Stocks have been surging to new highs since the election, but Tuesday’s market indications were sowing a slight drop of about 0.1% on major equity indexes. The Dow, S&P 500 and NASDAQ have all hit fresh record highs and now many investors and traders are looking for new ideas to be positioned as 2025 is rapidly approaching. That is where the top analyst upgrades, downgrades and initiations can be come into play.
Oggonomics searches the daily flow of analyst calls covering the upgrades and downgrades from Wall Street looking for new ideas in Wall Street research reports. These analyst calls can be a reliable source for finding some of those new ideas that might have otherwise been overlooked or missed.
Short-term traders get a glimpse of immediate price reactions to news and to the analyst calls. Long-term investors get a picture of new buy, sell and hold ratings with targets looking a year out.
Oggonomics always reminds investors and its readers that no single analyst report should ever be the sole basis to buy or sell a stock. That decision to buy or sell, or hold or short sell, is up to each investor and the decision should be made with a financial advisor.
These are some of the top analyst upgrades and downgrades seen on Tuesday, November 12, 2024.
AeroVironment, Inc. (NASDAQ: AVAV) was downgraded to Hold from Buy at Jefferies in a valuation downgrade as its $240 price target is just above the $235.17 prior close and above yesterday’s high of $236.60.
Albemarle Corp. (NYSE: ALB) was maintained as Overweight but its price target was cut to $127 from $132 (versus $110.49 prior close) at KeyBanc Capital Markets.
Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY) was downgraded to Underperform from Peer Perform at Wolfe Research.
GSK plc (NYSE: GSK) was downgraded to Hold from Buy at Jefferies.
Hilton Grand Vacations Inc. (NYSE: HGV) was maintained at Outperform but its price target was cut to $55 from $57 (versus $42.42 close) at Mizuho.
Horace Mann Educators Corporation (NYSE: HMN) was cut to Market Perform from Outperform but the price target was raised to $44 from $39 (versus $42.31 prior close) at Keefe Bruyette & Woods.
iHeartMedia, Inc. (NASDAQ: IHRT) was raised to Neutral from Underperform and its price objective was raised to $3 from $1 at BofA Securities. iHeartMedia shares closed up 2% at $2.49 on Monday and it was indicated up 1.6% at $2.53 on Tuesday.
International Flavors & Fragrances Inc. (NYSE: IFF) was raised to Overweight from Equal-Weight but its price target was trimmed down to $110 from $111 (versus $91.21 prior close) at Morgan Stanley.
Marriott Vacations Worldwide Corporation (NYSE: VAC) was reiterated with an Outperform ratings and its price target was raised to $117 from $110 (versus $94.14 close) at Mizuho.
Nvidia Corporation (NASDAQ: NVDA) was reiterated with an Outperform rating and its price target was raised to $165 from $140 at Mizuho. A firm named Redburn Atlantic started analyst coverage with a Buy rating and it assigned a $178 price target. NVIDIA closed down 1.6% at $145.26 on Monday and was indicated up 0.4% at $145.85 on Tuesday morning.
Okta, Inc. (NASDAQ: OKTA) was downgraded to Hold from Buy and its price target was slashed down to $85 from $115 at Deutsche Bank. Okta closed up 2.2% at $78.45 ahead of the call and was indicated down 1.6% at $77.20 on Tuesday morning.
Phunware, Inc. (NASDAQ: PHUN) was cut to Neutral from Buy and its price target was cut to $6 from $9 (versus $5.99 close) at HC Wainwright.
Robinhood Markets, Inc. (NASDAQ: HOOD) was reiterated as Market Outperform and its price target was raised to $40 from $33 (versus $32.80 prior close) at JMP Securities.
SentinelOne, Inc. (NYSE: S) was raised to Buy from Hold and its price target was raised to $32 from $25 (versus $27.18 prior close) at Deutsche Bank.
VEON Ltd. (NASDAQ: VEON) was started with a Buy rating with a price target of $48 (versus $33.17 prior close) at Benchmark.
Viking Holdings Ltd. (NYSE: VIK) was raised to Overweight from Equal-Weight and its price target was raised to $49 from $37 (versus $44.44 prior close) at Morgan Stanley.
Zeta Global Holdings Corporation (NYSE: ZETA) was maintained with a Buy rating and its price target was raised to $43 from $36 (versus $36.74 prior close) at Needham. Zeta was indicated down 5.4% at $34.74 on Tuesday morning after missing some earnings expectations.
Here is some more food for thought after the election. What comes first: $3,000 GOLD or $100,000 BITCOIN?
If you missed Monday’s top analyst upgrades and downgrades, they were in shares of Block, CBOE, Cisco, Dell, NVIDIA, Toast, Vale and many more stocks.
