Investing
Top Analyst Upgrades and Downgrades: ADTRAN, Apollo, KKR, Cogent, GoPro, NOV and More
Published:
Stocks were firm on Wednesday ahead of the release of the FOMC minutes. One trend we are seeing is that investors keep proving with real dollars that they will buy oversold stocks on dips. They are also looking for undervalued or overlooked stock stories. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for our readers. Some analyst reports cover stocks to buy, and some cover stocks to sell or to avoid.
These are this Wednesday’s top analyst upgrades and downgrades featured by 24/7 Wall St.
ADTRAN Inc. (NASDAQ: ADTN) was raised to Buy from Neutral at Goldman Sachs.
Glu Mobile Inc. (NASDAQ: GLUU) was raised to Buy from Hold with a $5.90 price target (versus a $4.76 close) at Benchmark Securities.
GoPro Inc. (NASDAQ: GPRO) was downgraded to Neutral from Overweight at Piper Jaffray.
Silver Spring Networks Inc. (NYSE: SSNI) was downgraded to Neutral from Buy and the price target was slashed to $12 from $18 (versus a $9.22 close) at Goldman Sachs.
Cogent Communications Holdings Inc. (NASDAQ: CCOI) was raised to Outperform from Market Perform at Raymond James. Canaccord Genuity called it dazed and confused. SunTrust Robinson Humphrey started this with a Neutral rating on Monday.
ALSO READ: 8 Stocks That Analysts Think Will Double
Other Key Analyst Calls
Apollo Global Management LLC (NYSE: APO) was started as Outperform with a $32 price target (versus a $23.34 close) at Credit Suisse.
BioAmber Inc. (NYSE: BIOA) was started as Buy with a $16 price target (versus a $8.21 close) at Canaccord Genuity. This is almost a call to double based on it building a renewable chemicals business.
Calix Inc. (NYSE: CALX) was raised to Buy from Neutral with a $12 price target at Goldman Sachs.
Cummins Inc. (NYSE: CMI) was started with a Buy rating and $160 price target (versus a $129.57 close) at Stifel.
Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) was started as Outperform with a $32 price target (versus a $21.52 close) at Credit Suisse.
National Oilwell Varco Inc. (NYSE: NOV) was downgraded to Neutral from Overweight at HSBC Securities.
McKesson Corp. (NYSE: MCK) was started as Buy at Citigroup.
Power Integrations Inc. (NASDAQ: POWI) was started as Outperform at Northland Securities.
ALSO READ: 5 Top Chip Stocks That Could Surge in the Fourth Quater
Royal Gold Inc. (NASDAQ: RGLD) was raised to Overweight from Underweight at HSBC Securities.
Vocera Communications Inc. (NYSE: VCRA) was raised to Outperform from Market Perform at FBR Capital Markets.
Walter Energy Inc. (NYSE: WLT) was downgraded to Equal Weight from Overweight at Morgan Stanley.
In case you missed Tuesday’s top analyst upgrades and downgrades, they included Apple, Deere, GT Advanced Tech, J.C. Penney, CBOE, Dunkin’ Brands, Hewlett-Packard, MGM, Noodles and a dozen or so more.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
