Top Analyst Upgrades and Downgrades: Alibaba, Schwab, ExOne, Facebook, Micron, Twitter, Whiting and More

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By Jon C. Ogg Published
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Stocks were playing a bit of give-back on Tuesday morning after a big gain on Monday. The move is ahead of this week’s Federal Reserve meeting decision. As investors have bought stocks after every sell-off, 24/7 Wall St. is on the look for new ideas from brokerage firm analyst reports each morning. The aim is to find new investment and trading ideas for its readers. Some analyst reports cover stocks to buy, and other reports cover stocks to sell or to avoid.

These are this Tuesday’s top analyst upgrades and downgrades.

Alibaba Group Holding Ltd. (NYSE: BABA) was raised to Buy from Hold with a $99 price target (versus an $84.00 close) at Stifel. As a reminder, this upgrade is immediately before the huge lockup expiration.

Black Diamond Inc. (NASDAQ: BDE) was downgraded to Hold from Buy at Needham.

BlackRock Inc. (NYSE: BLK) was started as Buy with a $411 price target at Argus.

Camden Property Trust (NYSE: CPT) was started as Outperform at RW Baird.

Charles Schwab Corp. (NYSE: SCHW) was raised to Outperform from Market Perform at JMP Securities.

ExOne Co. (NASDAQ: XONE) was downgraded to Market Perform from Outperform at FBR Capital Markets.

Facebook Inc. (NASDAQ: FB) was started as Buy with a $96 price target (versus a $78.07 close) at Brean Capital.

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LinkedIn Corp. (NYSE: LNKD) was started as Sell with a $208 price target (versus a $260.17 close) at Brean Capital.

Mid-America Apartment Communities Inc. (NYSE: MAA) was started as Outperform at RW Baird.

Micron Technology Inc. (NASDAQ: MU) was maintained as Outperform at RBC Capital Markets, but the price target was lowered to $40 from $44 (versus a $28.50 close).

PGE Corp. (NYSE: PCG) was downgraded to Equal Weight from overweight at Morgan Stanley.

Salesforce.com Inc. (NYSE: CRM) was started as Hold with a $70 price target (versus a $66.43 close) at Brean Capital.

Twitter Inc. (NYSE: TWTR) was started as Buy at Brean Capital.

Weight Watchers International Inc. (NYSE: WTW) was downgraded to Underperform from Neutral at Credit Suisse.

Western Digital Corp. (NASDAQ: WDC) was maintained as Outperform at RBC Capital Markets, but the price target was lowered to $116 from $122 (versus a $98.20 close).

Whiting Petroleum Corp. (NYSE: WLL) was downgraded to Neutral from positive with a $40 price target (versus a $38.74 close) at Susquehanna.

ALSO READ: 8 Oil and Gas Stocks Analysts Want You to Buy

In case you missed Monday’s top analyst upgrades and downgrades, they were in shares of Anadarko Petroleum, DuPont, FXCM, Garmin, Netflix, Seagate Technology, JetBlue, King Digital Entertainment, YPF and many more.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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