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Top Analyst Upgrades and Downgrades: Adobe, Cisco, Groupon, Disney and More
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Stocks have been in serious rally mode, to the point that the market has hit new all-time highs again. Now investors are trying to decide which stocks to buy, which stocks to sell, and even which stocks to avoid. 24/7 Wall St. reviews dozens of Wall Street analyst research reports each and every morning with the goal of finding fresh ideas for investors and traders. Some end up being stocks to buy, but others are stocks to sell. These are this Thursday’s top analyst upgrades, downgrades and new coverage calls seen from Wall Street research firms.
Adobe Systems Inc. (NASDAQ: ADBE) was raised in some form or fashion (to Sell from Strong Sell) at S&P Capital IQ late Wednesday evening.
AmerisourceBergen Corp. (NYSE: ABC) was started with a Buy rating and $80 price target at Sterne Agee.
BHP Billiton Ltd. (NYSE: BHP) was downgraded to Underperform from Neutral at BNP Paribas.
Cisco Systems Inc. (NASDAQ: CSCO) started as Underperform with a lower $21 price target (versus $24.80 close) at Credit Suisse.
Federal Agricultural Mortgage Corp. (NYSE: AGM) was started as Buy at Sidoti.
Groupon Inc. (NASDAQ: GRPN) was raised to Buy from Hold at Stifel Nicolaus.
Huntsman Corp. (NYSE: HUN) was raised to Buy from Neutral with a $24 price target at BofA/Merrill Lynch.
Melcro Crown Entertainment Ltd. (NASDAQ: MPEL) was started as Overweight at HSBC.
Juniper Networks Inc. (NYSE: JNPR) was started as Neutral with a $20 downside price target (versus $21.66 close) at Credit Suisse.
McKesson Corp. (NYSE: MCK) was started with a Buy rating and $164 price target at Sterne Agee.
Time Warner Inc. (NYSE: TWX) was raised to Overweight from Equal Weight at Morgan Stanley.
Triumph Group Inc. (NYSE: TGI) was downgraded to Neutral from Outperform at Credit Suisse.
Ubiquity Networks Inc. (NASDAQ: UBNT) was started as Neutral at Credit Suisse.
Walt Disney Co. (NYSE: DIS) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Cantor Fitzgerald gave its list of Internet and media names that will dominate the future.
Also, here are six more big dividend hikes we expect before 2014.
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