Investing
Top Analyst Upgrades and Downgrades: Alibaba, Cree, JD.Com, RF Micro, Kraft, Sprint, Visa and More
Published:
Last Updated:
Stocks were trading lower Thursday morning. One thing that holds true is that investors keep proving that they will step into the market and buy value stocks and overlooked stocks when they find the opportunity. 24/7 Wall St. reviews dozens of analyst research reports, on the hunt for new investment and trading ideas, each morning of the week. Some of these 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 as Buy at BNP Paribas with a $113 price target. This is a day after the quiet period expired, and we have shown a full description of the analyst coverage on the company. Note that shares closed down 1.4% at $98.31 on Wednesday after all the Buy ratings were issued.
CH Robinson Worldwide Inc. (NASDAQ: CHRW) was downgraded to Underweight from Neutral and the price target was cut to $65 from $68 (versus a $72.10 close) at Credit Suisse.
Cree Inc. (NASDAQ: CREE) was raised to Neutral from Underperform at Bank of America Merrill Lynch.
DSW Inc. (NYSE: DSW) was started as Underweight at Morgan Stanley.
Edison International (NYSE: EIX) was downgraded to Neutral from Buy at UBS.
JD.com Inc. (NASDAQ: JD) was started as Hold at Deutsche Bank.
Kraft Foods Group Inc. (NASDAQ: KRFT) was downgraded to Neutral from Outperform and the price target was cut to $58 from $63 (versus a $56.91 close) at Credit Suisse.
Lowe’s Companies Inc. (NYSE: LOW) was raised to Buy from Neutral at Goldman Sachs.
PG&E Corp. (NYSE: PCG) was raised to Neutral from Sell and the price target was moved to $48 from $43 at Goldman Sachs.
RF Micro Devices Inc. (NASDAQ: RFMD) was shown to have its merger with TriQuint on track in a note from Canaccord Genuity, and the firm raised its rating to Buy from Hold, and the price target was raised to $16.00 from $12.50.
Southern Co. (NYSE: SO) was downgraded to Underperform from Neutral with a $46 price target (versus a $46.42 close) at Merrill Lynch.
Sprint Corp. (NYSE: S) was raised to Neutral from Underperform at Credit Suisse, and the price target and the closing price were the same at $6.00.
ALSO READ: 8 Companies That Destroyed Prospects for Investors Last Week
SunPower Corp. (NASDAQ: SPWR) was raised to Buy from Hold at Canaccord Genuity.
Take-Two Interactive Software Inc. (NASDAQ: TTWO) traded higher after beating earnings. The video game maker was raised to Buy from Hold at Brean Capital.
TriQuint Semiconductor Inc. (NASDAQ: TQNT) was cited as having solid results with drivers in place for solid long-term growth by Canaccord Genuity, which raised it to Buy from Hold, and the price target was raised to $26 from $20.
Visa Inc. (NYSE: V) was raised to Outperform from Market Perform and the price target was raised to $260 from $250 at FBR Capital Markets.
In case you missed Wednesday’s top analyst upgrades and downgrades featured by 24/7 Wall St., they included Alibaba, Amgen, Cliffs Natural Resources, Michael Kors, Sanofi, Yahoo and a dozen or so more.
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.