Stock analysts can provide valuable insight into the sentiment around a certain stock or sector and shed some light on what is possible or likely for a stock. Stirring in the analyst community can sometimes be early signs of stock movement. Which is why our team reviews dozens of analyst research reports each and every day with the goal of finding new investment ideas for our readers.
Of the hundred of reports we reference weekly, some stand out among the others for various reasons. Our team has sifted through this week’s reports and whittled it down to the most pertinent moves.
Read on for the details on some of the most impactful actions taken by stock analysts over the past week.
Monday, October 4th
- Barclays analyst Brandon Oglenski upgraded his airline industry view to Positive, saying that a longer than expected recovery, he sees “bluer skies ahead for airlines.” The analyst upgraded Southwest Airlines (LUV) from Equal-Weight to Overweight and raised the price target from $64 to $75 which represents a 38% increase from the current price. “Southwest affords long-term investors a fortress balance sheet, favorable orderbook with Boeing (BA) and a historically profitable business model,” says Oglenski.
- B of A Securities analyst Elizabeth Suziki downgrades Tractor Supply (TSCO) from Buy to Neutral with an unchanged $217 price target stating that she expects Tractor Supply’s same-store sales growth to slow 3% after a 13.4% rate of growth this year.
Tuesday, October 5th
- BMO Capital analyst Kelly Bania downgraded Albertsons (ACI) and Sprouts Farmers Market (SFM) from Market Perform to Underperform.
- OTR Global downgraded Starbucks (SBUX) from Positive to Mixed.
- Raymond James upgraded Bloom Energy (BE) from Outperform to Strong Buy with a $29 price target down from $33 representing a 49% increase from its current price.
Wednesday, October 6th
- Goldman Sachs downgraded JetBlue Airways (JBLU) and American Airlines (AAL) due to rising oil prices.
- European investing leader Exane BNP Paribas upgraded several mining stocks including Rio Tinto (RIO), Vale (VALE) and Eramet (ERMAY) on valuation.
Thursday, October 7th
- Goldman Sachs upgraded Nio (NIO) from Neutral to Buy along with a $56 price target, implying a 54% move upward.
- Berenberg analyst Keegan Carl initiated coverage of five self-storage REITs including Life Storage (LSI), Extra Space Storage (EXR) and National Storage (NSA) with Buy ratings. The analyst also initiated coverage on CubeSmart (CUBE) and Public Storage (PSA) with Hold ratings. “The sector’s favorable fundamentals should provide sustainable growth that the market appears to be underestimating,” the analyst said.
- Morgan Stanley upgraded Five Below (FIVE) from Equal-Weight to Overweight, assigning a $230 price target which represents a 23% increase from the current price.
Friday, October 8th
- Loop Capital downgraded Home Depot (HD) and Lowe’s (LOW) from Buy to Hold.
- Roth Capital analyst Brian Wright initiated coverage of Evogene (EVGN) with a Buy rating and a $7 price target representing a 118% increase from the current price. “The company has a robust pipeline of pre-clinical microbiome based drug candidates in its biotech subsidiary and is on the cusp of commercialization of its products in ag-biologics and cannabis,” the analyst tells investors in a research note.
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