Investing
Top Analyst Upgrades and Downgrades: Apple, Amazon, GE, Nokia and More
Published:
Last Updated:
Stocks have recovered from a recent sell-off, and investors and traders alike are looking for ideas about which stocks to buy, sell and avoid. 24/7 Wall St. reviews dozens of Wall Street analyst research reports each morning in order to find fresh ideas with stocks to buy and stocks to sell. These are this Wednesday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.
Amazon.com Inc. (NASDAQ: AMZN) was started as Neutral with a $330 price target at Wedbush.
Apache Corp. (NYSE: APA) was downgraded to Neutral from Buy at UBS.
Apple Inc. (NASDAQ: AAPL) was downgraded to Neutral from Buy by Bank of America’s Merrill Lynch. Credit Suisse also downgraded Apple to Neutral from Outperform with a $525 price target. Canaccord Genuity reiterated its Buy rating and raised its price target on Apple to $550 from $530. UBS downgraded Apple to Neutral from Buy.
ConAgra Foods Inc. (NYSE: CAG) was raised to Buy from Neutral at Goldman Sachs.
E*TRADE Financial Corp. (NASDAQ: ETFC) was reiterated as Buy, but the price target was raised to $19.50 from $16.50, at Sterne Agee, making the third or fourth such price target upgrade in as many days, but what stands out here is that this appears to now be a “street-high” price target.
General Electric Co. (NYSE: GE) was reiterated as Buy with a $28 price target at Argus as the firm said, “Even using a conservative estimate of GE’s cash flow, earnings and dividend growth, the shares appear undervalued.”
Investment Technology Group Inc. (NYSE: ITG) was downgraded to Market Perform from outperform by Keefe Bruyette & Woods.
Liquidity Services Inc. (NASDAQ: LQDT) was raised to Buy from Underperform, and the price target was raised up to $45 from $28.50, at Merrill Lynch.
Nokia Corp. (NYSE: NOK) was raised to Buy from Neutral at Merrill Lynch, and RBC Capital Markets raised Nokia to Outperform from Sector Perform.
Procter & Gamble (NYSE: PG) was downgraded to Neutral from Buy at SunTrust as the company still needs to prove top-line growth after its cost cuts.
Merrill Lynch has issued a report showing that it sees a huge contrarian value developing in the global mining and steel companies.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
