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Top Analyst Upgrades and Downgrades: AbbVie, CDW, CSC, Eli Lilly, Ericsson, Gold Fields, JD.com, Nokia, Rackspace and Many More
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Stocks were indicated to open higher on Tuesday. Investors have bought stocks on pullbacks for four years now in a bull market that is nearing seven years old. 24/7 Wall St. reviews dozens of analyst reports each morning to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, while other calls cover stocks to sell or to avoid. These are this Tuesday’s top analyst upgrades, downgrades and initiations.
AbbVie Inc. (NYSE: ABBV) was downgraded to Equal Weight from Overweight at Barclays. AbbVie has a consensus analyst price target of $75.21 and a 52-week trading range of $45.45 to $71.60.
Alcatel-Lucent S.A. (NYSE: ALU) was raised to Outperform from Neutral at Credit Suisse. Alcatel-Lucent American depositary shares (ADSs) closed at $3.93 and have a 52-week range of $3.06 to $4.96.
CDW Corp. (NASDAQ: CDW) was started with a Buy rating and was assigned a $52 price target (versus a $43.17 prior close) at Goldman Sachs. CDW has a consensus price target of $50.00 and a 52-week range of $32.57 to $46.92.
Computer Sciences Corp. (NYSE: CSC) was downgraded to Neutral from Buy and the price target was cut to $34 from $44 (versus a $31.33 close) at SunTrust Robinson Humphrey. CSC has a consensus target of $30.00 and a 52-week range of $24.77 to $31.96.
Eli Lilly and Co. (NYSE: LLY) was raised to Overweight from Equal Weight at Barclays, and the price target is $95.00 (versus an $82.04 close). Eli Lilly has a consensus price target of $97.53 and a 52-week range of $68.31 to $92.85.
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Ericsson (NASDAQ: ERIC) was downgraded to Underperform from Neutral at Credit Suisse. Ericsson’s ADSs closed at $9.69, with a consensus analyst target of $11.85 and a 52-week trading range of $9.06 to $13.14.
Gold Fields Inc. (NYSE: GFI) was downgraded to Sector Perform from Outperform RBC Capital Markets. The stock closed at $2.53, has a consensus analyst price target of $3.70 and has a 52-week range of $2.04 to $6.01.
JD.com Inc. (NASDAQ: JD) was reiterated as Buy with a $43.00 price target (versus a $30.68 close) at Jefferies. The firm met with its chief financial officer and thinks the fourth quarter is tracking well, with big financial and operational improvements in 2016. JD.com closed up 2.4% at $30.68 on Monday, against a consensus target price of $36.09 and in a 52-week range of $21.55 to $38.00.
Nokia Corp. (NYSE: NOK) was raised to Outperform from Neutral at Credit Suisse. Nokia closed at $7.21 and has a 52-week trading range of $5.71 to $8.37.
Rackspace Hosting, Inc. (NYSE: RAX) was raised to Outperform from Sector Perform and was given a $36.00 price target at RBC Capital Markets. Rackspace closed at $28.62. The consensus analyst price target is $39.00 and the 52-week range is $23.65 to $56.20.
TerraForm Power Inc. (NASDAQ: TERP) was raised to Outperform from Perform and was given a $10 price target (versus a $6.90 close) at Oppenheimer. TerraForm Power’s consensus price target is $23.94 and it has a 52-week range of $6.73 to $42.66.
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Other key analyst upgrades, downgrades and initiations were seen in the following on Tuesday:
ABB Ltd. (NYSE: ABB) was started as Sell at Citigroup.
Aduro BioTech Inc. (NASDAQ: ADRO) was downgraded to Perform from Outperform at Oppenheimer.
CBOE Holding Inc. (NASDAQ: CBOE) was downgraded to Market Perform from Outperform at Raymond James.
Chimerix Inc. (NASDAQ: CMRX) was started as Neutral with a $50.00 fair value estimate (versus a $41.92 close) at Janney Capital Markets.
Conn’s Inc. (NASDAQ: CONN) was raised to Buy from Hold with a $35 price target (versus a $26.67 close) at Stifel.
Fidelity National Information Services Inc. (NYSE: FIS) was started as Neutral with a $70.00 price target (versus a $63.67 close) at Goldman Sachs.
Joy Global Inc. (NYSE: JOY) was downgraded to Underperform from Neutral and the price objective was slashed to $10 from $21 (versus a $15.35 close) at Bank of America Merrill Lynch.
Keysight Technologies Inc. (NYSE: KEYS) was started as Hold with a $30.00 price target (versus a $30.81 close) at Deutsche Bank.
Leucadia National Corp. (NYSE: LUK) was started with an Outperform rating and was given a $27 price target (versus a $17.68 close) at Oppenheimer.
Newmont Mining Corp. (NYSE: NEM) was downgraded to Neutral from Buy at Citigroup.
ALSO READ: Jefferies Has 4 Blue Chip High-Dividend Franchise Picks to Buy Now
Rexx Energy Corp. (NASDAQ: REXX) was downgraded to Sell from Hold and was given a $0.75 price target (versus a $1.37 close) at Stifel.
TG Therapeutics Inc. (NASDAQ: TGTX) was started as Outperform with a $29.00 price target (versus a $13.18 close) at FBR Capital Markets.
uniQure N.V. (NASDAQ: QURE) was started as Buy and was given a $40.00 fair value estimate (versus a $21.57 close) at Janney Capital Markets.
Xerox Corp. (NYSE: XRX) was started with a Neutral rating and was assigned a $10 price target (versus a $10.55 close) at Goldman Sachs.
Zendesk Inc. (NYSE: ZEN) was reiterated as Buy at Canaccord Genuity and it was still called a top small cap growth pick. That being said, its shares have risen from about $19 to $25 in a few weeks, and they feel the stock needs a pause to catch its breath through year-end.
In case you missed Monday’s top analyst upgrades and downgrades, they were in shares of Fitbit, General Electric, Lockheed Martin, Lululemon Athletica, Marriott International, Microsoft, Philip Morris, SLM and over a dozen more companies.
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