24/7 Wall St. has also created a list of the most revered DJIA stocks since the October 15 V-bottom.
These are this Thursday’s top analyst upgrades, downgrades and initiations.
Alliant Techsystems Inc. (NYSE: ATK) was downgraded to Hold from Buy on an uncertain outlook at Argus.
Applied Materials Inc. (NASDAQ: AMAT) was raised to Outperform from Neutral with a $26 price target (versus a $22.49 close) at Credit Suisse. This is an unusual call when you consider that this chip equipment giant reports earnings today after the close.
Broadcom Corp. (NASDAQ: BRCM) was raised to Buy from Neutral with a $48 price target (versus a $41.15 close) at Goldman Sachs.
Bristol-Myers Squibb Co. (NYSE: BMY) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Canadian Solar Inc. (NASDAQ: CSIQ) was reiterated as Buy after earnings at Canaccord Genuity, but the price target was cut to $46 from $48. Here is our earnings analysis on Canadian Solar.
Capital One Financial Corp. (NYSE: COF) was started as Buy at Deutsche Bank.
Cisco Systems Inc. (NASDAQ: CSCO) was reiterated as Underperform and with a $20 price target at Credit Suisse. Wells Fargo maintained its Outperform rating and its valuation range of $27 to $29. Sterne Agee maintained its Buy rating and $28 price target. Here is the full Cisco earnings analysis.
Discover Financial Services (NYSE: DFS) was downgraded to Hold from Buy at Deutsche Bank.
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EMC Corp. (NYSE: EMC) was started as Hold at Maxim Group.
Genworth Financial Inc. (NYSE: GNW) was raised to Outperform from Market Perform at Raymond James, but this is also after shares have been cut in half from their 52-week high.
Jabil Circuit Inc. (NYSE: JBL) was downgraded to Neutral from Buy at Goldman Sachs.
Macy’s Inc. (NYSE: M) was downgraded to Market Perform from Outperform at Wells Fargo.
Marvell Technology Group Ltd. (NASDAQ: MRVL) was downgraded to Sell from an already cautious Neutral rating at Goldman Sachs.
Quest Diagnostics Inc. (NYSE: DGX) was raised to Buy from Hold at Deutsche Bank.
Rocket Fuel Inc. (NASDAQ: FUEL) was reiterated as Outperform and with a $31 price target after earnings at Credit Suisse. This closed at $16.23 before earnings and was indicated up around $19 in early trading indications on Thursday.
SanDisk Corp. (NASDAQ: SNDK) was raised to Buy from Neutral at Goldman Sachs.
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Tyson Foods Inc. (NYSE: TSN) was started as Outperform with a $48 price target (versus a $39.87 close) at RBC Capital Markets.
VMware Inc. (NYSE: VMW) was started as Buy with a $100 price target (versus a $86.50 close) at Maxim Group.
In case you missed Wednesday’s top analyst upgrades and downgrades, they included Comcast, Groupon, HCA, J.P. Morgan, JetBlue, NetApp, Verifone and a dozen or so more.
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