Advanced Micro Devices Inc. (NASDAQ:AMD), the stock was downgraded to Underweight from Equal Weight with an 8 price target at Morgan Stanley. The shares have a 52-wk trading range of 6.22 – 15.65, and the prior consensus analyst target price was 14.28.
Chevron Corp. (NYSE:CVX)was reiterated as Buy with a 137 target price at Jefferies. The firm said that Friday’s 4% drop following its earnings release represents a buying opportunity in an Crude Oil giant poised for both significant production growth and a major inflection in its cash cycle. Chevron has a 52-wk trading range of 102.55 – 120.89 and a consensus price target of 122.57.
General Motors Co. (NYSE:GM) Goldman Sachs downgraded GM shares to Sell from Neutral with a 32 price target. The 52-wk trading range is 30.21 – 46.76, and the consensus price target is 46.35.
Intel Corp. (NASDAQ:INTC) was raised to Outperform from Market Perform with a 58 price target at BMO Capital Markets. This is after Intel saw numerous target hikes after beating and earnings and as shares broke out to new 17-year highs. Intel now has a 52-wk trading range of 33.23 – 45.00 and a consensus price target of 44.74.
Under Armour Inc. (NYSE:UAA) analysts downgraded to Underperform from Neutral and the price objective was slashed to 12 from 21 at Merrill Lynch. Shares in a 52-wk trading range of 15.75 – 33.45 and with a consensus price target of 18.40.
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