Top Analyst Upgrades and Downgrades: Carnival, Ericsson, Honeywell, Pier 1, Tesoro, Trimble and More

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By Jon C. Ogg Published
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Stocks were indicated to open higher on Friday morning after Thursday’s sell-off. Again, the trend that has ruled for almost three years now is that investors almost unconditionally buy stocks after each and every pullback. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or avoid. These are this Friday’s top analyst upgrades and downgrades.

Benefitfocus Inc. (NASDAQ: BNFT) was started as Outperform at Wells Fargo.

Boston Scientific Corp. (NYSE: BSX) was started as Outperform with a $21 price target (versus a $17.81 close) at Raymond James.

Carnival Corp. (NYSE: CCL) was started as Neutral with a $52 price target (versus a $46.68 close) at Wedbush Securities.

Care.com Inc. (NYSE: CRCM) was downgraded to Neutral from Overweight at J.P. Morgan.

Ericsson (NASDAQ: ERIC) was downgraded to Equal Weight from Overweight at Morgan Stanley.

Extreme Networks Inc. (NASDAQ: EXTR) was downgraded to Market Perform from Outperform at Raymond James.

ALSO READ: IBM Can Fall Further, With or Without Dividend Hike

Honeywell International Inc. (NYSE: HON) was maintained as a formal Buy but was raised to the prized Conviction Buy List with a $120 price target (versus a $103.02 close) at Goldman Sachs.

Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) was started as Outperform with a $65 price target (versus a $53.61 close) at Wedbush Securities.

Owens Corning (NYSE: OC) was raised to Overweight from Equal Weight with a $48 price target (versus a $39.72 close) at Barclays.

Pier 1 Imports Inc. (NYSE: PIR) was raised to Outperform from Perform with a $20 price target (versus a $13.41 close) at Oppenheimer.

Royal Caribbean Cruises Ltd. (NYSE: RCL) was started as Neutral with a $92 price target (versus a $79.98 close) at Wedbush Securities.

STMicroelectronics N.V. (NYSE: STM) was raised to Equal Weight from Underweight at Morgan Stanley.

TD Ameritrade Holding Corp. (NYSE: AMTD) was downgraded to Neutral from Buy at Goldman Sachs.

Tesoro Corp. (NYSE: TSO) was downgraded to Market Perform from Outperform at Wells Fargo.

ALSO READ: 6 Big Dividend Hikes Coming Very Soon

Trimble Navigation Ltd. (NASDAQ: TRMB) was started as Neutral at Goldman Sachs.

WageWorks Inc. (NYSE: WAGE) was started as Outperform at Wells Fargo.

Yamana Gold Inc. (NYSE: AUY) was raised to Overweight from Neutral at HSBC.

In case you missed Thursday’s top analyst upgrades and downgrades, they included Chesapeake Energy, eBay, Enterprise Products Partners, Gilead Sciences, Newmont Mining, Wynn Resorts and a dozen more companies.

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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