Top Analyst Upgrades and Downgrades: Apple, EMC, Facebook, Twitter, IBM , AcelRx and More

Investing

Published: April 10, 2014 8:10 am

Stocks have recovered after a min-correction, and investors are looking for bargains while wanting to avoid buying the top. 24/7 Wall St. reviews dozens analyst research reports each day for new ideas for its readers. Some analyst calls cover stocks to buy, and some cover stocks to sell or to avoid. Some are value stocks, some are dividend stocks and some are growth stocks. These are this Thursday’s top analyst upgrades, downgrades and initiations.

AcelRx Pharmaceuticals Inc. (NASDAQ: ACRX) was started with a Buy rating and $17.00 price target at Jefferies.

Apple Inc. (NASDAQ: AAPL) was started with a Buy rating and a $650 price target at Deutsche Bank.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) was maintained as Neutral and the price target was cut to $70 from $78 at Credit Suisse. Bank of America Merrill Lynch cut the rating to Neutral from Buy. Argus maintained its Buy rating, but lowered its target to $80 from $85. Canaccord Genuity lowered its price target to $62 from $72.

DexCom Inc. (NASDAQ: DXCM) was raised to Buy from Neutral with a $50 price target at Sterne Agee.

EMC Corp. (NYSE: EMC) was started as Buy with a $32 price target at Deutsche Bank.

Facebook Inc. (NASDAQ: FB) was raised to Buy at a boutique firm named Pivotal Research.

ALSO READ: Warren Buffett’s Top Dividend Stocks

Hewlett-Packard Co. (NYSE: HPQ) was started as Buy with a $40 price target at Deutsche Bank.

Imperva Inc. (NYSE: IMPV) is getting crushed after its guidance disappointed. Oppenheimer downgraded the stock to Perform from Outperform.

International Business Machines Corp. (NYSE: IBM) was started as Hold with a mere $200 price target at Deutsche Bank.

ALSO READ: Another Panic Sell Rating Downgrade in Coal

NetApp Inc. (NASDAQ: NTAP) was started as Hold at Deutsche Bank.

Questar Corp. (NYSE: STR) was started with an Underperform rating and $22 price target (versus a $23.49 close) at Merrill Lynch.

Twitter Inc. (NYSE: TWTR) was raised to Hold from Sell with a $45 price target by Cantor Fitzgerald, a call based on valuation after the recent pullback.

ALSO READ: Eight Stocks Made Cheap After the Sell Off

UGI Corp. (NYSE: UGI) was started as Buy with a $53 price target (versus a $45.06 close) at Merrill Lynch.

WESCO International Inc. (NYSE: WCC) was raised to Buy from Neutral and the target was raised to $100 from $84 by UBS.

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