Investing
Top Analyst Upgrades and Downgrades: AMC, ADP, Barrick, Cree, Rackspace, Walmart and More
Published:
Stocks were looking for direction Monday morning after having pulled back off of all-time highs. Investors are still looking for opportunities. 24/7 Wall St. reviews dozens of analyst reports each morning, on the hunt for new investment and trading ideas for its readers. Some of these analyst reports feature stocks to buy, but others cover stocks to sell or to avoid.
These are this Monday’s top analyst upgrades, downgrades and initiations covered by 24/7 Wall St.
AMC Entertainment Holdings Inc. (NYSE: AMC) was raised to Overweight from Equal Weight and its price target was raised to $29 from $24 (versus a $24.61 close) at Barclays.
Abaxis Inc. (NASDAQ: ABAX) was raised to Buy from Hold and the price target was raised to $60 from $40 at Canaccord Genuity.
Acuity Brands Inc. (NYSE: AYI) was raised to Buy from Neutral at Goldman Sachs.
Automatic Data Processing Inc. (NASDAQ: ADP) was maintained as Outperform and the price target was raised to $91 from $83 at Credit Suisse.
Barrick Gold Corp. (NYSE: ABX) was raised to Neutral from Underweight at HSBC.
Continental Resources Inc. (NYSE: CLR) was started as Buy with a $92 price target at Canaccord Genuity.
Costco Wholesale Corp. (NASDAQ: COST) was started as Buy with a $150 price target (versus a $125.37 close) at Citigroup. Be advised that this new target is now $14 above what appeared to be the prior street-high analyst target price.
Cree Inc. (NASDAQ: CREE) was downgraded to Neutral from Buy and the price target was cut to $48 from $60 (versus a $42.68 close) at Goldman Sachs.
READ ALSO: Insider Buying Continued Last Week as Market Traded Lower
Rackspace Hosting Inc. (NYSE: RAX) was downgraded to Neutral from Overweight at J.P. Morgan.
Symantec Corp. (NASDAQ: SYMC) was downgraded to Sector Perform from Outperform at RBC Capital Markets.
Target Corp. (NYSE: TGT) was started as Neutral with a $66 price target at Citigroup
TransCanada Corp. (NYSE: TRP) was downgraded to Sell from Neutral at Goldman Sachs.
Veeco Instruments Inc. (NASDAQ: VECO) was raised to Neutral from Sell and the price target was raised to $35 from $30 (versus a $34.50 close) at Goldman Sachs.
Wal-Mart Stores Inc. (NYSE: WMT) was started as Neutral with a $80 price target at Citigroup.
Here are the 11 recent analyst stocks under $10 with massive upside calls.
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.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.