Top Analyst Upgrades and Downgrades: Apple, ASML, Schwab, GoPro, Kraft, Netflix, Red Hat and More

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By Jon C. Ogg Published
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Stocks were indicated lower on Thursday morning after Wednesday’s deep sell-off. While one never knows if a trend reversal is here, the one trend that has been in place for three years or more is that investors have bought their favorite stocks on each and every dip. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new trading and investment ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or to avoid.

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

Apple Inc. (NASDAQ: AAPL) was reiterated as Outperform and its price target was raised to $145 from $140 at Credit Suisse. The firm said that there is a prolonged product cycle in play.

ASML Holding N.V. (NASDAQ: ASML) was downgraded to Sell from Hold at Deutsche Bank.

Canadian National Railway Co. (NYSE: CNI) was raised to Outperform from Market Perform at Cowen.

Charles River Laboratories International Inc. (NYSE: CRL) was downgraded to Neutral from Buy at SunTrust.

Charles Schwab Corp. (NASDAQ: SCHW) was raised to Overweight from Underweight and the price target was raised to $34 from $25 at Barclays.

Dr Pepper Snapple Group Inc. (NYSE: DPS) was raised to Buy from Hold with a $90 price target (versus a $77.17 close) at Stifel.

GoPro Inc. (NASDAQ: GPRO) was raised to Outperform from Neutral with a $57 price target (versus a $42.30 close) at R.W. Baird.

ALSO READ: 7 Companies That Need to Split Their Stocks

HomeAway Inc. (NASDAQ: AWAY) was started as Outperform at Oppenheimer.

IHS Inc. (NYSE: IHS) was downgraded to Hold from Buy at Argus.

Kraft Foods Group Inc. (NASDAQ: KRFT) was downgraded to Sell at Argus following its merger announcement.

MobileIron Inc. (NASDAQ: MOBL) was started as Outperform with a $13 price target (versus a $8.76 close) at RBC Capital Markets.

Myriad Genetics Inc. (NASDAQ: MYGN) was downgraded to Sell from Neutral and the price target was cut to $25 from $31 (versus a $36.20 close) at Goldman Sachs.

Netflix Inc. (NASDAQ: NFLX) was started as Hold at Argus, and the firm said that it would look for a more appropriate entry point in the low $300s as an opportunity to raise its rating.

Pernix Therapeutics Holdings Inc. (NASDAQ: PTX) was started as Outperform at Oppenheimer.

Red Hat Inc. (NYSE: RHT) shares were up over 4% at $71.60 in early trading after earnings. The software player was reiterated Outperform at Credit Suisse with a target price hike to $78 from $75. Northland Securities reiterated its Outperform rating and raised its target price to $80 from $75. BMO Capital Markets reiterated its Outperform rating and raised its target to $83 from $77.

Sunoco L.P. (NYSE: SUN) was started as Buy and was given a $60 price target (versus a $51.64 close) at Goldman Sachs.

Union Pacific Corp. (NYSE: UNP) was downgraded to Market Perform from Outperform at Cowen.

ALSO READ: Short Sellers Attack Warren Buffett and His Top Stocks

In case you missed Wednesday’s top analyst upgrades and downgrades, they were in shares of Harley-Davidson, Micron Technology, Sonus Networks, Starwood Hotels, Tesla Motors 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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