Investing
Top Analyst Upgrades and Downgrades: BioMarin, BP, Genworth, Petrobras, Target and More
Published:
Stocks were indicated higher yet again on Monday, with the broader markets now effectively at new all-time highs. Investors have shown over and over that they are eager to buy stocks when they are discounted or overlooked. 24/7 Wall St. reviews dozens of analyst research calls each morning of the week to find new investment and trading ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or avoid.
These are this Monday’s top analyst upgrades, downgrades and initiations.
Abercrombie & Fitch Co. (NYSE: ANF) was downgraded to Neutral from Buy and the price target was cut to $25 from $40 at Janney Capital Markets, and it was downgraded to Perform from Outperform with a $30 price target (down from $50) at Oppenheimer.
American Eagle Outfitters Inc. (NYSE: AEO) was downgraded to Equal Weight from Overweight and the price target was cut to $11 from $15 at Barclays.
BP PLC (NYSE: BP) was downgraded to Neutral from Overweight at J.P. Morgan.
ALSO READ: 4 Oil Service Stocks With Huge Upside Despite Lower Oil Prices
BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) was raised to Buy from Neutral and the price target was raised up to $104 from $78 (versus an $83.91 close) at Goldman Sachs.
Boulder Brands Inc. (NASDAQ: BDBD) was raised to Overweight from Neutral and the price target was lifted to $13 from $11 (versus an $8.76 close) at Piper Jaffray.
Genworth Financial Inc. (NYSE: GNW) was downgraded to Market Perform from Outperform at Keefe Bruyette Woods.
Home Depot Inc. (NYSE: HD) was reiterated Outperform and the price target was raised to $115 from $101 at Oppenheimer.
Karyopharm Therapeutics Inc. (NASDAQ: KPTI) was started as Outperform with a $53 price target (versus a $42.14 close) at Oppenheimer.
Lowe’s Companies Inc. (NYSE: LOW) was reiterated Outperform and the price target was raised to $70 from $60 at Oppenheimer.
ALSO READ: The Shame and Lessons of Dendreon Bankruptcy
Myriad Genetics Inc. (NASDAQ: MYGN) was started as Underweight with a $25 price target (versus a $34.89 close) at Morgan Stanley, which might as well have been rated “Strong Sell: with a target that low. The consensus price target was actually $39, and Morgan Stanley’s is the street’s lowest target price.
Nationstar Mortgage Holdings Inc. (NYSE: NSM) was raised to Market Perform from Underperform at Keefe Bruyette Woods.
Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, was downgraded to Market Perform from Outperform at Cowen.
PulteGroup Inc. (NYSE: PHM) was raised to Buy from Neutral and the price target was raised to $25 from $23 (versus a $19.96 close) at Bank of America Merrill Lynch.
Target Corp. (NYSE: TGT) was raised to Buy from Hold at Stifel.
Furthermore, 24/7 Wall St. would warn readers that there are currently 14 IPOs on deck for this week.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
