Top Analyst Upgrades and Downgrades: Booking Holdings, Borg Warner, Delphi, Pandora, Ralph Lauren, Southwest Airlines and More

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The futures looked decidedly lower Thursday morning as the market digested the newest increase in the federal funds rate, which was announced Wednesday afternoon. While many feel that the Federal Reserve will only raise two more times this year, some may be focusing on Fed Chair Powell’s comment that some asset price are elevated. The one trend that has dominated this bull market is that investors keep finding new reasons to buy stocks after every single sell-off. Those same investors are looking for new investment and trading ideas to generate gains and income.

24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new investing ideas and trading ideas for our readers. Some of the top analyst reports cover stocks to buy. Other analyst calls cover stocks to sell or to avoid.

Additional color and commentary has also been added on some of these daily analyst calls. The consensus analyst price target data are from the Thomson Reuters sell-side research service.

These were the top analyst upgrades, downgrades and other research calls from Thursday, March 22, 2018.

American Axle Inc. (NYSE: AXL) was raised to Overweight from Underweight at Morgan Stanley. The 52-week trading range for the shares is $13.38 to $20.27. The Wall Street consensus price target is set at $19.64. The stock closed Wednesday at $19.64.

Booking Holdings Inc. (NASDAQ: BKNG) was started with a Buy rating at Mizuho. The company that used to be known as Priceline.com has traded in a 52-week range of $1,733 to $2,228.99. The consensus price target for the travel giant is $2,245.57. The shares closed Wednesday a $2,144.98.

BorgWarner Inc. (NYSE: BWA) was raised to Overweight from Underweight at Morgan Stanley. The 52-week trading range is $37.54 to $58.22, and the consensus price target is $56.65. Shares closed Wednesday at $51.08.

Delphi Technologies PLC (NYSE: DLPH) was downgraded to Equal Weight from Overweight at Morgan Stanley. The 52-week trading range is $38 to $104.09. The consensus target price is $60.38. The stock closed Wednesday at $48.64.

Jeld-Wen Holding Inc. (NYSE: JELD) was downgraded to Hold from Buy at Deutsche Bank. The 52-week trading range for the shares is $27.61 to $42.27. The consensus price objective is set at $38.08, and analysts have remained cautious on the stock since a bad earnings report last month. The shares closed trading on Wednesday at $33.29.

Pandora Media Inc. (NYSE: P) was raised to Strong Buy from Market Perform at Raymond James. The stock has traded in a 52-week range of $4.09 to $12.13. The posted consensus price target is $6.39. The shares ended Wednesday at $4.90 but were trading up over 6% in Thursday’s premarket. The company announced the purchase of AdsWizz for $145 million, and that may be the cause for the upgrade.

Ralph Lauren Corp. (NYSE: RL) was raised to Outperform from Market Perform at Cowen. The 52-week trading range for the clothing and fragrance giant is $66.06 to $119.33. The consensus price objective is $111.50. The stock closed Wednesday at $109.47 a share.

Southwest Airlines Inc. (NYSE: LUV) was raised to Buy from Neutral at Buckingham Research. The 52-week trading range for the shares is $49.76 to $66.99. The consensus price target is $74.21. The shares closed Wednesday at $57.78, down almost 5% on the day.

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