Investing
Top Analyst Upgrades and Downgrades: CME, Duke Energy, Facebook and More
Published:
Last Updated:
Stocks have pulled back for four days in a row now, and investors and traders alike are looking at which stocks they ought to buy, sell or avoid. 24/7 Wall St. reviews literally dozens of Wall Street analyst research reports each morning. The aim is to find fresh ideas for investors and traders. Some of these ideas are stocks to buy and others turn out to be stocks to sell. These are this Wednesday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.
CarMax Inc. (NYSE: KMX) was downgraded to Neutral from Buy at Goldman Sachs.
Carnival Corp. (NYSE: CCL) was downgraded to Underweight from Equal Weight at Morgan Stanley. The cruise line operator also was downgraded to Neutral from Buy at Bank of America Merrill Lynch.
Cash America International Inc. (NYSE: CSH) was raised to Neutral from Underperform and its price target was increased to $40 from $38 by Sterne Agee.
CME Group Inc. (NASDAQ: CME) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
Cypress Semiconductor Corp. (NASDAQ: CY) was maintained as Buy, but earnings estimates were cut and the price target was cut to $13 from $15, by Sterne Agee. Wedbush downgraded it to Neutral from Buy after the warning.
Dollar Tree Inc. (NASDAQ: DLTR) was maintained as a Buy but was removed from the prized Conviction Buy list at Goldman Sachs.
Duke Energy Corp. (NYSE: DUK) was raised to Buy from Hold with a $79 price target at Argus.
Facebook Inc. (NASDAQ: FB) was started as Buy with a $60 price target that matches the street-high target by Canaccord Genuity.
Financial Institutions Inc. (NASDAQ: FISI) was started as Buy with a $24 price target by Sterne Agee.
Ross Stores Inc. (NASDAQ: ROST) was reiterated as Buy and added to the prized Conviction Buy list at Goldman Sachs.
Ahead of Obamacare implementation, J.P. Morgan has issued a selective favorable outlook in health care stocks.
Here are some of the top companies presenting at the Goldman Sachs Communacopia Conference.
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.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
