutral rating and a $155 price target. That compares with the higher $177.22 consensus and Tuesday’s closing print of $140.50.

Bank of America Corp. (NYSE: BAC): Keefe Bruyette resumed coverage of the money center giant with a Market Perform rating and a $40 price target. The consensus target is $43.87. The stock was closed on Tuesday at $40.07.

Boston Beer Co. Inc. (NYSE: SAM): Credit Suisse raised its Neutral rating on shares of the popular brewer to Outperform, and the price target was hiked to $1,490 from $1,304. The consensus target is $1,359.47. The stock closed Tuesday at $927.92, down almost 3% on the day. The stock was trending higher in the premarket, up over 3%.

ChemoCentryx Inc. (NASDAQ: CCXI): Stifel upgraded the stock to Buy from Hold and also raised the price objective to $31 from $26. The consensus target is even higher at $37.29. The stock saw a gain of almost 7% on Tuesday and closed at $14.05 a share. The company recently filed an amendment with the FDA to its marketing application seeking approval for avacopan to treat anti-neutrophil aytoplasmic autoantibody-associated vasculitis, addressing concerns raised during the FDA Advisory Committee meeting in May. The shares were up an additional 3% in premarket action.

Evoqua Water Technologies Corp. (NASDAQ: AQUA): The Raymond James downgrade from Strong Buy to Outperform came with a $35 price target. The consensus target is $33.90. The stock ended trading on Tuesday at $33.19. As it closed just below a 52-week high, this could be a valuation call.

Flowserve Corp. (NYSE: FLS): Cowen raised the stock to Outperform from Market Perform and has a $48 price target. The consensus target is $43.27, and the shares closed on Tuesday at $39.42.

Fortis Inc. (NYSE: FTS): BofA Securities downgraded the stock to Underperform from Neutral. Over the past 52 weeks, the stock has traded between $37.55 and $47.02, and it has a consensus price target of $44.98. The final trade for Tuesday was reported at $44.44 a share.

Masco Corp. (NYSE: MAS): JPMorgan downgraded the stock to Underweight from Neutral and has a $61 price target. The consensus target is higher at $70.73. The shares were last seen on Tuesday at $57.95.

Morgan Stanley (NYSE: MS): Keefe Bruyette Resumed coverage with an Outperform rating and a $115 price target. The consensus target for the investment giant is just $97.28. The stock was last seen at $90.21 on Tuesday.

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