Top Analyst Upgrades and Downgrades: FedEx, GameStop, Navistar, Time Warner, UPS and More

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By Lee Jackson Updated Published
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Top Analyst Upgrades and Downgrades: FedEx, GameStop, Navistar, Time Warner, UPS and More

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[cnxvideo id=”625490″ placement=”ros”]For the second day running, the Dow Jones Industrial Average attempted to rise to the 20,000 level, only to falter and back up some. With the market volume drying up fast as the Christmas holiday approaches, it’s looking more and more like the historical level may have to wait a little longer. The futures were trading slightly lower this morning, so we may open down again.

24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.

These are this Friday’s top analyst upgrades, downgrades and initiations.

Atwood Oceanics Inc. (NYSE: ATW) was reiterated with a Hold rating at Jefferies, but the firm raised its price target on the shares to $13 from $8. That compares with a Wall Street consensus price objective of $8.90. The 52-week trading range for the stock is $4.82 to $15.87. The stock closed Thursday at $13.55.

Ensco PLC (NYSE: ESV) was reiterated at Hold at Jefferies, but the price target for the shares went to $9.50 from $9.00. The consensus price objective is $9.23, and the 52-week range is $6.50 to $16.10. The stock closed yesterday at $10.03.

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FedEx Corp. (NYSE: FDX) was started with a Buy rating at Aegis Capital. The firm has a $215 price target, which compares to the Wall Street consensus target of $206.10. The 52-week range is $119.71 to $201.71, and shares closed yesterday at $190.89.

GameStop Corp. (NYSE: GME) was started with a Buy rating at Mizuho, with a $35 price target. That compares with a consensus target of $27.18. The 52-week range is $20.20 to $33.72. The stock closed yesterday at $25.06.

Glu Mobile Inc. (NASDAQ: GLUU) was started with a Neutral rating and a $2.30 price objective at Mizuho. The Wall Street estimate is $2.56. The 52-week range is $1.73 to $4.00, and the stock closed yesterday at $2.10.

Navistar International Corp. (NYSE: NAV) was started with a Buy rating and a $36 price objective at Aegis Capital. That compares with a consensus target of $24.08. The 52-week range is $5.78 to $32.84. The stock closed yesterday at $30.93.

Orbotech Ltd. (NASDAQ: ORBK) was started with a Buy rating at Jefferies, which also put a $41 price target on the shares. That compares to a street consensus of $34.60. The 52-week range is $19 to $34.35. The stock closed Thursday at $32.76.

Skechers USA Inc. (NYSE: SKX) was raised to Buy at a firm called Monness Crespi & Hardt, which put a $30 price target on the shares. The consensus price objective is $26.13, and the 52-week range is $18.81 to $34.27. The stock closed Thursday at a$24.05.

Sun Life Financial Inc. (NYSE: SLF) was downgraded to Hold from Buy at Argus. The 52-week trading range is $25.31 to $39.87. The consensus price target is $39.48. The shares closed at $38.65, so this could be a valuation call.

Time Warner Inc. (NYSE: TWX) was downgraded to Hold from Buy at Brean Capital. The 52-week range is $55.53 to $96.57. The consensus price target is $102.34. With the shares closing at $96.46, this could also be a valuation call.

Titan International Inc. (NYSE: TWI) was started with a Buy rating at Aegis Capital. The firm has a $15 price objective for the shares, which compares with a consensus target of $11.13. The 52-week range is $2.50 to $12.14.

United Parcel Service Inc. (NYSE: UPS) was started at Hold with a $120 price target at Aegis Capital. The consensus price target is $115.55, and the 52-week range is $87.30 to $120.44. Shares closed on Thursday at $116.30.

Zynga Inc. (NASDAQ: ZNGA) was started with a Buy rating at Mizuho. Its price target is $3.50, which compares to a street consensus target of $3.25. The 52-week range is $1.78 to $3.08. Shares closed Thursday at $2.56.

Thursday’s top analyst upgrades and downgrades included Akamai Technologies, Microsoft, Oracle, Procter & Gamble, Red Hat, Wynn Resorts and more.

Follow @Jonogg on Twitter to see daily analyst upgrades and downgrades and other key research items directly on your own feed.

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About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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