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Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More
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The futures traded lower again Monday morning as we look to see some follow-through selling in the wake of the announcement on the tariffs starting on some overseas products in early July. Investors should be heartened by the outstanding economic news that continues to pour in, and with only two weeks left in the second quarter, it’s a solid bet that earnings will be very positive.
Some investors are reconsidering what the nine-year bull market may bring for the rest of 2018 and beyond. It has become very clear that the multiyear trend of buying pullbacks is now more vulnerable to sellers, volatility and each major news headline. Many investors are finding it harder to decide how they want their assets positioned for the longer term.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new investing and trading ideas for our readers. Some of the top analyst reports cover stocks to buy. Other analyst calls cover stocks to sell or avoid.
Additional color and commentary have been added on some of these daily analyst calls. The consensus analyst price target data are from the Thomson Reuters sell-side research service.
These were the top analyst upgrades, downgrades and other research calls from Monday, June 18, 2018.
BlackRock Inc. (NYSE: BLK) was raised to Buy from Neutral at Citigroup. The 52-week trading range for the financial conglomerate is $408.62 to $594.64. The Wall Street consensus price target is $608. The shares closed trading last Friday at $524.52.
Chevron Corp. (NYSE: CVX) was raised to Outperform from Market Perform at Raymond James. The company has traded in a 52-week range of $102.55 to $133.88. The consensus price target is $145.13. The stock ended trading on Friday at $124.04.
Chubb Ltd. (NYSE: CB) was downgraded to Neutral from Buy at Goldman Sachs. The trading range over the past year is $128.82 to $157.50. The consensus price target is $161.94, and shares ended trading on Friday at $130.88.
Walt Disney Co. (NYSE: DIS) was downgraded to Sell from Neutral at Pivotal Group, which also had a $92 price target on the shares. The consensus price target is $119.08. The stock closed Friday at $108.85.
Global Payments Inc. (NYSE: GPN) was downgraded to Neutral from Buy at Goldman Sachs. The shares have traded in a 52-week range of $87.68 to $117.87. The consensus price target is $124.57. The shares ended trading last Friday at $117.50.
Intel Corp. (NASDAQ: INTC) was downgraded to Underperform from Market Perform at Northland Capital. The 52-week trading range for the venerable semiconductor leader is $33.23 to $57.70, and the consensus price target is $59.41. The shares closed on Friday at $55.11.
International Paper Co. (NYSE: IP) was resumed in coverage with a Hold rating with a $64 price target at Deutsche Bank. The consensus target is $67.17, and the stock closed Friday at $55.43 a share.
Kinder Morgan Inc. (NYSE: KMI) was raised to Outperform from Market Perform at Raymond James. The 52-week trading range for the stock is $14.69 to $21.25, and the consensus price objective is $20.55. The shares closed Friday at $16.77.
Regions Financial Inc. (NYSE: RF) was raised to Outperform from Sector Perform at RBC Capital Markets. The 52-week trading range is $13.03 to $20.21, and the consensus price target is $20.45. The shares closed Friday at $18.59.
Other key analysts upgrades and downgrades were seen in the following:
Arch Capital Group Ltd. (NASDAQ: ACGL) was started with a Neutral rating and an $88 price target at Goldman Sachs. The consensus target is $97.09, and shares closed trading last Friday at $80.51.
Bank of the Ozarks Inc. (NASDAQ: OZRK) was started with a Buy rating at Citigroup, and the target price was posted at $62. The consensus target for the bank is $56.92. The stock ended trading Friday at $47.75.
Cheesecake Factory Inc. (NASDAQ: CAKE) was downgraded to Neutral from Buy at BTIG Research. The 52-week trading range is $38.84 to $58.83, and the consensus price target is $52.10. The shares closed Friday at $57.86, so this may be a valuation call.
DHT Holdings Inc. (NYSE: DHT) was raised to Outperform from Market Perform at Wells Fargo. The stock has traded in a 52-week range of $3.27 to $4.44, and the consensus price target is set at $5.04. The stock closed last Friday at $4.08.
GreenSky Inc. (NASDAQ: GSKY) was started with a Buy rating with a $30 price target at Guggenheim, while Merrill Lynch started the company with a Neutral rating with a $26 price objective. Goldman Sachs starts coverage with Buy rating and a $31 target. The stock had an IPO in late May and has traded from $22.05 to $27.01 since the deal priced. The stock closed Friday at $24.24.
Frontline Ltd. (NYSE: FRO) was raised to Outperform from Market Perform at Wells Fargo. The 52-week trading range for the shares is $3.79 to $6.50. The consensus price objective is $5.10, and the stock closed above that level on Friday at $5.48.
IQVIA Holdings Inc. (NYSE: IQV) was raised to Outperform from Neutral at Baird. The stock has traded in a 52-week range of $87.120 to $110.67, and the consensus price target is set at $115.44. The shares closed Friday at $103.28.
Redfin Corp. (NASDAQ: RDFN) was downgraded to Sell from Neutral at Goldman Sachs. The stock has traded between $15.82 and $33.49 over the past year. The consensus price target is $24.60. The shares ended trading Friday at $24.03.
In case you missed it, last Friday’s top analyst upgrades and downgrades included AMD, Delphi, Domino’s Pizza, Southwest Airlines, Square, United Technologies and more.
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