- Morgan Stanley upgraded Altria to overweight from equal weight.
- Goldman Sachs downgraded American Airlines to neutral from buy.
- RBC upgraded CrowdStrike to outperform from sector perform.
- JPMorgan upgraded Clorox to overweight from underweight.
- Jefferies upgraded Las Vegas Sands to hold from buy.
- Wells Fargo upgraded US Bancorp to overweight from underweight.
- Wedbush upgraded eBay to outperform from neutral.
- Stifel downgraded United Airlines to hold from buy.
- RBC downgraded Exxon Mobil to underperform from neutral.
- Stifel upgraded Caterpillar to buy from hold.
- RBC downgraded Harley-Davidson to underperform from sector perform.
- Stephens upgraded Domino's to overweight from equal weight.
- Morgan Stanley named Procter & Gamble a top pick.
- Morgan Stanley upgraded Costco to overweight from equal weight.
- Raymond James upgraded Verizon to outperform from market perform.
- Raymond James downgraded AT&T to market perform from outperform.
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The market sell-off is causing fear and anxiety for many investors but Wall Street analysts say that there are plenty of buying opportunities. Many stocks received upgrades from analysts on Monday, including Verizon, CrowdStrike, Domino's, Altria, eBay, Costco, and more.
Here are the biggest calls on Wall Street on Monday:
Morgan Stanley upgraded the tobacco maker and said it "offers EPS growth stability against a backdrop of heightened uncertainty."
"We are upgrading MO to OW as we see an attractive 2:1 bull:bear skew and 22% upside to our $49 PT. Lower oil prices and slowing e-cig sales support improved cigarette volumes. MO's solid balance sheet, ABI stake, and 8.4% dividend yield limit downside."
Goldman Sachs said in its downgrade that the airline had "less upside" due to the coronavirus crisis.
"As such, we are incorporating unit revenue trends similar to the period from Sep Q 2001 through June Q 2002 into our 2020 forecasts across our US airline coverage universe. We are also materially lowering our price targets. As a result of the aforementioned forecast and price target revisions, we are downgrading American to Neutral from Buy as our price target implies less upside than our Buy-rated stocks."