Top Analyst Upgrades and Downgrades: Harley-Davidson, Micron, Sonus, Starwood, Tesla and More

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By Jon C. Ogg Published
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Stocks were indicated slightly lower on Wednesday morning, but the markets remain within about 2% of all-time highs. What is shown over and over is that investors line up to buy stocks after each and every pullback. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investment ideas for its readers. Some of these analyst reports cover stocks to buy, while other reports cover stocks to sell or avoid.

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

American Water Works Co. (NYSE: AWK) was raised to Outperform from Neutral at R.W. Baird. This was also started as Buy at Janney Capital Markets on Tuesday.

Aqua America Inc. (NYSE: WTR) was raised to Outperform from Neutral at R.W. Baird. This was also started as Buy at Janney Capital Markets on Tuesday.

Artesian Resources Corp. (NASDAQ: ARTNA) was raised to Outperform from Neutral at RW Baird.

Anheuser-Busch InBev S.A./N.V. (NYSE: BUD) was downgraded to Reduce from Overweight at HSBC.

BreitBurn Energy Partners L.P. (NASDAQ: BBEP) was downgraded to Sell from Neutral at UBS.

ALSO READ: What Could Take Apple Back Down to $100

Finish Line Inc. (NASDAQ: FINL) was downgraded to Neutral from Buy at B. Riley.

General Dynamics Corp. (NYSE: GD) was raised to Outperform from Sector Perform with a $152 price target (versus a $135.20 close) at RBC Capital Markets.

Harley-Davidson Inc. (NYSE: HOG) was started as Buy at Stifel.

Host Hotels & Resorts Inc. (NYSE: HST) was downgraded to Reduce from Neutral and was given a $22 price target (versus a $21.15 close) at SunTrust.

iDreamSky Technology Ltd. (NASDAQ: DSKY) was downgraded to Neutral from Overweight and its price target was cut to $9 from $22 at SunTrust. J.P. Morgan cut its rating to Neutral from Overweight and cut its target to $9 as well.

Micron Technology Inc. (NASDAQ: MU) was started as Neutral and was given a $33 price target (versus a $27.96 close) at MKM Partners. Argus maintained its Buy rating and $41 price target, saying to buy the stock on weakness.

Orbital ATK Inc. (NYSE: OA) was downgraded to Market Perform from Outperform at Wells Fargo, but the firm increased its price valuation range to $80 to $85 from $71 to $75 (versus a $79.77 close).

PNM Resources Inc. (NYSE: PNM) was raised to Outperform from Neutral at R.W. Baird.

Sonus Networks Inc. (NASDAQ: SONS) lost almost 34% of its value on Tuesday after entering a severe revenue shortfall. Several downgrades were already seen, but it was also downgraded to Hold from Buy at Wunderlich.

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) was downgraded to Neutral from Buy with an $85 price target (versus a $82.97 close) at SunTrust.

ALSO READ: Are Steel and Metals Stocks Bottoming Out?

Tesla Motors Inc. (NASDAQ: TSLA) was downgraded to Underperform from Outperform and the price target was cut to $220 from $275 (versus a $201.72 close) at CLSA.

United Rentals Inc. (NYSE: URI) was started as Outperform at Wells Fargo.

Xcel Energy Inc. (NYSE: XEL) was raised to Outperform from Neutral at RW Baird.

In case you missed Tuesday’s top analyst upgrades and downgrades, they included Atwood Oceanics, Hartford Financial, Kimberly-Clark, MEI Pharma, Sirius XM, Whiting Petroleum and over a dozen more.

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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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