Investing

Wednesday's Top Analyst Upgrades and Downgrades

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Stocks opened marginally higher on Wednesday after a mixed week, with the Dow Jones industrials underperforming due to Boeing’s woes dominating the price-weighted index. It is important to keep in mind that the Dow had rallied some 3,500 points from its lows at the start of the year, prior to last week’s selling. Investors have to be considering how they want their investments and assets positioned for the rest of 2019.

24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new trading and investing 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 and trading data have been added on some of the daily analyst reports. The consensus analyst price targets mentioned and other valuation metrics are from the Thomson Reuters (Refinitiv) sell-side research service.

These are the top analyst upgrades, downgrades and initiations seen from Wednesday, March 13, 2019.

ADT Inc. (NYSE: ADT) had a rough Tuesday as the earnings reactions keep looking south. Its shares closed at $6.57 and were down another 1% on Wednesday morning. Citigroup downgraded the stock to Neutral from Buy and lowered its target to $8.25 from $13.00.

American Outdoor Brands Corp. (NASDAQ: AOBC) was downgraded to Neutral from Outperform with an $11 price target (versus a $9.65 prior close) at Wedbush.

Amphastar Pharmaceuticals Inc. (NASDAQ: AMPH) was last seen down over 12% at $21.21 after earnings. Piper Jaffray lowered its rating to Neutral from Overweight, and Needham lowered its rating to Hold from Buy.

Carnival Corp. (NYSE: CCL) was raised to Buy from Neutral with a $65 target price at Goldman Sachs. Shares closed at $55.26 and were up over 2% at $56.50 on Wednesday.

Cheniere Energy Partners L.P. (NYSE: CQP) was started as In-Line by Evercore ISI, a day after getting a reiterated Outperform at Credit Suisse.

Chipotle Mexican Grill Inc. (NYSE: CMG) was reiterated as Buy and the price target was raised to $700 from $620 at BTIG.

Comerica Inc. (NYSE: CMA) was downgraded to Neutral from Outperform at Wedbush Securities.

CVS Health Corp. (NYSE: CVS) was started as Outperform and assigned a $76 price target at Bernstein. It closed at $54.02 and was trading up almost 2% at $ $55.67 right after the opening bell.

Fifth Third Bancorp (NASDAQ: FITB) was reiterated as Outperform with a $33 target price (versus a $27.07 close) at Wedbush, which notied updated profitability targets and higher earnings estimates.

Hercules Capital Inc. (NYSE: HTGC) was down big on Tuesday after its CEO was reported to be involved in the list of people in the college entrance scandal. Wedbush lowered its target to $13.50 from $15 on Tuesday afternoon, and its shares were down another 1% at $12.02 after Wednesday’s opening bell after Compass Point downgraded it to Hold from Buy and B. Riley FBR downgraded it to Neutral from Buy. Keefe Bruyette & Woods also lowered its rating to Market Perform from Outperform.

Ingersoll-Rand (NYSE: IR) was started as Hold at Deutsche Bank.

Lennox International Inc. (NYSE: LII) was started as Hold at Deutsche Bank.

Roku Inc. (NASDAQ: ROKU) was downgraded to Sell from Hold with a $45 price target (versus a $68.70 close) at Loop Capital. Macquarie also downgraded it to Neutral from Outperform with a $57 price target. Shares were last seen down over 2% at $67.85.

Sanderson Farms Inc. (NASDAQ: SAFM) was raised to Neutral from Underweight at JPMorgan.

York Water Co. (NASDAQ: YORW) was downgraded to Neutral from Buy with a $36 price target (versus a $35.26 close) at Janney.

Tuesday’s top analyst calls were in shares of American Electric Power, Apple, Boeing, Coca-Cola, Eli Lilly, RingCentral, Tellurian Tesla, Vonage and many more.

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