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Top Analyst Upgrades and Downgrades: Analog Devices, At Home, Boston Beer, PagSeguro, Redfin, Sirius XM, United Tech and More
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Stocks were indicated to open higher on Monday, after the prior week’s rally was 5% for the Dow Jones industrials and S&P 500, and after President Trump has reached a deal with Mexico to avoid tariffs. With weaker economic data, which currently is being cheered as a view that the Federal Reserve will cut interest rates sooner, investors need to be considering how they want their portfolios and assets positioned for the rest of 2019 and beyond.
24/7 Wall St. reviews dozens of analyst research reports each day of the week. Our goal is to find new trading and investing ideas for our readers. Some of the daily analyst calls cover stocks to buy, but other calls cover stocks to sell or to avoid.
We have provided these calls in a quick-hit summary for easy reading. Additional commentary and trading data have been added on some of the most important and interesting daily analyst reports. The consensus analyst price targets and other valuation metrics are from the Refinitiv (Thomson Reuters) sell-side research service.
These are the top analyst upgrades, downgrades and initiations on Monday, June 10, 2019.
Analog Devices Inc. (NASDAQ: ADI) was raised to Buy from Sell and the price target was raised to $114 from $101 at Goldman Sachs. Shares closed up 0.7% at $100.69. They have a 52-week range of $76.62 to $118.54 and a consensus target price of $117.61.
Applied Therapeutics Inc. (NASDAQ: APLT) was started as Outperform and assigned a $24 target price (versus a $9.30 prior close) at Robert W. Baird.
At Home Group Inc. (NYSE: HOME) saw its value cut in half after earnings last week showed a decrease in its same-store sales. Morgan Stanley lowered its target to $8 from $30 when it downgraded the shares to Equal Weight from Overweight. Shares closed up 1.5% at $7.61. They have a 52-week range of $7.44 to $40.97 and a consensus target price of $26.09.
Boston Beer Co. Inc. (NYSE: SAM) was started as Neutral with a $320.40 target at Credit Suisse. Shares closed at $320.40. They have a 52-week range of $230.93 to $353.02 and a consensus target price of $289.18.
DuPont de Nemours Inc. (NYSE: DD) was started as Outperform with an $83 target price (versus a $73.64 close) at Cowen. Shares closed up 1.4% at $73.64. They have a 52-week range of $17.84 to $102.38.
Federated Investors Inc. (NYSE: FII) was raised to Overweight from Neutral and the target price was raised to $36 from $34 at JPMorgan. Shares closed down 0.5% at $31.76. They have a 52-week range of $22.06 to $33.77 and a consensus target price of $29.00.
Lazard Ltd. (NYSE: LAZ) was downgraded to Neutral from Buy at UBS.
Molson Coors Brewing Co. (NYSE: TAP) was started as Underperform with a $50 target price (versus a $56.97 close) at Credit Suisse. Shares closed down 1.3% at $56.97. They have a 52-week range of $53.41 to $71.04 and a consensus target price of $68.13.
PagSeguro Digital Ltd. (NYSE: PAGS) was started with a Buy rating and assigned a $40 target price at Goldman Sachs. Shares closed up 2.6% at $35.77. They have a 52-week range of $17.02 to $36.18 and a consensus target price of $30.10.
Postal Realty Trust Inc. (NYSE: PSTL) was started as Buy with an $18 target at Stifel. BMO started it at Outperform with an $18 target.
Redfin Corp. (NASDAQ: RDFN) was raised to Overweight from Underweight and the price target was raised to $23 from $18 at Stephens. Shares closed up 4.8% at $16.85. They have a 52-week range of $13.50 to $26.01 and a consensus target price of $21.38.
Sirius XM Holdings Inc. (NASDAQ: SIRI) was raised to Outperform from Neutral at Credit Suisse. Shares closed at $5.31. They have a 52-week range of $5.23 to $7.70 and a consensus target price of $6.81.
StoneCo Ltd. (NYSE: STNE) was started with a Buy and assigned a $37 price target (versus a $26.63 close) at Goldman Sachs. Shares were indicated up over 4% at $27.90 on the analyst call.
United Technologies Corp. (NYSE: UTX) was raised to Buy from Neutral at Seaport Global on the heels of its merger of equals with Raytheon. Shares closed up 0.4% at $132.15. They have a 52-week range of $100.48 to $144.40 and a consensus target price of $151.50.
Banco Bradesco S.A. (NYSE: BBD) was started with a Sell rating and Banco Santander (Brasil) S.A. (NYSE: BSBR) was started as Neutral by Goldman Sachs. The firm also started Itau Unibanco Holding S.A. (NYSE: ITUB) with a Sell rating.
Zacks has its Bull and Bear of the Day calls for Monday. MasTec Inc. (NYSE: MTZ) was the Bull of the Day, with the successful infrastructure firm called as being in line to benefit from up to $2 trillion in federal spending. The Bear of the Day was Franklin Financial Network Inc. (NYSE: FSB), with Zacks noting that the low interest rate climate and executive departures are spelling headwinds for this lender.
The analysts at Jefferies feel that some top retail stocks that suffered through a horrible spring due to weather could really pop this summer.
Five stocks under $10 with large upside potential were recently given big Buy or Outperform ratings.
The top upgrades, downgrades and initiations seen on Friday, June 7, 2019, included American Tower, Applied Materials, Exelon, Hubspot, Schlumberger, Shopify, Splunk and Zendesk.
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