Top Analyst Upgrades and Downgrades: Baidu, FedEx, Google, Janus, Micron, Nike, Yahoo and More

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By Jon C. Ogg Published
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Stocks were weak on Monday and the trend for another 100-point change five days in a row on the Dow Jones Industrial Average looked like it was set to continue. Investors have seen more volatility of late, but they are still eager to find value and overlooked stories. 24/7 Wall St. reviews dozens of analyst reports each morning, on the hunt for new investment and trading ideas for its readers. Some analyst reports cover stocks to buy, and other s cover stocks to sell or to avoid.

These are this Monday’s top analyst upgrades, downgrades and initiations covered by 24/7 Wall St.

AT&T Inc. (NYSE: T) was reiterated as Outperform with a $41 price target at Credit Suisse.

Baidu Inc. (NASDAQ: BIDU) was raised to Buy from Neutral at UBS.

Chico’s FAS Inc. (NYSE: CHS) was raised to Outperform from Perform at Oppenheimer.

Energy Transfer Partners L.P. (NYSE: ETP) was raised to Overweight at Morgan Stanley.

FedEx Corp. (NYSE: FDX) was raised to Outperform from Market Perform at Cowen.

F5 Networks Inc. (NASDAQ: FFIV) was downgraded to Neutral from Outperform at Baird.

ALSO READ: Will Competition Spoil GoPro’s Gravy Train?

Google Inc. (NASDAQ: GOOG) was reiterated as Outperform and the price target was raised to $730 from $650 at RBC Capital Markets.

Janus Capital Group Inc. (NYSE: JNS) was raised to Equal Weight from Underweight at Morgan Stanley on the heels of Bill Gross leaving PIMCO to join the company.

Micron Technology Inc. (NASDAQ: MU) was reiterated as Buy and the price target was raised to $41 from $38 at Argus. Also, here are about 10 analyst notes after the DRAM giant’s earnings report.

Nationstar Mortgage Holdings Inc. (NYSE: NSM) was raised to Buy from Neutral with a $24 price target by Sterne Agee.

Nike Inc. (NYSE: NKE) was raised to Outperform from Neutral and the price target was raised to $100 from $80 at Credit Suisse.

QR Energy L.P. (NYSE: QRE) was downgraded to Hold from Buy at Stifel.

Textura Corp. (NYSE: TXTR) was reiterated as Outperform with a $41 price target (versus a $28.22 close) at Credit Suisse.

Waste Management Inc. (NYSE: WM) was raised to Outperform from Neutral with a $55 price target at Wedbush.

Yahoo! Inc. (NASDAQ: YHOO) was raised to Buy from Hold with a $48 price target at Needham.

ALSO READ: PIMCO Closed-End Funds Slaughtered After Bill Gross Departure

Here were this weekend’s analyst stocks under $10 with massive upside calls issued.

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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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