Investing
Top Analyst Upgrades and Downgrades: Avis Budget, Bed Bath & Beyond, Canadian Solar, CBS, Electronic Arts, Goodyear, Nvidia, Tesla, Watts Water and More
Published:
Last Updated:
Stocks were indicated higher on Monday morning with mixed markets overseas. Prior to the January rally, investors had seen less upside chasing the dips and pullbacks. Investors now need to consider how they want their assets positioned for 2019 and beyond.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new ideas for investors and traders alike. Some of these analyst reports cover stocks to buy, while others cover stocks to sell or to avoid.
Additional commentary has been added on most of the daily analyst reports, along with trading history. The consensus analyst price targets and other valuation metrics are from the Thomson Reuters sell-side research service.
These were the top analyst upgrades, downgrades and initiations seen on Monday, February 11, 2019.
Alteryx Inc. (NYSE: AYX) was downgraded to Neutral from Outperform with a $72 price target (versus a $69.89 prior close) at Wedbush Securities.
Avis Budget Group Inc. (NASDAQ: CAR) was raised to Buy from Sell and the target price was raised to $35 from $30 (versus a $25.68 close) at Goldman Sachs. The 52-week range is $21.63 to $50.88, and the consensus target price was $41.25.
Bed Bath & Beyond Inc. (NASDAQ: BBBY) was downgraded to Hold from Sell and its target price was lowered to $12 from $12 (versus a $15.42 close) at Loop Capital. The 52-week range is $10.46 to $23.42, and the consensus target price is $13.13.
Canadian Solar Inc. (NASDAQ: CSIQ) was raised to Neutral from Sell at UBS. Shares closed most recently at $20.57, in a 52-week range of $11.37 to $22.19 and with a consensus target price of $17.74.
CBS Corp. (NYSE: CBS) was downgraded to Neutral from Overweight at Atlantic Equities. The stock closed at $49.56 a share ahead of this call, and it has a 52-week range of $41.38 to $59.59 and a consensus target price of $63.64.
ChemoCentryx Inc. (NASDAQ: CCXI) was started as Overweight and assigned a $20 price target (versus an $11.34 close) at Piper Jaffray.
Edison International (NYSE: EIS) was downgraded to Market Perform from Outperform at Wells Fargo. The stock closed at $58.08 ahead of the call, in a 52-week range of $45.50 to $71.00 and with a consensus target price of $65.90.
Electronic Arts Inc. (NASDAQ: EA) was raised to Buy from Neutral and the price objective was raised to $110 from $95 (versus a $97.60 close, after a 16% gain) at Merrill Lynch. EA has a consensus target price of $112.64, and its 52-week trading range is $73.91 to $151.26.
Goodyear Tire & Rubber Co. (NYSE: GT) was downgraded to Underperform from Neutral at Longbow Research. Shares closed down 9% at $18.69 on Friday and were indicated down almost 2% more at $18.36 on Monday. The 52-week range is $18.49 to $30.73, and the consensus target price is $23.38.
Lloyds Banking Group PLC (NYSE: LYG) was raised to Overweight from Equal Weight at Morgan Stanley. The American depositary shares closed at $2.94 on Friday, in a 52-week range of $2.43 to $4.01.
New Oriental Education & Technology Group Inc. (NYSE: EDU) was downgraded to Neutral from Overweight at JPMorgan.
Nvidia Corp. (NASDAQ: NVDA) was downgraded to Market Perform from Outperform and the price target was lowered to $175 from $250 (versus a $148.17 close) at Bernstein. The 52-week range is $124.46 to $292.76, and the consensus analyst target is $187.72.
Proteon Therapeutics Inc. (NASDAQ: PRTO) was raised to Outperform from Market Perform at JMP Securities. It closed at $2.78 and has a 52-week range of $1.50 to $2.90. Its market cap is only $53 million.
Regions Financial Corp. (NYSE: RF) was started with a Neutral rating Credit Suisse. The stock closed at $15.44 on Friday, and it has a 52-week range of $12.39 to $20.21 and a consensus target price of $17.43.
Tesla Inc. (NASDAQ: TSLA) was raised to Buy from Hold with a $450 target price (versus a $305.80 close) at Canaccord Genuity. Tesla has a 52-week range of $244.59 to $387.46. Its consensus target price is $328.71, but the range of price targets is $200 to $500, offering some additional color on how varied the coverage is here.
Watts Water Technologies Inc. (NYSE: WTS) was downgraded to Neutral from Buy but the price target was raised to $83 from $81 (versus an $81.79 close, after almost a 13% gain) at Janney. The 52-week range is $61.17 to $93.35. The consensus target price is $83.63.
Last Friday’s top analyst calls included American Airlines, ADM, BB&T, Cimarex, CRISPR, Editas, Grubhub, Kroger, NXP, Twitter, Walmart and many more.
Credit card companies are handing out rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.