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Top Analyst Upgrades and Downgrades: Caesars, Chipotle, Host Hotels, Kellogg, McDonald's, Shopify, Starbucks, Tiffany and More
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The futures traded flat Tuesday morning as investors and traders across Wall Street looked toward the G-20 meeting in Japan and a slew of economic data that is due to hit the tape this week. Given the lofty valuation of the stock market now, investors need to be considering how they want their portfolios and assets positioned for the second half 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 ideas for traders and long-term investors alike. Some of the daily analyst calls cover stocks to buy. Other calls cover stocks to sell or 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 them. 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 Tuesday, June 25, 2019.
ANGI Homeservices Inc. (NASDAQ: ANGI) saw its target price lowered to $20 from $23 at Needham, and while the firm kept its Buy rating intact, it thinks the share price already reflects concerns around traffic and service request growth. The Wall Street consensus price target is $20.50. The stock closed Monday at $14.38.
Basic Energy Services Inc. (NYSE: BAS) was downgraded to Neutral from Overweight at Piper Jaffray, and the price target was lowered to $3. That compares with the $5.39 consensus target. The shares closed Monday at $2.43.
Caesars Entertainment Corp. (NYSE: CZR) was downgraded to Neutral from Buy at Nomura with a $12 price objective. The consensus target is $11.07. The gaming giant is being purchased by Eldorado Resorts, and the shares ended Monday at $11.44.
Cellular Biomedicine Inc. (NASDAQ: CBMG) was started with an Overweight rating and a $27 price target at Cantor Fitzgerald. The consensus target is higher at $32. The shares were last seen trading at $14.99.
Chipotle Mexican Grill Inc. (NYSE: CMG) was started with a Buy rating and a massive $870 price target at Credit Suisse. The consensus target is $681.67, and shares were last seen at $724.13.
Gates Industrial Corp. PLC (NASDAQ: GTES) was raised to Buy from Neutral at Goldman Sachs. The firm’s $15 price target compares with the $16.88 consensus target. The stock closed at $10.80.
GasLog Ltd. (NYSE: GLOG) was raised from Hold to Buy at Stifel, which also raised the price target to $18. The consensus target is $21.45, and the stock closed at $13.15.
Golar LNG Ltd. (NASDAQ: GLNG) saw its price target lowered to $22 from $30 at Cowen, although the stock remains one of the firm’s best small-mid-cap ideas. The consensus price target is $31.82. The stock closed at $16.52.
Grubhub Inc. (NYSE: GRUB) was raised to Buy from Neutral at Citigroup. The target price was lifted to $91 as well, while the consensus target is $97.13. The stock closed at $72.19, but shares were up almost 5% in Tuesday’s premarket.
Host Hotels & Resorts Inc. (NYSE: HST) was started with an Overweight rating and a $23 price target at Capital One. The consensus target is $21.11. The stock closed at $17.87.
Intercept Pharmaceuticals Inc. (NASDAQ: ICPT) was started with a Hold rating and an $89 price target at Stifel. That compares with the massive consensus target of $156.68. The shares closed at $79.69.
Kellogg Co. (NYSE: K) was downgraded to Underweight from Equal Weight at Consumer Edge Research. The cereal giant has traded in a 52-week range of $51.34 to $74.98, and the consensus price target is $58.82. The stock closed Monday at $55.79.
McDonald’s Corp. (NYSE: MCD) was started with a Buy rating at Credit Suisse, which placed a $230 price target on the fast-food behemoth, one of the most valuable brands in the world. The consensus target is $215, and the stock closed at $203.92
Mosaic Co. (NYSE: MOS) saw its price target raised to $30 from $26 at Cowen. The firm recently returned from a visit to Brazil to meet with management, visit production sites and inspected the progress made on mandated fixes to tailing dams at phosphate rock sites, and the progress is very positive. The consensus price target is $32.47. The shares were last seen at $23.43.
Shopify Inc. (NYSE: SHOP) was downgraded to Neutral from Outperform at Wedbush, which also raised its price target to $305. The consensus price target is $261.83. The stock closed Monday at $311.83, down almost 5% on the day.
Starbucks Inc. (NASDAQ: SBUX) was started with a Buy rating and a $92 price objective at Credit Suisse. The consensus target is $77.82. The stock closed Monday at $83.65.
Tiffany & Co. Inc. (NYSE: TIF) was downgraded to Hold from Buy at Loop Capital. Shares of the iconic jewelry firm have traded between $73.04 and $141.64 over the past 52 weeks. The consensus price target is $110.09. The stock was last seen at $91.85.
In case you missed it, check out Monday’s top analyst upgrades and downgrades. They included Deere, Dunkin’ Brands, Fortinet, Occidental Petroleum, Splunk, Spotify Technology, United Technologies and more.
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