Investing
Top Analyst Upgrades and Downgrades: Newmont, Vodafone, Yelp, Western Digital, American Airlines, AT&T and More
Published:
Stocks were indicated higher again on Tuesday on hopes that a deal will be reached in Greece. Yet again, investors have bought every single pullback. 24/7 Wall St. reviews dozens of analyst and brokerage research reports each morning to find new trading and new investing ideas for its readers. Some analyst calls cover stocks to buy, and other calls are about stocks to sell or to avoid.
These are this Tuesday’s top analyst upgrades, downgrades and initiations.
American Airlines Group Inc. (NASDAQ: AAL) was downgraded to Equal Weight from Overweight at Morgan Stanley. The price target was cut to $49.00 (versus a $43.03 close). The consensus price target is $58.18 and the 52-week trading range is $28.10 to $56.20.
AT&T Inc. (NYSE: T) was raised to Buy from Neutral and the price target was raised to $42.00 from $34.00 (versus a $35.04 close) at UBS. Barclays raised its rating to Overweight and the price target was raised to $39.00 from $34.00. The consensus price target is $34.61, and the 52-week trading range is $32.07 to $37.48. The prior highest price target was $40.00.
Newmont Mining Corp. (NYSE: NEM) was reinstated as Outperform with a $30.00 price target (versus a $23.95 close) at Credit Suisse. Newmont’s consensus price target is $27.50 and the 52-week range is $17.60 to $27.90.
Vodafone Group PLC (NASDAQ: VOD) was raised to Buy from Neutral at Nomura. After closing at $37.59 per ADS, the U.S. consensus price target is $39.71, and the 52-week trading range is $28.63 to $39.46.
Western Digital Corp. (NASDAQ: WDC) was downgraded to Neutral from Overweight and the price target was cut to $92.00 from $105.00 (versus a $91.60 close) at JPMorgan. Western Digital has a consensus price target of $115.67 and a 52-week range of $82.85 to $114.69.
Yelp Inc. (NYSE: YELP) was started as Buy with a $60 price target (versus a $45.28 close) at Topeka Capital Markets. Yelp has a consensus price target of $53.69, and its 52-week trading range is $37.91 to $86.88.
ALSO READ: 5 Analyst Stocks Called to Rise 50% to 100%
Other key analyst upgrades and downgrades seen this Tuesday were as follows:
Angie’s List Inc. (NASDAQ: ANGI) was started as Hold with a $7 price target (versus a $6.23 close) at Topeka Capital Markets.
Choice Hotels International Inc. (NYSE: CHH) was downgraded to Sell from Neutral and the price target was cut to $51.00 from $58.00 (versus a $56.44 close) at UBS.
Coupons.com Inc. (NYSE: COUP) was started as Market Perform at William Blair.
Diageo PLC (NYSE: DEO) was raised to Buy from Neutral at Nomura.
Echo Global Logistics Inc. (NASDAQ: ECHO) was reinstated as Outperform with a target price of $39.00 (versus a $33.37 close) at Credit Suisse.
ALSO READ: 4 Cheap Tech Stocks With Huge Upside Calls
First Horizon National Corp. (NYSE: FHN) was raised to Market Perform from Underperform at Wells Fargo.
Lipocine Inc. (NASDAQ: LPCN) was started as Buy with a $15.00 price target (versus an $8.06 close) at Canaccord Genuity.
M&T Bank Corp. (NYSE: MTB) was raised to Market Perform from Underperform at Wells Fargo.
Molson Coors Brewing Co. (NYSE: TAP) was downgraded to Neutral from Buy at Nomura.
Perrigo Co. PLC (NASDAQ: PRGO) was started as Outperform with a $246 price target (versus a $186 close) at BMO Capital Markets.
Quest Diagnostics (NYSE: DGX) was downgraded to Neutral from Buy with a $76.00 price target (versus a $72.27 close) at Goldman Sachs.
Smith & Nephew PLC (NYSE: SNN) was raised to Buy from Neutral at UBS.
ALSO READ: Whoa — Facebook Now Worth More Than Wal-Mart?
Team Health Holdings Inc. (NYSE: TMH) was raised to Overweight from Sector Weight at KeyBanc Capital Markets.
Vanguard Natural Resources LLC (NASDAQ: VNR) was raised to Outperform from Market Perform with a $17.00 price target (versus a $14.83 close) at Raymond James.
Zumiez Inc. (NASDAQ: ZUMZ) was raised to Buy from Neutral with a price target of $35.00 (versus a $27.29 close) at B. Riley.
In case you missed Monday’s top analyst upgrades and downgrades, they included Alcoa, FireEye, MetLife, Micron Technology, Symantec and over a dozen other well-known companies.
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
