Investing

Top Analyst Upgrades and Downgrades: Himax, Ocwen, RetailMeNot, Tenet and More

Stocks are indicated lower on Tuesday, after having found some stabilization on Monday. Investors still want upside, even if the bull market seems a bit tired. Some investors are even looking for stocks that may now be bargains after selling off. Each morning of the week 24/7 Wall St. reviews dozens of analyst research reports for new investment and trading ideas. Some analyst reports are about stocks to buy, while others cover stocks to sell or to avoid.

These are this Tuesday’s top analyst upgrades, downgrades and initiations from Wall Street analysts.

Five9 Inc. (NASDAQ: FIVN) fell more than 20% among our top after-hours movers on Monday, and Pacific Crest downgraded the stock to Sector Perform from Outperform. Canaccord Genuity said management has to do something to avoid a downgrade, but they cut the price target to $7 from $9.

Fresenius Medical Care A.G. (NYSE: FMS) was raised to Buy from Neutral at UBS.

Himax Technologies Inc. (NASDAQ: HIMX) was raised to Buy from Neutral and the price target was raised to $7.60 from $7 (versus a $6.41 close) at Bank of America Merrill Lynch. The firm lowered earnings estimates but said the core business is in recovery.

ITT Educational Services Inc. (NYSE: ESI) tanked on really awful news on Monday, and William Blair downgraded the stock to Market Perform from Outperform. Merrill Lynch downgraded it to Underperform from Neutral, after having just cut its price target to $16 from $19 on Monday. It’s new target is $7.

Kite Realty Group Trust (NYSE: KRG) was raised to Strong Buy from Outperform at Raymond James, and the price target is now $7 (versus a $6.03 closing price).

Mueller Water Products Inc. (NYSE: MWA) was raised to Buy from Hold at Brean Capital with a $10 price target (versus a $7.81 close).

Ocwen Financial Corp. (NYSE: OCN) was downgraded to Perform from Outperform at Oppenheimer.

RetailMeNot Inc. (NASDAQ: SALE) made the most active after-hours stocks after posting light revenues. RBC Capital Markets downgraded the stock to Sector Perform from Outperform and the price target was slashed to $24 from $42. Credit Suisse maintained its Neutral rating but cut its target to $32 from $43.

ServiceMaster Global Holdings Inc. (NYSE: SERV) was started as Buy at Jefferies and started as Outperform at Baird. Piper Jaffray also started it as Overweight.

Telephone & Data Systems Inc. (NYSE: TDS) was raised to Strong Buy from Outperform at Raymond James, with the price target rising to $39 from $37 (versus a $23.47 close).

Tenet Healthcare Corp. (NYSE: THC) was raised to Neutral from Negative at Susquehanna.

U.S. Cellular Corp. (NYSE: USM) was raised to Strong Buy from Outperform at Raymond James, and the price target was raised to $47 from $44 (versus a $33.61 close).

ALSO READ: 13 Analyst Stock Picks Under $10 With Massive Upside

In case you missed Monday’s top analyst upgrades and downgrades, they included Alcatel-Lucent, AEP, Chevron, Chubb, Enterprise Products, Halcon, Occidental, U.S. Steel and a dozen or so more.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.