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.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
