These are this Friday’s top analyst upgrades and downgrades covered by 24/7 Wall St.
Alaska Air Group Inc. (NYSE: ALK) was downgraded to Market Perform from Outperform by Raymond James.
AllianceBernstein Holding L.P. (NYSE: AB) was raised to Neutral from Underperform with a $29 price target at Bank of America Merrill Lynch.
BP PLC (NYSE: BP) was raised to Buy from Neutral at Citigroup and Jefferies maintained its Buy rating. Overseas firm Investec lowered its price target by about 4%. Barclays maintained its Equal Weight rating.
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Banco de Chile (NYSE: BCH) was raised to Overweight from Neutral at J.P. Morgan.
Ciena Corp. (NASDAQ: CIEN) was raised to Buy from Neutral at Goldman Sachs, and the price target was put up at $26 (versus a $18.51 closing price).
Finisar Corp. (NASDAQ: FNSR) had already fallen to under $18.50 from $20 ahead of earnings. Now shares of the optical subsystems and components maker for communication are indicated down 6% more at $18.37 after the earnings report came with lower guidance. The stock was downgraded to Buy from Strong Buy at Needham.
SanDisk Corp. (NASDAQ: SNDK) was raised to Overweight from Equal Weight by Morgan Stanley.
Susser Petroleum Partners L.P. (NYSE: SUSP) was started as Neutral at Credit Suisse with a $59 price target and started as Neutral at Merrill Lynch with a $59 price target.
Take-Two Interactive Software Inc. (NASDAQ: TTWO) was downgraded to Neutral from Buy at Sterne Agee.
VeriFone Systems Inc. (NYSE: PAY) is indicated lower after earnings. The payment systems player was downgraded to Market Perform from Outperform at Raymond James.
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Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) was raised to Buy from Neutral at Goldman Sachs.
Wynn Resorts Ltd. (NASDAQ: WYNN) was downgraded to Hold from Buy at Argus based on weaker prospects in Macau, similar to a Las Vegas Sands downgrade by Argus on Thursday.
Zumiez Inc. (NASDAQ: ZUMZ) was indicated lower after beating earnings but guiding lower. The sports apparel and accessories retailer was downgraded to Neutral from Overweight with a $31 price target (versus a $32.41 close).
In case you missed Thursday’s top analyst upgrades and downgrades, they were in Analog Devices, Boulder Brands, Google, GoPro, IAC/Interactive, Las Vegas Sands, LifeLock, Teradata, 3D Systems and a dozen or so more.
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