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Top Analyst Upgrades and Downgrades: Alibaba, Angie's List, Boeing, Yelp, AT&T and More
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Stocks traded higher on Thursday morning in the middle of another volatile week. What we keep seeing is that investors will step up and buy value stocks and overlooked stocks on the dips. 24/7 Wall St. uses each morning to review dozens of analyst reports to find new investment and trading ideas. Some analyst research reports cover stocks to buy, while others cover stocks to sell or to avoid.
These are this Thursday’s top analyst upgrades and downgrades featured by 24/7 Wall St.
Alibaba Group Holding Ltd. (NYSE: BABA) was started with an Overweight rating with a $107 price target (versus a $91.63 close) at Barclays.
Angie’s List Inc. (NASDAQ: ANGI) has seen multiple downgrades after ad growth and renewal rates slowed in the earnings report. The reviews site was downgraded to Hold at Wunderlich, to Underperform at Raymond James and to Neutral at Piper Jaffray.
AT&T Inc. (NYSE: T) was maintained as Hold at Canaccord Genuity, with estimates being lowered. Oppenheimer maintained its Outperform rating but lowered its price target to $38 from $42 in the call.
Boeing Co. (NYSE: BA) was downgraded to Neutral from Outperform at Credit Suisse. Sterne Agee maintained its Buy rating on Wednesday with earnings. Wells Fargo maintained its Outperform rating, but it lowered its price target range to $139.00 to $143.00 from the prior range of $143.00 to $147.00.
Yelp Inc. (NYSE: YELP) was indicated down 11% at $62.50 or so after guidance was weak, but it was raised to Buy from Neutral at B. Riley and downgraded to Hold from Buy at Stifel. Sterne Agee raised its estimates and maintained as Buy with an $85 price target, while Oppenheimer reduced its price target to $83 but maintained an Outperform rating and Credit Suisse maintained an Outperform rating and $85 price target.
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Other Key Analyst Calls Seen by 24/7 Wall St.
BB&T Corp. (NYSE: BBT) was downgraded to Neutral from Buy at Goldman Sachs.
Boulder Brands Inc. (NASDAQ: BDBD) tanked after lowering its earnings and sales estimates. Now the gluten-free food maker was downgraded to Hold from Buy at Canaccord Genuity, with its target cut to $10 from $17.
Boston Scientific Corp. (NYSE: BSX) was raised to Neutral from Sell and the target was raised to $13 from $11 at Goldman Sachs, and Oppenheimer raised its price target to $14.
Citrix Systems Inc. (NASDAQ: CTXS) was downgraded to Neutral from Buy at Bank of America Merrill Lynch. Wells Fargo maintained its Outperform rating and $75.00 to $80.00 valuation range.
Dow Chemical Co. (NYSE: DOW) was raised to Buy from Hold at Deutsche Bank.
Fifth Third Bancorp (NASDAQ: FITB) was raised to Buy from Neutral with a $22 price target (versus a $18.83 close) at Goldman Sachs.
Lockheed Martin Corp. (NYSE: LMT) was raised to Buy with a $193 price target at Argus.
Southwestern Energy Co. (NYSE: SWN) was started with a Positive rating at Susquehanna, and Credit Suisse maintained its Underperform rating.
TECO Energy Inc. (NYSE: TE) was raised to Buy from Hold with target of $22 at Argus.
3D Systems Corp. (NYSE: DDD) had a poor day after earnings, despite an analyst stepping into the vortex on Wednesday. The 3D systems maker was downgraded to Hold from Buy at Brean Capital.
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Tupperware Brands Corp. (NYSE: TUP) was downgraded to Neutral from Overweight at J.P. Morgan after poor earnings.
Whiting Petroleum Corp. (NYSE: WLL) was started with a Positive rating at Susquehanna.
In case you missed Wednesday’s top analyst upgrades and downgrades, they were in AOL, ARM Holdings, Chesapeake Energy, Coca-Cola, Cree, Groupon, Hecla Mining, 3D Systems, Yahoo! and a dozen more.
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