Investing
Top Analyst Upgrades and Downgrades: DBV Tech, Keurig Dr. Pepper, Deere, Dow, GNC, Kinder Morgan, Mosaic, Symantec, Walt Disney and More
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Stocks were indicated to open marginally higher on Monday after gains of about 0.4% for the Dow and S&P 500 last week. This summer Monday is not seeing any vast amounts of new news rattling the markets, but investors know that can change in a tweet or almost instantly. Investors also have to be considering how they want their portfolios and assets positioned for the summer and into late 2019.
24/7 Wall St. reviews dozens of analyst research reports each day of the week in an effort to find new ideas for traders and long-term investors alike. Some of the daily analyst calls cover stocks to buy. Other analyst calls cover stocks to sell or stocks to avoid.
We have provided these calls in a quick-hit summary for easy reading and additional comments and trading data have been added on some of the calls. The consensus analyst price targets mentioned and other valuation metrics are from the Refinitiv (Thomson Reuters) sell-side research service.
These are the top analyst upgrades, downgrades and initiations from Monday, June 17, 2019.
DBV Technologies S.A. (NASDAQ: DBVT) was started as Buy and was assigned a $14 price target (versus $8.03 prior close) at Goldman Sachs. DBV Tech was indicated up almost 1% after the call.
Keurig Dr. Pepper Inc. (NYSE: KDP) was raised to Outperform from Market Perform and the target price was raised to $34 from $27 (versus $28.63 close) at BMO Capital Markets. Keurig Dr Pepper has a consensus analyst target price of $29.44.
Deere & Company (NYSE: DE) was raised to Outperform from Neutral and the price target was raised to $175 from $129 (versus $151.51 close) at Robert W. Baird. Deere has a consensus analyst target price of $157.50.
Diamondback Energy, Inc. (NASDAQ: FANG) was started as Outperform and was assigned a $135 target price (versus $98.95 prior close) at Credit Suisse. Diamondback has a consensus analyst target price of $155.45 and a 52-week range of $85.19 to $140.78.
Dow Inc. (NYSE: DOW) was downgraded to Market Perform from Outperform at BMO Capital Markets.
Endo International plc (NASDAQ: ENDP) was downgraded to Neutral from Buy and the target price was slashed down to $5.00 from $19.00 at Citigroup. Endo closed down 9.4% at $4.05 on Monday, with a 52-week range of $4.02 to $18.50. Endo was a $5.00 last Monday.
GNC Holdings, Inc. (NYSE: GNC) was started with a Hold rating and a $1.50 price target (versus $1.50 close) at Jefferies. GNC has a 52-week range of $1.32 to $4.65 and its market cap is now just $126 million.
Kinder Morgan, Inc. (NYSE: KMI) was downgraded to Hold from Buy with a $22 target price (versus $20.53 close) at Stifel.
Kontoor Brands, Inc. (NYSE: KTB) was started as Buy with a $35 target price at Guggenheim. Kontoor was started as Neutral at Piper Jaffray.
Lamb Weston Holdings (NYSE: LW) was started with a Neutral rating at JPMorgan.
LyondellBasell Industries N.V. (NYSE: LYB) was downgraded to Hold from Buy at Deutsche Bank.
The Mosaic Company (NYSE: MOS) was raised to Buy from Neutral at BofA Merrill Lynch. Mosaic closed down 2.1% at $22.36 on Friday and was indicated up 3.7% at $23.20 on Monday. Its consensus analyst target price was $32.47.
ReWalk Robotics Ltd. (NASDAQ: RWLK) was raised to Buy from Neutral and the target price was raised to $9.00 from $4.00 (versus $5.21 close, after a 4.6% drop) at H.C. Wainwright. ReWalk was indicated up about 6% at $5.55 on Monday.
Symantec Corporation (NASDAQ: SYMC) was raised to Buy from Neutral and the price target was raised to $23 from $22 (versus $19.36 close) at Mizuho. Symantec has a consensus analyst target price of $20.98 and a 52-week range of $17.43 to $24.77.
Vitamin Shoppe, Inc. (NYSE: VSI) was started with a Hold rating and a $4.00 price target (versus $4.13 close) at Jefferies. Vitamin Shoppe has a 52-week range of $3.32 to $13.95 and its market cap is now just $97 million.
The Walt Disney Company (NYSE: DIS) has been seeing upgrade after upgrade, but it was now downgraded to In-Line from Outperform at Imperial Capital. The firm noted that this is a valuation downgrade as the shares have risen 26% since its Outperform rating was assigned back late in 2018. Walt Disney shares closed down 9-cents at $141.65 on Friday, with a consensus analyst target price that is now $149.26 and versus a 52-week range of $100.35 to $142.95.
There are 5 new analyst calls from last week with stocks under $10 called to have gigantic upside potential.
Jefferies has 4 aggressive growth picks for the summer doldrums.
Here is a week’s worth of analyst ratings and economics for the entire week of June 14 in a quick 5-minute note.
Friday’s top analyst calls were in shares of Apple, Broadcom, Charter, Comcast, CommScope, ConEd, Next Era, Rockwell, Transocean and many more.
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