Analysts Upgrades & Downgrades: AGP, CCI, INTC, LMT, WCG, SGMS, FBHS, HUM
Friday, January 20, 2022 10:39 AM



As the US stock indexes trade mixed on Friday after GE and Google results fell short of expectations, several stocks were either upgraded or downgraded by analysts and rating agencies. Some notable stocks are discussed here.

AMERIGROUP Corporation (NYSE: AGP) has been upgraded by analysts at Bank of America/ Merrill Lynch to buy from neutral with a raised price target of $81 a share. The bank said in a research note that the company can deliver solid organic growth in the coming quarters. AGP is trading down by 1.01 percent to $69.75 a share on Friday.

Crown Castle International Corp. (NYSE: CCI) has been upgraded by analysts at the brokerage firm Evercore to overweight from equal-weight. The firm said it is a valuation call, based on the price target of $54 a share. CCI is trading lower by 0.04 percent to $46.38 a share, despite the upgrade.

Intel Corporation (Nasdaq: INTC) has been downgraded by analysts at Kaufman Brothers to hold from buy, with a reduced price target of $26 a share. The firm said that Intel lacks potential margin leverage, and could impact the future results. INTC is up 0.56 percent to $25.77 a share.

Analyst at Bank of America/ Merrill Lynch has downgraded the stock rating of Lockheed Martin Corporation (NYSE: LMT) to underperform from neutral citing valuation call based on the price target of $83 a share. LMT is down 0.84 percent to $83.01 on Friday.

Wellcare Health Plans Inc. (NYSE: WCG) has been upgraded by analysts at Bank of America/ Merrill Lynch to buy from neutral with a revised price target of $68 a share. The firm said that Wellcare is leveraged to both Medicare and Medicaid growth, in its note to the investors. WCG is trading higher by 0.75 percent to $58.94 a share.

Scientific Games Corp. (Nasdaq: SGMS) has been downgraded by analysts at brokerage firm Brean Murray to hold from buy. The firm also cut its estimates, after a recent contract loss to the company. SGMS is trading lower  by 3.49 percent to $11.61 a share.

Analysts at Keybanc has initiated Fortune Brands Home & Security Inc. (Nasdaq: FBHS) with a hold rating. The firm said that higher pricing could hurt Fortune Brands near-term results. FBHs is down 1.33 percent to $17.86 a share.

Humana Inc. (NYSE: HUM) has been downgraded by analysts at Well Fargo & Co. to market perform from outperform with no change in the price target. The bank carries a cautious outlook for medical advantage companies. HUM is trading lower by 3.28 percent to $91.83 a share.


 

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