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Top Analyst Upgrades and Downgrades: CenturyLink, Chipotle, Enterprise Products, Kinder Morgan, Microsoft, Vivint Solar and More
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Stocks were indicated lower on Thursday, making St. Patrick’s Day perhaps the only green market. The markets are almost flat again for 2016, so investors are now confused over whether they should be selling the rallies or buying the dips after the wild start of this year.
24/7 Wall St. reviews dozens of analyst reports each morning to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, and others cover stocks to sell or avoid.
These are the top analyst upgrades, downgrades and initiations seen on Thursday, March 17, 2016.
CenturyLink Inc. (NYSE: CTL) was downgraded to Underperform from Hold at Jefferies, which cut the price target to $24 from $25 (versus a $32.17 prior close). The firm thinks that secular challenges hurting CenturyLink are unlikely to abate and that the 28% gain in 2016 has been unwarranted. The consensus analyst price target is $29.71, and the 52-week trading range is $21.94 to $37.00.
Chipotle Mexican Grill (NYSE: CMG) was downgraded to Underperform from Hold at Jefferies, and the price target was lowered to $350 from $390. Merrill Lynch maintained its Neutral rating and $570 price objective. Chipotle was downgraded to Sell from Hold with a $350 price target at Maxim Group just a day earlier.
Kinder Morgan Inc. (NYSE: KMI) was downgraded to Neutral from Outperform at Credit Suisse in that MLP sector downgrade. Note that Credit Suisse previously upgraded Kinder Morgan and said that it did not see how the shares could drop much further, and shares have rallied since then.
Microsoft Corp. (NASDAQ: MSFT) was assumed with an Outperform rating and a $62 price target (versus a $54.35 close) at Oppenheimer. The firm sees Microsoft implementing the right strategy to be at the forefront of the next generation of computing and to defend and grow its market share. The consensus price target is $58.55, and the 52-week range is $39.72 to $56.85.
Vivint Solar Inc. (NYSE: VSLR) was maintained as Neutral at Credit Suisse, but the firm slashed the price target to $6 from $16 due to a tough period ahead with financing hurdles and a weakening base. Shares closed at $3.62, in a 52-week range of $3.45 to $16.00.
Other key analyst upgrades, downgrades and initiations seen on Thursday included the following:
In case you missed out on Wednesday’s analyst upgrades and downgrades, they included Chipotle Mexican Grill, Oracle, Orexigen, PulteGroup, Reynolds American, Valeant Pharmaceuticals and many more.
You can follow @Jonogg if you wish for the analyst reports and daily research and market calls to appear directly on your Twitter feed.
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