Investing
Top Analyst Upgrades and Downgrades: Boeing, Five Below, Halliburton, Janus Capital, Kroger, Lululemon, Seadrill and Many More
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Stocks were indicated higher on Thursday after the Dow was up almost 300 points on Wednesday. This is only a slight recovery from the dips that we saw earlier this week on both Monday and Tuesday. The Dow and S&P 500 are both down more than 10% from their highs.
24/7 Wall St. reviews dozens of analyst research reports each day to find new trading and investing ideas for its readers. Some of these analyst calls cover stocks to buy, while other calls cover stocks to sell or avoid. These are this Thursday’s top analyst upgrades, downgrades and initiations.
Boeing Co. (NYSE: BA) was maintained with a Sector Perform rating and a $145 price target (upside of 11%), versus a close of $130.63. The stock has a consensus analyst price target of $164.95 and a 52-week trading range of $115.14 to $158.83.
eBay Inc. (NASDAQ: EBAY) was upgraded to a Neutral rating by Piper Jaffray. Shares closed Wednesday at $26.87, in a 52-week trading range of $19.50 to $29.35. The stock has a consensus price target of $34.50.
Five Below Inc. (NASDAQ: FIVE) recently reported its earnings, prompting analysts to weigh in on the stock. Credit Suisse maintained an Outperform rating with a $39 price target (versus a $38.01 close), despite weaker-than-expected earnings. The consensus price target is $43.47, and the 52-week range is $28.51 to $47.89.
Halliburton Co. (NYSE: HAL) was upgraded to a Buy with a $44 price target (versus a $38.17 close) at HSBC. The consensus analyst price target is $52.83. The 52-week trading range is $30.93 to $67.94.
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Janus Capital Group Inc. (NYSE: JNS) was maintained at a Market Perform rating by Keefe Bruyette & Woods with a $15.30 price target, just slightly above Wednesday’s closing price of $14.45. The stock has a consensus price target of $18.22 and a 52-week trading range of $10.95 to $18.98.
Kroger Co. (NYSE: KR) was maintained at Equal Weight with a $38 price target by Barclays, implying upside of nearly 10% from the most recent close of $34.65. The consensus analyst price target is $40.64, and the 52-week range is $25.42 to $39.43.
Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Outperform with a $78 price target (versus a $65.36 close) by Wedbush. The consensus price target is $68.59, and the 52-week range is $37.81 to $70.00.
Seadrill Ltd. (NYSE: SDRL) was downgraded by Credit Suisse to Underperform with a $5 price target (versus a $7.41 close). It is worth noting that this downgrade is the most bearish price target. The consensus price target is $12.09. The 52-week trading range is $6.15 to $36.03.
Schlumberger Ltd. (NYSE: SLB) was maintained at a Buy rating by HSBC, with a $96 price target, compared to a $75.41 close on Wednesday. However, Citigroup upgraded the stock to a Buy rating with an $87 price target. The stock has a consensus price target of $99.93 and a 52-week range of $68.01 to $108.27.
Twitter Inc. (NYSE: TWTR) was maintained as a Buy rating with a $40 price target, by Canaccord Genuity, implying an upside of about 44% from Wednesday’s close of $27.82. The stock has a consensus analyst price target of $39.73 and a 52-week trading range of $21.01 to $55.99.
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In case you missed Wednesday’s top analyst upgrades and downgrades, they included ARM Holdings, AT&T, Hasbro, Lending Club, PNC Financial Services, Vodafone and Walt Disney.
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