Investing
Top Analyst Upgrades and Downgrades: BP, Chevron, Chesapeake, GoPro, Yelp and More
Published:
Last Updated:
After a roller-coaster week that finally pushed the markets into the green for the year, many investors are eyeing what could turn out to be a slow week as traders keep an eye on the exits for an early start to the Memorial Day weekend. With the futures looking down to start the week, profit taking comes into view.
24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for its readers. Some analyst research reports cover new stocks to buy and others cover stocks to sell or avoid.
These are Monday’s top analyst upgrades, downgrades and initiations.
A10 Networks Inc. (NASDAQ: ATEN) was raised from Sector Weight to Overweight at Pacific Crest.
BP PLC (NYSE: BP ) was downgraded to Sell from Neutral at Goldman Sachs.
Chevron Corp. (NYSE: CVX ) is another major oil downgraded from Neutral to Sell at Goldman Sachs.
Chesapeake Energy Corp. (NYSE: CHK) is downgraded from Buy to Neutral at Goldman Sachs.
GoPro Inc. (NASDAQ: GPRO) was raised to Perform from Underperform at Oppenheimer.
ALSO READ: Major Portfolio Changes for Warren Buffett and Berkshire Hathaway
Teekay Tankers Ltd. (NYSE: TNK) was started at Overweight at JPMorgan. Shares closed Friday at $6.54.
Penn National Gaming Inc. (NASDAQ: PENN) was raised to Buy from Neutral at Goldman Sachs. Shares closed Friday at $16.59.
Yelp Inc. (NASDAQ: YELP) is downgraded to Neutral from Overweight at Piper Jaffray.
Zayo Group Holdings Inc. (NYSE: ZAYO) was raised to Neutral from Underperform at Macquarie. The price target goes to $26 from $25.
In case you missed Friday’s top analyst upgrades, downgrades and initiations, they included Apple, Clovis Oncology, Deere, J.C. Penney, Wynn Resorts and Yum! Brands.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
