These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms today.If you are looking to day trade, you might want to check out the following stocks. I usually throw these on my watch list and monitor with resistance & support levels.You can also check previous stocks to buy reports- Right Here.
Beazer Homes (BZH), Navistar (NAV), Lennar (LEN), KB Home (KB), M.D.C. Holdings (MDC) and Toll Brothers (TOL) were upgraded or downgraded by analysts.
Beazer Homes (BZH) downgraded to Sell from Buy at Citigroup.Citigroup downgraded Beazer Homes two notches to Sell from Buy and lowered its price target for shares to $1.80 from $4.50 after assuming coverage of the Homebuilders space. Citi expects shares to sell off on the company's reduced book value and increased shareholder dilution.
Navistar (NAV) downgraded to Hold from Buy at Deutsche Bank.Deutsche Bank downgraded Navistar and lowered its price target for shares to $35 from $50 citing limited earnings visibility following the company's weaker than expected Q2 results and reduced guidance.
Lennar (LEN) downgraded to Sell from Neutral at Citigroup.Citigroup downgraded Lennar to Sell and lowered its price target for shares to $22 from $26 after assuming coverage of the Homebuilders space. The firm finds the valuation as stretched at current levels.
KB Home (KB) coverage assumed with a Neutral at Citigroup.Price target lowered to $8 from $11.50
M.D.C. Holdings (MDC) downgraded to Sell from Neutral at Citigroup.Citigroup downgraded M.D.C. Holdings to Sell and lowered its price target for shares to $23 from $26 after assuming coverage of the Homebuilders space. The firm finds the valuation as stretched at current levels.
Toll Brothers (TOL) coverage assumed with a Neutral at Citigroup.Price target raised to $27 from $26.
Navistar (NAV) downgraded to Hold from Buy at Deutsche Bank.Deutsche Bank downgraded Navistar and lowered its price target for shares to $35 from $50 citing limited earnings visibility following the company's weaker than expected Q2 results and reduced guidance.
Lennar (LEN) downgraded to Sell from Neutral at Citigroup.Citigroup downgraded Lennar to Sell and lowered its price target for shares to $22 from $26 after assuming coverage of the Homebuilders space. The firm finds the valuation as stretched at current levels.
KB Home (KB) coverage assumed with a Neutral at Citigroup.Price target lowered to $8 from $11.50
M.D.C. Holdings (MDC) downgraded to Sell from Neutral at Citigroup.Citigroup downgraded M.D.C. Holdings to Sell and lowered its price target for shares to $23 from $26 after assuming coverage of the Homebuilders space. The firm finds the valuation as stretched at current levels.
Toll Brothers (TOL) coverage assumed with a Neutral at Citigroup.Price target raised to $27 from $26.
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