Top Analyst Downgrades and Stocks to Sell: Coke, Carnival, Soda, UBS and More

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By Jon C. Ogg Updated Published
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Investors often see the analyst upgrades and big buy ratings from Wall Street firms, but they do not always get to see when these firms say to sell or avoid a stock. 24/7 Wall St. reviews many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks, and we have broken out the negative analyst calls today. These are this Wednesday’s top analyst downgrades and cautious research notes from Wall Street.

Caesars Entertainment Corp. (NASDAQ: CZR) was cut to Neutral from Outperform at Credit Suisse.

Carnival Corp. (NYSE: CCL) was cut to Neutral from Buy at HSBC.

Comerica Inc. (NYSE: CMA) was cut to Perform from outperform at Oppenheimer.

Dick’s Sporting Goods Inc. (NYSE: DKS) was cut to Market Perform from Outperform at BMO Capital Markets.

iGATE Corp. (NASDAQ: IGTE) was cut to Perform from outperform at Oppenheimer.

Joy Global Inc. (NYSE: JOY) was cut to Equal Weight from Overweight at Barclays.

Privatebancorp Inc. (NASDAQ: PVTB) was cut to Perform from outperform at Oppenheimer.

Read also: Is this a 2013 Solar Stock Bubble?

Rosetta Resources Inc. (NASDAQ: ROSE) was cut to Neutral from Outperform at Cowen.

SodaStream International Ltd. (NASDAQ: SODA) was cut to Neutral from Overweight at J.P. Morgan.

See also: Top Analyst Upgrades and Positive Calls This Wednesday

SunTrust Banks Inc. (NYSE: STI) was cut to Perform from outperform at Oppenheimer.

UBS A.G. (NYSE: UBS) was cut to Underperform from Market Perform at KBW.

BMO Capital Markets initiated coverage on both Coca-Cola Co. (NYSE: KO) and Dr Pepper Snapple Group Inc. (NYSE: DPS) with Market Perform ratings.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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