Top Analyst Upgrades and Downgrades: Celgene, Enterprise, Meritage, Mobileye, Qlik and More

Investing

Published: October 6, 2014 8:25 am

Last Updated: March 19, 2020 10:36 am

Stocks were firm on Monday and investors have started getting used to volatility again. Another trend is that investors have shown over and over lately that they are willing to buy oversold or overlooked stocks when they can. 24/7 Wall St. reviews dozens of brokerage analyst reports each morning of the week, hunting for new investment and trading ideas for our readers. Some key analyst reports cover stocks to buy, while others also cover stocks to sell or to avoid.

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

Bank of Ireland (NYSE: IRE) was started as Neutral at J.P. Morgan.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) was downgraded to Neutral from Outperform and the price target was cut to $135 from $175 (versus a $137.11 close) at Wedbush Securities.

Canadian Pacific Railway Ltd. (NYSE: CP) was reiterated as Outperform and the price target was raised to $265 from $229 at Credit Suisse, based on the new long-term targets.

Celgene Corp. (NASDAQ: CELG) was reiterated as Outperform with a $113 price target (versus a $95.21 close) at Credit Suisse.

Enterprise Products Partners L.P. (NYSE: EPD) was reiterated as Buy at Argus, and the price target was raised to $44 from $42 after its oil-tanking acquisition from last week.

ALSO READ: 7 Must Know Earnings Season Surprises to Brace For

FedEx Corp. (NYSE: FDX) was reiterated as Buy and the price target was raised to $175 from $169 at Argus.

Fortinet Inc. (NASDAQ: FTNT) had been downgraded to Equal Weight from Overweight at Morgan Stanley.

FTI Consulting Inc. (NYSE: FCN) was raised to Buy with a $43 price target at Stifel.

Intuitive Surgical Inc. (NASDAQ: ISRG) was raised to Buy from Neutral and the price target was raised to $584 from $486 (versus a $475.21 close) at Goldman Sachs.

Meritage Homes Corp. (NYSE: MTH) was raised to Outperform from Market Perform at Wells Fargo due to valuation and being among the most inexpensive stocks the firm’s homebuilder coverage universe. Its valuation range was also moved to $44 to $46 from $43 to $45.

Mobileye N.V. (NYSE: MBLY) was downgraded to Market Perform from Outperform at Raymond James.

Mylan Inc. (NASDAQ: MYL) was reiterated as Buy with a $68 price target (versus a $50.23 close) at Bank of America Merrill Lynch.

Qlik Technologies Inc. (NASDAQ: QLIK) was downgraded to Equal Weight from Overweight at Morgan Stanley.

SanDisk Corp. (NASDAQ: SNDK) was reiterated as Buy at Cowen, and the price target was raised to $100 from $90.

Splunk Inc. (NASDAQ: SPLK) was raised to Overweight from Equal Weight with a $66 price target (versus a $59.21 close) at Morgan Stanley.

ALSO READ: 8 Analyst Stocks Called to Double (or More)

Tableau Software Inc. (NYSE: DATA) was raised to Overweight from Equal Weight with an $84 price target (versus a $70.22 close) at Morgan Stanley.

This weekend’s analyst stocks under $10 with massive upside included AK Steel, Nxt-ID, Hecla Mining, Angie’s List, Eldorado Gold, Orbitz, Silver Spring Network and Zogenix.

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