The futures traded lower Tuesday morning after a big start to the trading week on Monday, with all three major indexes and the Russell 2000 closing at all-time highs. Investors are cheering the possibility for a big stimulus package becoming a reality, and fourth-quarter earnings have been coming in very strong. Top analysts on Wall Street are still pointing to “bubble” metrics, like the massive retail stock and option trading and huge hedge fund leverage as examples. Many are urging caution.
With fourth-quarter earnings results still coming in, most across Wall Street are not only examining the results but looking to see what guidance for the first quarter and the rest of 2021 looks like. With the markets back to all-time highs, it makes sense for investors to start building some cash reserves while repositioning portfolios for the rest of 2021.
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 seen on Tuesday, February 9, 2021.
Beacon Roofing Supply Inc. (NASDAQ: BEAC) was raised to Outperform from Market Perform at BMO Capital Markets where they also raise the price target to $52. The shares were also raised to Sector Perform from Underperform at RBC Capital Markets with a $48 price target. The consensus across Wall Street is set at $44 and the stock closed Monday at $43.69, up over 3% on good earnings. The shares are up another 6% in premarket trading.
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Bilibili Inc. (NASDAQ: BILI) was downgraded to Neutral from Outperform at Credit Suisse, though the firm did raise the price target on the stock to $145. The consensus target is much lower at $95, and the shares were last seen Monday at $144.04, up almost 4% on the day. The stock was up an additional 2% in Tuesday’s premarket.
BridgeBio Pharma Inc. (NASDAQ: BBIO) was resumed in coverage at Goldman Sachs with a Buy rating and an $83 price target. The consensus target is lower at $69.75. Monday’s last trade came in at $72.35, after almost a 6% gain for the day.
Camden Property Inc. (NYSE: CPT | CPT Price Prediction) was upgraded to Outperform from Neutral at Baird, which also raised the price target to $109. BofA Securities downgraded it to Neutral from Buy and lowered the price target to $110. The lower $107.82 consensus target is still above Monday’s $101.96 per share close.
Constellation Brands Inc. (NYSE: STZ) was added to the Conviction Buy List at Goldman Sachs. The shares have traded in a 52-week range of $104.28 to $240.76 and have a $251.05 consensus price target. The last trade for Monday came in at $228.63.
Community Financial Corp. (NASDAQ: TCFC) was raised to Overweight from Neutral at Piper Sandler, which raised the price target to $34. The posted consensus target is $30.50. The stock rose almost 4% on Monday to close at $26.83. It was up almost 10% in the premarket, after posting stellar results yesterday.
Eagle Bulk Shipping Inc. (NASDAQ: EGLE) was started with a Buy rating and a $28 price target at BTIG Research. The consensus target is $24.86. The stock was closed on Monday at $21.57, down almost 5% for the day. Shares rebounded over 3% in premarket action.
Equity Residential Inc. (NYSE: EQR) was upgraded to Buy from Neutral at BofA Securities, which raised the price target to $78. The consensus target is just $61.17. The shares closed Monday at $55.08.
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Esperion Therapeutics Inc. (NASDAQ: ESPR) was downgraded to Sell from Neutral at Goldman Sachs, which also lowered the price target to $24. That is much lower than the $76 consensus target. Monday’s close was at $36.89, after more than an 8% for the day. However, shares were down over 4% in the premarket.
FedEx Corp. (NYSE: FDX) was named as the Bull of the Day at Zacks, which said that investors should expect the company to deliver returns into the end of the quarter. Shares most recently closed at $257.45 and have a consensus price target of $325.43.
Harley-Davidson Inc. (NYSE: HOG) was named as the Zacks Bear of the Day stock. The firm said that, after a disappointing quarter, investors are wondering how to bring the riders back. Shares last closed at $35.44 and have a consensus price target of $37.11.
Inphi Corp. (NASDAQ: IPHI) was downgraded to Equal Weight from Overweight at Barclays, though the analyst raised the price target to $180. The consensus target is $170. The last trade for Monday was posted at $169.33.
Kaleido Biosciences Inc. (NASDAQ: KLDO) was started with an Overweight rating and a $19 price target at Piper Sandler. The consensus target is $15.42. The shares closed Monday at $11.44 and were up over 5% in premarket trading.
KKR Real Estate Finance Trust (NYSE: KREF) was raised at JPMorgan from Neutral to Overweight with a $19 price target. The consensus target is $19 as well, and the stock ended Monday trading at $18.18.
Ladder Capital Corp. (NASDAQ: LADR) was downgraded at JPMorgan from Neutral to Underweight with a $10 price target. The consensus target is $10.57, and the stock closed at $10.56 on Monday.
Matador Resources Co. (NYSE: MTDR) was downgraded to Neutral from Buy at MKM Partners. The stock has traded in a 52-week range of 1.11 to $19.80 and has a consensus target of $16.72. The shares gained over 8% on Monday and closed at $19.63.
Mid-America Apartment Communities Inc. (NYSE: MAA) was downgraded to Neutral from Outperform at Baird. The firm also raised the price target on the shares to $137. The consensus target is $135.58, just above Monday’s close at $135.49.
Newtek Business Services Corp. (NASDAQ: NEWT) was resumed in coverage at Keefe Bruyette with a Market Perform rating and a $21 price target. No consensus target was available. The final Monday trade was posted at $21.65 per share.
Twilio Inc. (NYSE: TWLO) was upgraded to Overweight from Neutral at JPMorgan. The price target was raised to $465 as well. That is well above the $394.17 consensus target and Monday’s $399.51 closing print.
Yandex N.V. (NASDAQ: YNDX) was raised to Outperform from Market Perform at Renaissance Capital. The stock has traded in a 52-week range of $27.93 to $72.95 and has a consensus price objective of $70.17. The last trade on Monday hit the tape at $68.38.
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Jefferies remains very positive on top cybersecurity stocks. Five picks are outstanding ideas for aggressive growth investors looking to add this hot technology silo to portfolios.
Monday’s early top analyst upgrades and downgrades included Denny’s, Exxon Mobil, FireEye, ONEOK, Pioneer Natural Resources, Targa Resources, Target, Tyson Foods and Workday. Analyst calls seen later in the day were on Baidu, MGM, Pinterest, Tyson Foods and more.
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