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Top Analyst Upgrades and Downgrades: Brocade, IAC, Nabors, Priceline, Teva, Yamana Gold
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Stocks were indicated lower on the last day of the first quarter, and the Dow Jones Industrial Average and S&P 500 are borderline up-down for the year. With the bull market now six years old, the one trend that has remained static for the past three years or so is that investors have bought up every single dip. 24/7 Wall St. reviews dozens of analyst research reports each day of the week in order to find new trading or investment ideas for its readers. Some analyst calls cover stocks to buy, while other reports cover stocks to sell or avoid.
These are this Tuesday’s top analyst upgrades and downgrades.
Brocade Communications Systems Inc. (NASDAQ: BRCD) was raised to Market Perform from Underperform at William Blair.
Deutsche Bank A.G. (NYSE: DB) was downgraded to Neutral from Outperform at Credit Suisse.
Horizon Pharma PLC (NASDAQ: HZNP) was raised to Overweight from Neutral at Piper Jaffray.
IAC/InterActiveCorp (NASDAQ: IACI) was started as Outperform at JMP Securities.
Nabors Industries Ltd. (NYSE: NBR) was raised to Outperform from Market Perform at Wells Fargo.
National Oilwell Varco Inc. (NYSE: NOV) was maintained as Buy at Argus, but the firm slashed its price target down to $57 from $85 (versus a $49.84 close) in the call.
ALSO READ: 8 Analyst Stocks Under $10 With Massive Upside
Patterson-UTI Energy Inc. (NASDAQ: PTEN) was raised to Outperform from Market Perform at Wells Fargo.
Pioneer Energy Services Corp. (NYSE: PES) was raised to Outperform from Market Perform at Wells Fargo.
PNM Resources Inc. (NYSE: PNM) was raised to Overweight from Sector Weight at KeyBanc Capital Markets.
Priceline Group Inc. (NASDAQ: PCLN) was raised to Buy from Hold at Stifel.
Reliance Steel & Aluminum Co. (NYSE: RS) was raised to Outperform from Neutral at Credit Suisse.
Rice Midstream Partners L.P. (NYSE: RMP) was started as with an Outperform at Wells Fargo.
Skullcandy Inc. (NASDAQ: SKUL) was started as Buy at Wunderlich.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was raised to Outperform from Perform with a $77 price target at Oppenheimer.
Virgin America Inc. (NASDAQ: VA) was started as Hold at Stifel.
World Point Terminals L.P. (NYSE: WPT) was downgraded to Underperform from Outperform and the price target was cut to $19 from $24 at Credit Suisse. The downgrade was based on on a lower distribution forecast.
ALSO READ: 7 Oil and Gas Stocks, or MLPs, Analysts Want You to Buy
Yamana Gold Inc. (NYSE: AUY) was reinstated with a Neutral rating and target price of $4.50 (versus $3.73 close) at Credit Suisse.
ZAGG Inc. (NASDAQ: ZAGG) was started as Buy at Wunderlich.
Zebra Technologies Corp. (NASDAQ: ZBRA) was raised to Outperform from Market Perform at Wells Fargo.
In case you missed Monday’s top analyst upgrades and downgrades, they were in shares of Altera, Delta Air, Devon Energy, General Motors, Micron Technology and about 20 more companies.
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