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.
Top Gaining Stocks
Top Losing Stocks