Investing
Wednesday Afternoon Analyst Upgrades and Downgrades: BHP, Ford, First Solar, Halliburton, SolarEdge, Thermo Fisher and More
Published:
The earnings season rally continued into Wednesday with the Dow Jones industrial average hitting a record intraday high, taking out its previous high back in August. At the same time, Bitcoin is continuing its rally hitting more record levels above $65,000. Strong earnings have been powering this recent rally for the markets, it’s now a question of can they keep up the pace.
24/7 Wall St. is reviewing some big analyst calls seen on Wednesday. We have included the latest call on each stock, as well as a recent trading history and the consensus targets among analysts. Note that analyst calls seen earlier in the day were on Gilead, Micron, Netflix, Urban Outfitters and more.
BHP Group (NYSE: BBL): Jefferies downgraded to a Hold rating from Buy. Shares were trading near $55 on Wednesday, and the analysts’ consensus target price is $58.50.
Ford Motor Co. (NYSE: F): Credit Suisse upgraded to an Outperform rating from Neutral and raised the price target to $20 from $15. The 52-week trading range is $7.61 to $16.45, and the share price is near $16.
First Solar, Inc. (NASDAQ: FSLR): Guggenheim downgraded to a Neutral rating from Buy. Shares were trading near $103 on Wednesday, and the consensus price target is $100.60.
Halliburton Co. (NYSE: HAL): Argus upgraded to a Buy rating from Hold with a $32 price target. The 52-week range is $10.99 to $26.68, and the share price is roughly $26.
Iridium Communications Inc. (NASDAQ: IRDM): BWS Financial upgraded to a Buy rating from Neutral and raised the price target to $60 from $37. Shares were trading around $41, well below the consensus price target of $43.40.
Penn National Gaming Inc. (NASDAQ: PENN): Morgan Stanley resumed coverage with an Equal Weight rating and an $85 price target. Shares were trading around $78, above the consensus price target of $103.13.
SolarEdge Technologies, Inc. (NASDAQ: SEDG): Guggenheim downgraded to a Neutral rating from Buy. Shares were trading near $308 apiece. The consensus price target is $316.91.
Thermo Fisher Scientific Inc. (NYSE: TMO): Citigroup upgraded to a Buy rating from Neutral and raised the price target to $700 from $620. Shares were trading near $605 on Wednesday, and the consensus target price is $649.39.
ZTO Express Inc. (NYSE: ZTO): Goldman Sachs downgraded to a Neutral rating form Buy with a $44 price target. The 52-week trading range is $25.23 to $38.96, and the share price is near $31.
Five top technology companies pay solid and dependable dividends and have solid growth prospects for the rest of the fourth quarter and beyond. They look like outstanding ideas now for investors looking for growth and income.
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
