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Disney’s Board Hopes to Rekindle the Magic: Analysts Upgrade or Downgrade American Express, Carvana and More

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Markets were somewhat mixed as stocks entered a truncated trading week with Thanksgiving on the menu. The Nasdaq and S&P 500 were pushing lower, down 0.6% and 0.3%, respectively. The Dow Jones was the only major average with a slight gain, this comes with a lot of help from Disney.

The Mouse House was posting a gain or more than 7% early on Monday after it was announced that Disney’s board of directors had replaced CEO Bob Chapek with Bob Iger. Previously, Iger had served as Disney’s CEO with a fairly prosperous reign and now the board is hoping they can rekindle that magic.

Here, 24/7 Wall St. is reviewing additional analyst calls seen on Monday. We have included the latest call on each stock, as well as a recent trading history and the consensus targets among analysts. Note that analyst calls seen earlier in the day included Alibaba, Coinbase, General Motors, HP, Kohl’s, Merck and more.

American Express Co. (NYSE: AXP): UBS started coverage with a Neutral rating and a $168 price target. The stock has traded as high as $199.55 a share in the past year but was last seen trading around $153. That is down over 6% year to date.

Canadian Natural Resources Ltd. (NYSE: CNQ): Goldman Sachs upgraded to a Buy rating from Neutral and raised the price target to $69 from $62. The 52-week trading range is $36.63 to $69.15. Shares changed hands near $57 apiece on Monday.

Carvana Co. (NYSE: CVNA): Argus downgraded to a Sell rating from Hold. The stock has traded as high as $296.70 a share in the past year but was last seen near $7. That is down nearly 97% year to date.

Cigna Corp. (NYSE: CI): Raymond James downgraded to an Outperform rating from Strong Buy with a $370 price target. The shares traded near $319 on Monday. The 52-week range is $191.74 to $331.05.

CMS Energy Corp. (NYSE: CMS): Credit Suisse upgraded to an Outperform rating from Neutral and raised the price target to $64 from $61. The shares traded near $60 on Monday. The 52-week range is $52.41 to $73.76.

Comerica Inc. (NYSE: CMA): Raymond James upgraded to an Outperform rating from Market Perform with an $85 price target. The 52-week trading range is $64.11 to $102.09. Shares changed hands near $70 apiece on Monday.

ConocoPhillips (NYSE: COP): Societe Generale downgraded to a Sell rating from Hold with a $114 price target. The stock traded near $123 on Monday, in a 52-week range of $66.06 to $138.49.

MongoDB, Inc. (NASDAQ: MDB): Morgan Stanley downgraded to an Equal Weight rating from Overweight and cut the price target to $215 from $368. KeyBanc Capital Markets started coverage with an Overweight rating and a $215 price target. The stock traded near $149 on Monday, in a 52-week range of $135.15 to $570.58.

On Holding AG (NYSE: ONON): Goldman Sachs upgraded to a Buy rating from Neutral and cut the price target to $28 from $37. The stock was last seen trading near $17, in a 52-week range of $15.44 to $46.74.

Oak Street Health, Inc. (NYSE: OSH): Raymond James downgraded to a Market Perform rating from Outperform. Shares have traded as high as $36.53 in the past year but were changing hands near $19 on Monday.

The Walt Disney Co. (NYSE: DIS): MoffettNathanson upgraded to an Outperform rating from Market Perform with a $120 price target. Shares traded near $99 on Monday, in a 52-week range of $86.28 to $160.32.

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