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Top Analyst Upgrades and Downgrades: Keurig, ON Semi, Salesforce, Sunoco, Disney, Wendy's and Many More

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Stocks were indicated higher again on Thursday, but the Dow was lagging versus the Nasdaq and S&P 500. Investors keep proving that they want to buy stocks, looking for growth, value and undiscovered opportunities. 24/7 Wall St. reviews dozens of analyst reports each day of the week to find new investing and trading ideas for its readers. Some of the analyst reports cover stocks to buy, while other calls cover stocks to sell or avoid.

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

Keurig Green Mountain Inc. (NASDAQ: GMCR) was maintained as Neutral at Roth, but the price target was cut to $50 from $58. Canaccord Genuity maintained its Hold rating but the price target was cut to $55 from $59. Keurig shares were indicated up 18% at $48.13 after earnings fell less than expected, and their 52-week trading range is $39.80 to $150.57.

ON Semiconductor Corp. (NASDAQ: ON) was raised to Buy from Neutral with a $13 price target (versus a $9.89 prior close, after a 7.9% drop) at Citigroup. The consensus price target is $13.19, and the 52-week range is $8.00 to $13.50.

Salesforce.com Inc. (NYSE: CRM) was indicated up 5% at $81.40 after solid earnings. Canaccord Genuity reiterated its Buy rating and raised its price target to $95 from $85, noting that investors should expect the stock to appreciate 15% to 19% annually at least through 2020. Other price target hikes were seen from the likes of Wunderlich, Stifel and Morgan Stanley. Salesforce already had been upgraded twice with higher targets this week ahead of the report.

Sunoco L.P. (NYSE: SUN) was raised to Outperform from Neutral with a $57 price target (versus a $37.89 close) at Credit Suisse. Sunoco has a consensus price target of $47.36 and a 52-week range of $29.50 to $54.83.

Walt Disney Co. (NYSE: DIS) was maintained as Buy at Topeka Capital Markets, but the price target was cut to $133 from $136 (versus a $118.14 close). The consensus price target is $119.07, and the 52-week range is $88.75 to $122.08.

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Wendy’s Co. (NASDAQ: WEN) was raised to the Conviction Buy list from Neutral at Goldman Sachs. Wendy’s closed at $9.90 and was indicated up almost 35 at $10.18, with a consensus price target of $11.28 and a 52-week range of $8.43 to $11.71.

Other Key Analyst Calls Seen on Thursday

Bloomin’ Brands Inc. (NASDAQ: BLMN) was maintained as Buy but was removed from the prized Conviction Buy list at Goldman Sachs.

Boot Barn Holdings Inc. (NYSE: BOOT) was downgraded to Market Perform from Outperform at Wells Fargo.

Brinker International Inc. (NYSE: EAT) was downgraded to Neutral from Buy at Goldman Sachs.

Columbia Sportswear Co. (NASDAQ: COLM) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.

Fiesta Restaurant Group Inc. (NASDAQ: FRGI) was raised to Strong Buy from Outperform at Raymond James.

General Dynamics Corp. (NYSE: GD) was raised to Buy from Hold at Argus.

Genomic Health Inc. (NASDAQ: GHDX) was raised to Outperform from Market Perform at Cowen.

Green Plains Inc. (NASDAQ: GPRE) was started as Buy with a $27 price target at BB&T Corp.

Qualcomm Inc. (NASDAQ: QCOM) was maintained as Buy at Stifel but the price target was cut to $59 from $70.

Regis Corp. (NYSE: RGS) was downgraded to Neutral from Overweight at Piper Jaffray.

ALSO READ: Major Changes Seen in Warren Buffett and Berkshire Hathaway Stock Holdings

In case you missed Wednesday’s top analyst upgrades and downgrades, they included Apple, Bluebird Bio, Exxon Mobil, Kinder Morgan, Kinross Gold, Lending Club, Perrigo and about 10 more companies.

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