Stocks managed to bounce on Tuesday, and the Dow Jones industrials and S&P 500 were both indicated higher on Wednesday morning as well. Many investors missed out on the recovery from late in March through September. With an election coming and with a slowing recovery situation, many investors are looking for new ideas and trying to decide how they want to be positioned with short-term interest rates at zero.

24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid.

Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.

These are the top analyst upgrades, downgrades and initiations from Wednesday, September 23, 2020.

Advance Auto Parts Inc. (NYSE: AAP) was named as the Bull of the Day at Zacks, which said that DIY trends in auto parts stay hot as tough economic times continue. Shares most recently closed at $150.11, with a consensus price target of $173.62.

AGCO Corp. (NYSE: AGCO) was started as Outperform at Bernstein. Shares closed up 1.4% at $71.80 on Tuesday, with a $74.73 consensus price target.

American Express Co. (NYSE: AXP) was downgraded to Underperform from Neutral and its price objective was lowered to $95 from $106 at BofA Securities. The stock was up 0.3% at $98.48 a share on Tuesday and was indicated down 1.6% at $96.85 on Wednesday morning. It had a $104.76 consensus target price ahead of the downgrade.

Carvana Co. (NYSE: CVNA) closed up 30% at $226.83 on Tuesday. The stock was reiterated as Buy at Needham, which raised its target price to $265 from $200.

Cassava Sciences Inc. (NASDAQ: SAVA) was raised to Buy from Neutral with a $20 price target at H.C. Wainwright. Its shares closed up 6.4% at $10.45 on Tuesday, with a $14.00 consensus target price.

CME Group Inc. (NASDAQ: CME) was raised to Overweight from Neutral and its target price was raised to $195 from $176 (versus a $166.59 prior close) at Atlantic Equities.

CSX Corp. (NYSE: CSX) was raised to Overweight from Neutral with a $92 price target (versus a $77.93 close) at Atlantic Equities. It had an $80.74 consensus target price.

Cummins Inc. (NYSE: CMI) was started with an Outperform rating and a $255 price target at Bernstein.

Deere & Co. (NYSE: DE) was started with a Market Perform rating at Bernstein.

Hasbro Inc. (NASDAQ: HAS) was raised to Outperform from Market Perform and its target price was raised to $90 from $69 BMO Capital Markets. The stock closed down 0.8% at $75.45 on Tuesday but was indicated up 2% at $77.01 on Wednesday. It had an $88.21 consensus target price.

HubSpot Inc. (NYSE: HUBS) was maintained as Equal Weight but its target was raised to $270 from $245 at Wells Fargo. Shares closed down 0.9% at $282.18 on Tuesday, with a $269.76 consensus target price. Truist Securities reiterated its Buy rating and maintained its $295 price target.

Leidos Holdings Inc. (NYSE: LDOS) was upgraded to Overweight from Equal Weight and its price target was raised to $110 from $109 at Barclays. The stock closed up 3.6% at $91.60 on Tuesday and was indicated up 1% at $92.50 on Wednesday.

MediWound Ltd. (NASDAQ: MDWD) was started with a Buy rating and a $6 price target (versus a $3.58 close) at BTIG.

Nike Inc. (NYSE: NKE) was up 3% at $116.87 ahead of earnings but traded up another 12% at $131.00 afterward. Deutsche Bank upgraded Nike to Buy from Hold and raised its target to $151 from $107. Wells Fargo reiterated its Overweight rating and raised its target to $135 from $110.

NiSource Inc. (NYSE: NI) was raised to Buy from Hold with a $25 target price (versus a $22.08 close) at Jefferies.

Oshkosh Corp. (NYSE: OSK) was started with a Market Perform rating at Bernstein.

PACCAR Inc. (NASDAQ: PCAR) was started with a Market Perform rating at Bernstein.

Republic Services Inc. (NYSE: RSG) was downgraded to Neutral from Overweight at JPMorgan.

Rogers Communications Inc. (NYSE: RCI) was named as the Zacks Bear of the Day stock. The firm said this north of the border stock is heading south. Shares last closed at $39.05 and have a consensus price target of $54.02.

Stitch Fix Inc. (NASDAQ: SFIX) was up almost 8% at $31.38 a share ahead of earnings but traded down 15% at $26.70 ahead of Wednesday’s open. Needham maintained its Buy rating but cut its target to $34 from $36.

Tesla Inc. (NASDAQ: TSLA) was down 5.6% at $424.23 ahead of its Battery Day event, and shares were indicated down another 5.6% at $401.00 ahead of Wednesday’s open. Tesla was given a top bearish call at Robert W. Baird, based on a lack of catalysts from the event, Deutsche Bank upgraded it to Buy from Hold and raised its target price to $500 from $400.

Trimble Inc. (NASDAQ: TRMB) was started with an Outperform rating and a $61 price target (versus a $48.55 close) at Bernstein.

Twitter Inc. (NYSE: TWTR) was raised to Buy from Hold and its target price was raised to $59 from $36 (versus a $42.73 close) at Pivotal Research. It had a $37.04 consensus target price.

United Rentals Inc. (NYSE: URI) was started with a Market Perform rating at Bernstein.

Vaccinex Inc. (NASDAQ: VCNX) was downgraded to Neutral from Buy at BTIG.

Waste Management Inc. (NYSE: WM) was downgraded to Underweight from Neutral at JPMorgan.

ZoomInfo Technologies Inc. (NASDAQ: ZI) was raised to Overweight from Equal Weight with a $46 price target at Wells Fargo.

Tuesday’s top analyst upgrades and downgrades included Alibaba, Amazon.com, Apple, Carvana, Illumina, NextEra Energy, Nikola, Shake Shack, Teladoc Health and WPX Energy.

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