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Top Analyst Upgrades and Downgrades: American Airlines, CyberArk, Delta Air, First Solar, VMware and Many More

Stocks were indicated lower again on Tuesday after weak data out of China, like that somehow couldn’t be seen coming. Investors have so far bought the dips and sell-offs, but the difference is that this correction went over 10% on the Dow and S&P 500 for the first time in almost four years.

24/7 Wall St. reviews dozens of analyst research reports each day to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, and other calls cover stocks to sell. These are this Tuesday’s top analyst upgrades, downgrades and initiations.

American Airlines Group Inc. (NASDAQ: AAL) was raised to Buy from Hold with a $50 price target (versus a $38.98 close) at Deutsche Bank. It has a consensus analyst price target of $54.71 and a 52-week trading range of $28.10 to $56.20.

CyberArk Software Ltd. (NASDAQ: CYBR) was raised to Overweight from Neutral with a $70 price target (versus a $51.05 close) at Piper Jaffray. CyberArk has a consensus target of $63.55 and a 52-week range of $22.12 to $76.35.

Delta Air Lines Inc. (NYSE: DAL) was raised to Buy from Hold with a $50 price target (versus a $43.78 close) at Deutsche Bank. It has a consensus analyst price target of $59.67 and a 52-week range of $30.12 to $51.06.

First Solar Inc. (NASDAQ: FSLR) was started as Overweight and was given a $71 price target (versus a $47.84 close) at Barclays. First Solar has a consensus price target of $62.83 and a 52-week range of $39.18 to $73.78.

VMWare Inc. (NYSE: VMW) was raised to Outperform from Neutral at R.W. Baird. VMware closed at $79.15 and has a 52-week range of $73.65 to $99.71.

ALSO READ: 5 Stocks Buffett Likely Bought During the Sell-Off

Other key analyst upgrades, downgrades and initiations seen on Tuesday were in the following:


Acadia Healthcare Co. (NASDAQ: ACHC) was started as Outperform with a price target of $90.00 (versus a $73.03 close) at Leerink.

Alkermes PLC (NASDAQ: ALKS) fell almost 6% on Monday, but shares were indicated up 3% at $61.45 after Morgan Stanley raised its rating to Overweight from Equal Weight with a $85 price target.

Apollo Investment Corp. (NASDAQ: AINV) was downgraded to Hold from Buy with a $7 price target (versus a $6.51 close) at Cantor Fitzgerald.

Ashford Hospitality Prime Inc. (NYSE: AHP) was raised to Buy from Hold with a $21 price target (versus a $13.83 close) at Canaccord Genuity.

Constellation Brands Inc. (NYSE: STZ) was raised to Outperform from Underperform at CLSA.

Diamond Offshore Drilling Inc. (NYSE: DO) was raised to Market Perform from Underperform at Wells Fargo.

ALSO READ: What Warren Buffett Sees in Phillips 66 That You Don’t

FedEx Corp. (NYSE: FDX) was added to the Recommend List at Citigroup.

Freeport-McMoRan Inc. (NYSE: FCX) was downgraded to Neutral from Buy at Citigroup.

McCormick & Co. Inc. (NYSE: MKC) was started as Buy with a $99 price target (versus a $79.28 close) at BB&T Capital Markets.

Preferred Apartment Communities (NYSE: APTS) was started as Outperform with a $12.50 price target (versus a $10.21 close) at FBR Capital Markets.

Procter & Gamble Co. (NYSE: PG) was started as Equal Weight at Morgan Stanley.

Royal Dutch Shell PLC (NYSE: RDS-A) was raised to Buy from Hold at HSBC.

Skyworks Solutions Inc. (NASDAQ: SWKS) was started as Outperform with a $100 price target (versus a $87.35 close) at CLSA.

SunPower Corp. (NASDAQ: SPWR) was started as Equal Weight with a $25 price target (versus a $24.26 close) at Barclays.

VEREIT Inc. (NYSE: VER) was started as Buy with a $9.50 price target (versus a $8.14 close) at Goldman Sachs.

Westmoreland Coal Co. (NYSE: WLB) was started as Outperform with a $20 price target (versus a $15.18 close) at BMO Capital Markets.

ALSO READ: Where Micron and Tsinghua Unigroup Can Go From Here

In case you missed Monday’s top analyst upgrades and downgrades, they included Baidu, Goldman Sachs, Intel, J.C. Penney, Twitter, United Technologies and over a dozen more.

By Jon C. Ogg


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