Top Analyst Upgrades and Downgrades: ADM, Facebook, Garmin, Hess and More

Photo of Jon C. Ogg
By Jon C. Ogg Published
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Earnings season is in the thick of things, and stocks finally showed that they could pull back after hitting new highs each day. Investors and traders alike have to be contemplating which stocks to buy and which to sell. 24/7 Wall St. spends each morning reviewing dozens of Wall Street analyst research reports to find new ideas for our readers. We find stocks to buy and stocks to sell, as well as value stocks and income ideas on most days. These are this Thursday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.

Archer Daniels Midland Co. (NYSE: ADM) was raised to Buy from Hold with a price target of $49 at Argus.

Expedia Inc. (NASDAQ: EXPE) shares are up about 15% after earnings; the stock was raised to Buy from Neutral with a $75 price target (versus a $49.96 close) at Bank of America Merrill Lynch.

Facebook Inc. (NASDAQ: FB) was downgraded to Market Perform from Outperform at BMO Capital Markets, reiterated Buy with a $58 price target at Sterne Agee and maintained Neutral with a $59 price target at Credit Suisse.

FireEye Inc. (NASDAQ: FEYE) was started as Perform at Oppenheimer.

Garmin Ltd. (NASDAQ: GRMN) was downgraded to Market Perform from Outperform at Raymond James.

Heartland Payment Services Inc. (NYSE: HPY) was downgraded to Neutral from Buy at Sterne Agee.

Hess Corp. (NYSE: HES) was raised to Outperform from Market Perform with a $100 price target (versus a $80.32 close) at Credit Suisse.

Mobile Telesystems OJSC (NYSE: MBT) was downgraded to Neutral from Buy at Citigroup.

Sealed Air Corp. (NYSE: SEE) was downgraded to Neutral from Buy at Citigroup and maintained Outperform with a $35 price target at Credit Suisse.

Jefferies issued a top technology LBO and M&A target list of candidates.

Also read: 10 Serious Reasons Apple Is Selling Off Rather Than Rallying

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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