This week marked the beginning of the end of earnings season, and stocks challenged all-time highs yet again. Investors and traders are looking for how to position themselves for 2014. Each morning 24/7 Wall St. reviews dozens of Wall Street research reports, looking for new ideas for our readers. These are this Friday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.
Barrick Gold Corp (NYSE: ABX) was reinstated with a Neutral rating at Credit Suisse.
Cisco Systems Inc. (NASDAQ: CSCO) was maintained as Buy but the price target was cut to $27 from $29 after the dismal earnings report. On Thursday we gave an analyst montage showing all the new ratings and lower price targets offered by Wall Street firms. There were several downgrades, but many other firms maintained their Buy or Outperform bias due to valuation, even if they lowered their expectations.
EnerNOC Inc. (NASDAQ: ENOC) was reiterated as Buy but the price target was raised to $30 from $20 at Canaccord Genuity.
Gogo Inc. (NASDAQ: GOGO) was downgraded to Underweight from Equal Weight at Morgan Stanley.
Humana Inc. (NYSE: HUM) was reiterated as Buy and the price target was raised to $110 from $102 at Argus.
Kohl’s Inc. (NYSE: KSS) was downgraded to Market Perform from Outperform at BMO Capital Markets.
LinkedIn Corp. (NYSE: LNKD) was started with a Buy rating at Stifel Nicolaus.
McDonald’s Corp. (NYSE: MCD) was maintained as Buy with a $107 price target (versus a $97.56 close), but the earnings estimates were trimmed at Sterne Agee after its sales figures and store revamp plan was shown.
Millennial Media Inc. (NYSE: MM) was started as Neutral with a $7 price target at Goldman Sachs.
SAP A.G. (NYSE: SAP) was raised to Overweight with a $95 price target at Barclays.
Silgan Holdings Inc. (NASDAQ: SLGN) was downgraded from Neutral to Underperform at Bank of America Merrill Lynch.
Twitter Inc. (NYSE: TWTR) was started as Neutral at UBS.
Yelp Inc. (NYSE: YELP) was started as Buy at Stifel Nicolaus.
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
