Top Analyst Upgrades and Downgrades: DreamWorks, Twitter, FormFactor and More

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By Jon C. Ogg Published
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Stocks hit a new high on Tuesday and are firm in early indications on Wednesday. Investors keep hearing that it is a stock picker’s market rather than a raging bull market. 24/7 Wall St. reviews dozens of analyst research reports for new ideas each day of the week. Some of these reports cover stocks to buy, and others cover stocks to sell or to avoid. These are this Wednesday’s top Wall Street analyst upgrades, downgrades and initiations.

Delek US Holdings Inc. (NYSE: DK) was started as Buy at Bank of America Merrill Lynch.

Dollar General Corp. (NYSE: DG) was downgraded to Hold from Buy at Deutsche Bank.

DreamWorks Animation SKG Inc. (NASDAQ: DWA) was raised to Hold from Sell at Topeka.

FormFactor Inc. (NASDAQ: FORM) was raised to Buy from Neutral at B. Riley.

Live Nation Entertainment Inc. (NYSE: LYV) was downgraded to Neutral from Buy at Sterne Agee.

Lowe’s Companies Inc. (NYSE: LOW) was downgraded to Sell from Hold and the price target was cut to $37 from $47 at Canaccord Genuity.

Nautilus Inc. (NYSE: NLS) was downgraded to Neutral from Buy B. Riley.

Twitter Inc. (NYSE: TWTR) was raised to Buy from Neutral at Nomura, and the price target was set at $43.

Veeva Systems Inc. (NYSE: VEEV) was started as Overweight by J.P. Morgan.

Williams-Sonoma Inc. (NYSE: WSM) was raised to Overweight from Neutral at Piper Jaffray.

ALSO READ: Does Tesla Deserve a Junk Bond Rating?

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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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