Investing
Top Analyst Upgrades and Downgrades: Baidu, Cubist, Whole Foods and More
Published:
Stocks have seen five days of selling, and investors are deciding which stocks are bargains and which ones will have more downside. 24/7 Wall St. reviews dozens of Wall Street analyst research reports each morning in order to find fresh ideas for investors and traders. Some turn out to be stocks to buy and others stocks to sell. Here are some of this Thursday’s top Wall Street analyst upgrades, downgrades and initiations.
Baidu Inc. (NASDAQ: BIDU) was started with an Outperform rating at Credit Suisse.
Cubist Pharmaceuticals Inc. (NASDAQ: CBST) was raised to Outperform from Market Perform at Leerink Swann.
Diamondback Energy Inc. (NASDAQ: FANG) was downgraded to Hold from Buy at Canaccord Genuity.
Diamond Foods Inc. (NASDAQ: DMND) was raised to Buy from Hold at BB&T Capital Markets.
Helmerich & Payne Inc. (NYSE: HP) was reinstated as Buy with a $82 price target at Bank of America Merrill Lynch.
HomeAway Inc. (NASDAQ: AWAY) was downgraded to Equal Weight from Overweight by Morgan Stanley.
Kroger Co. (NYSE: KR) and Safeway Inc. (SWY) were both started as Buy at Deutsche Bank.
Nabors Industries Ltd. (NYSE: NBR) was started as Neutral at Bank of America Merrill Lynch.
Occidental Petroleum Corp. (NYSE: OXY) was raised to Outperform from Market Perform at Wells Fargo.
Patterson-UTI Energy Inc. (NASDAQ: PTEN) was reinstated as Buy with a $27 price target at Bank of America Merrill Lynch.
Pharmacyclics Inc. (NASDAQ: PCYC) was started as Overweight with a $142 price target at J.P. Morgan. Deutsche Bank also started it with a Buy rating and a $170 price target.
Sprouts Farmers Market Inc. (NYSE: SFM) and The Fresh Market Inc. (NYSE: TFM) were both started with Buy ratings at Deutsche Bank.
Tidewater Inc. (NYSE: TDW) was started as Buy at Wunderlich Securities.
Whole Foods Market Inc. (NASDAQ: WFM) was started as Buy at Deutsche Bank.
Here is an analyst montage of 10 stocks to buy trading under $10 with big implied upside.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
