Stocks have magically recovered in the past week to where the S&P 500 is back to within 2% of its all-time high, and the major indexes are all up in the double-digits in 2019. With all the volatility swings in the stock market, and considering that the bull market is well over 10 years old, investors should be considering what changes they should be making for their portfolios and assets heading into late 2019 and as 2020 approaches.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new ideas for traders and long-term investors alike. Some of the daily analyst calls cover stocks to buy, while others cover stocks to sell or to avoid.
We have provided these calls in a quick-hit summary for easy reading, and additional comments and trading data have been added on some of the calls. The consensus analyst price targets and other valuation metrics are from the Refinitiv (Thomson Reuters) sell-side research service.
These are the top analyst upgrades, downgrades and initiations for Monday, September 9, 2019.
Activision Blizzard Inc. (NASDAQ: ATVI) was reiterated as Buy and its target price was raised to $65 from $57 (versus a $54.58 prior close) at Stifel.
Ally Financial Inc. (NYSE: ALLY) was reiterated as Buy and its target price was raised to $39 from $37 (versus a $32.57 close) at Citigroup. Stephens upgraded it to Overweight from Equal Weight and raised its target to $44 from $37.
Apple Inc. (NASDAQ: AAPL) was reiterated as Outperform with a $245 target price (versus a $213.26 close) at Wedbush Securities. The firm talked up the iPhone refresh, with a professional version and a total of 180 million new iPhones of all models combined that can be sold in fiscal year 2020.