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Top Analyst Upgrades and Downgrades: AMD, CenturyLink, Delphi, GM, Ford, Intel, KB Home, Micron, Nordstrom, Nvidia, Tesla, Zscaler and More
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Stocks were indicated to open slightly lower on Thursday after Wednesday’s rally failed to materialize into gains on the S&P 500 and Dow Jones industrial average. Volatility remains high while the indexes are all close to all-time highs. This is a time when investors have many reasons to remain cautious, but they also need to consider how they want their assets positioned for the rest of 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 Refinitiv (Thomson Reuters) sell-side research service.
These were the top analyst upgrades, downgrades and initiations seen on Thursday, June 27, 2019.
Advanced Micro Devices Inc. (NASDAQ: AMD) was started as Outperform with a $35 target price (versus a $28.86 prior close) at Wedbush Securities.
CenturyLink Inc. (NYSE: CTL) was raised to Outperform from Market Perform at Wells Fargo. The stock closed up 1.5% at $10.91 and was indicated up 2.7% at $11.30, with a consensus target price of $12.77 and a 52-week trading range of $9.64 to $24.20.
Delphi Technologies PLC (NYSE: DLPH) was started as Neutral with a $21 price target (versus a $19.23 close) at Credit Suisse.
Digital Turbine Inc. (NASDAQ: APPS) was started with a Buy rating and assigned a $6 target price (versus a $44.68 close) at Canaccord Genuity. The stock has a 52-week range of $1.12 to $4.96.
Intel Corp. (NASDAQ: INTC) was started as Underperform with a $37.50 target price (versus a $46.85 close) at Wedbush.
KB Home (NYSE: KBH) was reiterated as Neutral at Wedbush after earnings, but the $22 prior target was raised to $25 in the call. Shares closed at $23.53 ahead of the call. KeyBanc Capital Markets raised KB Home to Overweight from Sector Weight and set the target price at $30.
Ford Motor Co. (NYSE: F) was started with an Outperform rating and assigned a $13 target price (versus a $9.91 close) at Credit Suisse.
General Motors Co. (NYSE: GM) was started as Outperform with a $48 price target (versus a $38.13 close) at Credit Suisse.
Lear Corp. (NYSE: LEA) was started as Neutral at Credit Suisse.
Micron Technology Inc. (NASDAQ: MU) was started as Neutral with a $30 target price (versus a $32.68 close) at Wedbush.
Nomad Foods Ltd. (NYSE: NOMD) was started with a Buy rating and assigned a $25 target (versus a $20.34 close) at Goldman Sachs. It has a $25.48 consensus target price.
Nordstrom Inc. (NYSE: WN) was downgraded to Sell from Neutral and the price target was lowered to $30 from $37 (versus a $32.20 close) at Goldman Sachs. Nordstrom was indicated down 2.6% at $31.36 on Thursday, in a 52-week range of $30.55 to $67.75 and with a prior consensus target price of $38.75.
Nvidia Corp. (NASDAQ: NVDA) was started as Outperform with a $184 target price (versus a $151.48 close) at Wedbush.
Owens Corning (NYSE: OC) was raised to Buy from Neutral at Merrill Lynch and raised to Neutral from Sell at Seaport Global. Shares closed up 7.3% at $54.60 on Wednesday and were indicated up 0.7% at $54.95 on Thursday. The prior consensus target price was $57.94.
Patterson-UTI Energy Inc. (NASDAQ: PTEN) was downgraded to Market Perform from Outperform at Wells Fargo.
Ross Stores Inc. (NASDAQ: ROST) was downgraded to Sell from Neutral and the target price was lowered to $91 from $102 (versus a $102.40 close) at Goldman Sachs.
Schlumberger Ltd. (NYSE: SLB) was started with a Buy rating and assigned a $55 target price (versus a $39.02 close) at Gabelli. Schlumberger has a 52-week range of $34.46 to $69.61 and a consensus target price of $51.77.
Seagate Technology PLC (NASDAQ: STX) was started as Neutral with a $35 target price (versus a $46.21 close) at Wedbush.
Take-Two Interactive Software Inc. (NASDAQ: TTWO) was started with a Buy rating and assigned a $125 target price (versus a $111.55 close) at SunTrust Robinson Humphrey.
Tesla Inc. (NASDAQ: TSLA) was started with an Underperform rating and assigned a $189 target price at Credit Suisse. It previously closed at $219.27, in a 52-week range of $176.99 to $387.46.
Travelers Companies Inc. (NYSE: TRV) was downgraded to Sell from Hold at Deutsche Bank.
Western Digital Corp. (NASDAQ: WDC) was started as Underperform with a $32.50 target price (versus a $41.10 close) at Wedbush.
W.R. Berkley Corp. (NYSE: WRB) was downgraded to Sell from Hold at Deutsche Bank.
Zscaler Inc. (NASDAQ: ZS) was reiterated as Outperform and the price target was raised to $87 from $82 (versus a $74.30 close) at Wedbush Securities.
The top analyst upgrades and downgrades on Wednesday included AbbVie, Archer Daniels Midland, ConocoPhillips, FedEx, Fox, Kinder Morgan, Lennar, Micron Technology, Slack Technologies and Virtu Financial.
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