Investing
Monday Afternoon Analyst Upgrades and Downgrades: BP, Micron Technology, Regions Financial, Tesla and More
Published:
The broad markets edged higher on Monday afternoon, with a strong push from the tech sector. West Texas Intermediate crude prices briefly topped $85 a barrel in the session, the highest oil has been in the past seven years. The S&P 500 also hit a new record high on Monday, while the Dow Jones industrial average was holding just below record levels.
24/7 Wall St. is reviewing some big analyst calls seen on Monday. 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 Carnival, Las Vegas Sands, Norwegian Cruise Line, Paysafe, and Whirlpool.
BP PLC (NYSE: BP): TD Securities initiated coverage with a Hold rating and a $31 price target. The 52-week range is $14.74 to $30.29, and the share price is roughly $30.
Casper Sleep Inc. (NYSE: CSPR): Wedbush downgraded the stock to a Neutral rating from Outperform. Shares were trading near $4 on Monday, and the consensus price target is $8.50.
MercadoLibre Inc. (NASDAQ: MELI): Scotiabank upgraded it to an Outperform rating from Sector Perform and has a $2,100 price target. Shares were trading near $1,544 on Monday, and the consensus target price is $2,093.35.
Micron Technology Inc. (NASDAQ: MU): Bernstein started coverage with an Underperform rating and a $58 price target. The 52-week trading range is $49.30 to $96.96, and the share price is near $69.
Regions Financial Corp. (NYSE: RF): Wedbush’s upgrade was to Neutral from Outperform. Shares were trading around $24, above the consensus price target of $23.35.
Stratasys Ltd. (NASDAQ: SSYS): Craig Hallum’s upgrade to Buy from Hold included a price target hike to $42 from $27. Shares were trading around $31, in a 52-week range of $12.48 to $56.95.
Tesla Inc. (NASDAQ: TSLA): Morgan Stanley reiterated an Overweight rating and raised the price target to $1,200 from $900. Shares were trading near $972 on Monday, and the analysts’ consensus target price is $732.87.
Wix.com Ltd. (NASDAQ: WIX): Berenberg started coverage with a Buy rating and a $251 price target. The 52-week trading range is $171.37 to $362.07, and the share price is near $263.44.
24/7 Wall St.With crude oil at $85 a barrel, 24/7 Wall St. screened the best dividend-paying energy stocks rated Buy at major Wall Street firms and found four that look cheap and have some serious upside potential.
AbbVie, Visa and three other blue chips are expected to raise dividends this week.
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
