These are this Thursday’s top analyst upgrades, downgrades and initiations.
Adept Technology Inc. (NASDAQ: ADEP) was started with a Buy rating, called an undervalued differentiated robotics play and given an $11 price target (versus a $8.58 close and a consensus price target above $14) at Canaccord Genuity.
American Express Co. (NYSE: AXP) was started as Market Perform at Bernstein.
Apache Corp. (NYSE: APA) was started as Outperform at Imperial Capital
Capital One Financial Corp. (NYSE: COF) was started as Outperform at Bernstein.
Cliffs Natural Resources Inc. (NYSE: CLF) was downgraded to Hold from Buy at Deutsche Bank. We just asked on Wednesday if Cliffs is going off the cliff.
Cubist Pharmaceuticals Inc. (NASDAQ: CBST) was downgraded to Neutral from Outperform at Credit Suisse.
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Denbury Resources Inc. (NYSE: DNR) has seen multiple downgrades and was just named as one of our companies that will not be saved by a bull market alone. Now it was downgraded to Equal Weight from Overweight at Barclays.
Discover Financial Services (NYSE: DFS) was started as Market Perform at Bernstein.
International Paper Co. (NYSE: IP) was started as Market Perform at Wells Fargo.
JetBlue Airways Corp. (NASDAQ: JBLU) was raised to Neutral from Underperform at Credit Suisse, with the aim that cutting legroom and charging baggage fees is a better plus for shareholders than it is a negative for travelers.
Salesforce.com Inc. (NYSE: CRM) posted earnings and guidance was not exactly thrilling, but the customer relationship management software player was reiterated as Buy and called the top large-cap growth pick at Canaccord Genuity, with the price target raised to $70 from $65. Sterne Agee reiterated its Buy rating and $70 price target.
Statoil ASA (NYSE: STO) was raised to Overweight from Neutral at HSBC.
Synchrony Financial (NYSE: SYF) just filed for a huge $7.5 billion debt offering and the lender was started as Outperform at Bernstein.
TrueCar Inc. (NASDAQ: TRUE) was raised to Outperform from Sector Perform at RBC Capital Markets.
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Yum! Brands Inc. (NYSE: YUM) was raised to Buy from Neutral at Janney Capital Markets.
Zoetis Inc. (NYSE: ZTS) was downgraded to Market Perform from Outperform at William Blair.
In case you missed Wednesday’s top analyst upgrades and downgrades, they included BlackBerry, ConEd, Enbridge, Halliburton, Rackspace, TransCanada and a dozen or so more companies.
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