Investing
Top Analyst Upgrades and Downgrades: CenturyLink, Facebook, Keurig, SodaStream, Sprint and More
Published:
Stocks are looking for direction on Thursday after a volatile start of the week. Now investors keep hearing that it is a stock picker’s market rather than a raging bull market. Each morning, 24/7 Wall St. reviews dozens of analyst research reports for new ideas. Some of the analyst calls cover stocks to buy, and others cover stocks to sell or to avoid. These are this Thursday’s top Wall Street analyst upgrades, downgrades and initiations.
American Eagle Outfitters Inc. (NYSE: AEO) was downgraded to Sell from an already cautious Neutral rating at Citigroup.
ArcelorMittal (NYSE: MT) was downgraded to Sell from Neutral at Goldman Sachs.
Arcos Dorados Holdings Inc. (NYSE: ARCO) was downgraded to Neutral from Overweight at HSBC.
AT&T Inc. (NYSE: T) was started with a Market Perform rating at Bernstein.
CenturyLink Inc. (NYSE: CTL) was started as Market Perform by Bernstein.
Facebook Inc. (NASDAQ: FB) was raised to Overweight from Equal Weight at Evercore Partners, and the price target was raised to $75 from $69.
ALSO READ: Merrill Lynch’s Top Focus List Stocks
Keurig Green Mountain Inc. (NASDAQ: GMCR) was downgraded to Neutral from Buy at Roth Capital.
Nabors Industries Ltd. (NYSE: NBR) was raised to Buy from Hold and the price target was raised to $31 from $28 at Jefferies.
SodaStream International Ltd. (NASDAQ: SODA) was downgraded to Underweight from Equal Weight and the price target was cut to $35 from $40 by Barclays.
Sprint Corp. (NYSE: S) was started as Market Perform by Bernstein.
ALSO READ: More Than Half of DJIA Stocks Outyield 10-Year Treasury
Spartan Stores Inc. (NASDAQ: SPTN) was raised to Buy from Hold and the price target was raised to $25 from $20 at Cantor Fitzgerald.
STMicroelectronics N.V. (NYSE: STM) was downgraded to Underweight from Neutral at HSBC.
T-Mobile US Inc. (NYSE: TMUS) was started as Market Perform at Bernstein.
Verizon Communications Inc. (NYSE: VZ) was started as Outperform at Bernstein.
Windstream Holdings Inc. (NASDAQ: WIN) was started with an Outperform rating at Bernstein, which is significant considering that the 10.7% yield has been scrutinized before and is the highest yield of the S&P 500.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
