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Top Analyst Upgrades and Downgrades: Comcast, Diamond Offshore, Home Depot, KB Home, Liberty Global, Wayfair and More

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The futures traded slightly lower Wednesday morning after Speaker Pelosi announced on Tuesday that she is planning a formal impeachment inquiry of the president. Investors were not pleased when the headlines hit the tape yesterday, and we could have some follow-through selling today. This is a time when investors should be considering exactly how they want their portfolios and assets positioned for the final months 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 the calls. 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 Wednesday, September 25, 2019.

Arvinas Inc. (NASDAQ: ARVN) was started with an Outperform rating at Wedbush, which has a $35 price target on the shares. That compares with the Wall Street consensus target of $29.50. The stock closed Tuesday at $23.67.

Berry Global Group Inc. (NASDAQ: BERY) was raised to Buy from Neutral at Merrill Lynch. The analysts have set the price target for the stock at $51. The consensus target is higher at $58.25, and shares were last seen trading at $39.18.

BancCorpSouth Bank (NYSE: BXS) was raised to Buy from Hold at SunTrust, which raised its price target to $33. That compares to the consensus target of $30.78. The stock ended trading Tuesday at $29.07.

Chart Industries Inc. (NASDAQ: GTLS) was started with a Neutral rating and a $73 price target at JPMorgan. The consensus figure is much higher at $101.90. The last trade on Tuesday came in at $65.14.

Comcast Corp. (NASDAQ: CMCSA) was started with a Buy rating at Benchmark, which has a $64 price target for the cable and media giant. The consensus target is much lower at $49.92. The shares closed Tuesday at $45.71.

Diamond Offshore Drilling Inc. (NYSE: DO) was downgraded to Sector Perform from Outperform at RBC Capital Markets. The firm also dropped the price target to $10. The consensus target is $8.17. The shares closed on Tuesday at $6.91.

Glu Mobile Inc. (NASDAQ: GLUU) was started with a Buy rating and an $8 target at D.A. Davidson. That compares to the consensus target of $7.89. The stock ended Tuesday trading at $4.74.

Hilton Grand Vacations Inc. (NYSE: HGV) was downgraded to Neutral from Buy at Janney, which has a $36 target. The consensus target is $34.86, and the closing price Tuesday was $32.69.


Home Depot Inc. (NYSE: HD) saw its target price raised to $220 at Telsey Advisory Group after the firm met with the retailer’s chief financial officer. The consensus price target is $226.89, and the stock ended Tuesday at $225.81.

Huron Consulting Group Inc. (NASDAQ: HURN) was named as the Bull of the Day at Zacks, which said that this health care focused firm is expected to grow earnings by the double digits this year. Its shares most recently closed at $61.22, with a consensus price target of $67.33.

Ichor Holdings Ltd. (NASDAQ: ICHR) was downgraded from Outperform to Market Perform with a $26 price target at Cowen. The consensus target is $26.38, and the stock closed right in line at $26.00 on Tuesday.

KB Home (NYSE: KBH) was raised from Market Perform to Outperform with a $35 price target at Raymond James. The consensus target is $31.17. The stock closed above that level on Tuesday at $31.44.

Lennar Corp. (NYSE: LEN) is another builder that was raised to Outperform from Market Perform at Raymond James, which has a $61 price objective here. The consensus target is set at $60.13. The stock was last seen trading at $55.20.

Liberty Global PLC (NASDAQ: LBTYA) was downgraded to Equal Weight with a $30 price target from Overweight at Barclays. The consensus target is slightly lower at $29.37. The stock closed Tuesday at $24.74.

MSCI Inc. (NYSE: MSCI) was started with a Neutral rating and a $235 price target at Atlantic Equities. The consensus target is $247.50. The closing trade on Tuesday came in at $225.61.

Nabors Industries Inc. (NYSE: NBER) was downgraded to Sector Perform from Outperform at RBC Capital Markets. The stock has traded in a 52-week range of $1.60 to $6.65, with a $3.51 consensus price target. The shares closed trading on Tuesday at $2.17 and were slightly lower in premarket action.

Thor Industries Inc. (NYSE: THO) was named as the Zacks Bear of the Day stock. The firm said that it thinks the North American RV market may be near the bottom. Shares last closed at $50.55. The consensus price target is $64.00.

Ultra Clean Holdings Inc. (NASDAQ: UCTT) was downgraded to Market Perform from Outperform at Cowen, which also lowered the target price to $18. The current consensus target is $17.60. Shares were last seen on Tuesday at $16.05.

Viper Energy Partners L.P. (NASDAQ: VNOM) was started with a Buy rating and a price objective of $35 at Goldman Sachs. That compares to the higher consensus target of $39.81. The stock ended Tuesday trading at $29.24.

Wayfair Inc. (NYSE: W) was started with a Neutral rating and a $125 price target at UBS. The consensus target is much higher at $154.41. The stock closed Tuesday at $116.04.

Tuesday’s top analyst upgrades and downgrades included Apple, Blackstone, CBS, Global Payments, Netflix, Ralph Lauren, Walt Disney, Wynn Resorts and many more.

 

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