Top Analyst Upgrades and Downgrades: Boeing, Facebook, Markit, Qualcomm, Verizon, Unisys and More

These are this Thursday’s top analyst upgrades, downgrades and initiations from Wall Street firms.

Angie’s List Inc. (NASDAQ: ANGI) blew it on earnings and the stock is sliding south. We have seen downgrades from Oppenheimer, Janney, MKM Partners and RBC. Other firms, such as Canaccord Genuity and a host of others, have slashed their earnings estimates. Again, we just wonder why a company like Angie’s List ever needed to be public. The stock was down more than 21% at $8.00 on Thursday’s early trading.

Boeing Co. (NYSE: BA) was downgraded to Neutral from Buy at Bank of America Merrill Lynch, and the price target was cut to $140 from $154. Sterne Agee maintained its Buy rating and its very high $164 price target.

CECO Environmental Corp. (NASDAQ: CECE) was started as Buy with a $20 price target (versus a $14.51 close) at Canaccord Genuity.

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Facebook Inc. (NASDAQ: FB) is surging after another solid earnings report confirmed that the social media giant is still growing and that it is capitalizing on mobile. Jefferies has now set a whopping $100 price target. RBC raised its target to $92, and Piper Jaffray raised its target to $90. Sterne Agee reiterated its Buy rating, with an $85 price target. Canaccord Genuity raised its target price to $84 from $75.

Freeport-McMoRan Inc. (NYSE: FCX) was downgraded to Neutral from buy at Merrill Lynch, and the firm cut its price objective to $40 from $43 in the call. Credit Suisse raised its price target to $45 from $42.

F5 Networks Inc. (NASDAQ: FFIV) has seen its price target raised to $122 from $188 at Canaccord Genuity, as well as raised to $108 from $101 at Jefferies — although it closed at $110.81.

Markit Ltd. (NASDAQ: MRKT) was started as Hold at Jefferies, a week or so after the rest of the analysts started coverage.

Pacific Coast Oil Trust (NYSE: ROYT) may screen with a yield of over 11%, but Wells Fargo downgraded it to Market Perform from Outperform and cut the price target to $9 from $19.

Qualcomm Inc. (NASDAQ: QCOM) beat on earnings, but guidance looked a bit soft. Evercore downgraded Qualcomm to Equal Weight from overweight with a $83 price target. Susquehanna cut its rating to Neutral from positive. Its price target was also cut to $90 from $95 at Canaccord Genuity.

Tripadvisor Inc. (NASDAQ: TRIP) was downgraded to Hold from Buy at Cantor Fitzgerald. Credit Suisse cut its target to $120 from 4125.

Unisys Corp. (NYSE: UIS) may have fallen 20% on Wednesday after a weak earnings and guidance report, but Susquehanna has now decided to raise its rating to Positive from Neutral.

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Verizon Communications Inc. (NYSE: VZ) was raised to Outperform from Market Perform at FBR Capital Markets with a $57 price target (versus a $55 prior target and a $50.91 closing price).

Xilinx Inc. (NASDAQ: XLNX) was slashed around the street this week and shares fell 14% to $41.26 after disappointing earnings. Argus has decided to play the other side — it raised its rating to a near-term Buy from Hold based on its value proposition now. The price target was set at $46.

In case you missed Wednesday’s top analyst upgrades and downgrades, they included DuPont, GE, King, Microsoft, Xilinx, McDonald’s and more.