Stocks were indicated lower on Thursday after having been in positive territory in the wee-hours of the futures trading. Another rally has been used as an opportunity to sell, even if the prior four-year trend was to buy the dips.

24/7 Wall St. reviews dozens of analyst reports each morning. The goal is to find new investing and trading ideas for its readers. Some of these analyst reports are on stocks to buy, whiles cover stocks to sell or to avoid.

These are the top analyst upgrades, downgrades and initiations seen on Thursday, February 4, 2016.

GoPro Inc. (NASDAQ: GPRO) traded lower after disappointing earnings and announcing a new chief financial officer. It was downgraded to Neutral from Buy with a $10.00 price target at Sterne Agee CRT. Shares were indicated down 14.5% or so at $9.15, and its 52-week trading range was $9.90 to $65.49.

Illumina Inc. (NASDAQ: ILMN) was downgraded to Hold from Buy and the price target was cut to $160 from $205 (versus a $149.46 prior close) at Canaccord Genuity. Piper Jaffray had just raised its rating to Overweight the previous day. The consensus analyst target is $186.95, and the 52-week range is $130.00 to $242.37.

Mattel Inc. (NASDAQ: MAT) was raised to Buy at Argus with a $38.00 price target (versus a $31.76 close). Mattel has now risen above its $29.73 consensus analyst target, and its 52-week range is $19.45 to $32.20 after the new high on Wednesday.

Match Group Inc. (NASDAQ: MTCH) was downgraded to Equal Weight from Overweight and the price target was cut to $14 from $17 (versus $10.66 close, after a 12.5% drop) at Barclays. Oppenheimer maintained its Outperform rating and $17 target.

Peabody Energy Corp. (NYSE: BTU) was downgraded to Underperform from Market Perform with a measly $1.00 price target (versus a  $4.18 close) at FBR Capital Markets. Peabody still has a consensus target north of $8 and a 52-week range of $2.83 to $123.45 on a reverse split-adjusted basis.

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, was downgraded to Underperform from Neutral at JPMorgan. Petrobras has a consensus price target under $5.00 now, and its 52-week range is $2.71 to $10.55. On Wednesday, S&P maintained its BB rating on some Petrobras ratings but gave it a Negative Outlook, and its stand-alone credit profile (SACP) was cut to B- from B+ in the call.

Wayfair Inc. (NYSE: W) was raised to Buy from Neutral with a $53.00 price target (versus a $40.25 close) at Goldman Sachs. This call is on the heels of it launching its exclusive new home brands this week. Wayfair has a 52-week range of $20.28 to $56.84 and still has a consensus price target of $56.60.

Yahoo! Inc. (NASDAQ: YHOO) was raised to Buy from Neutral with a $32 price target at Citigroup. Many firms lowered their targets on Wednesday, but there were still many Buy and Outperform types of ratings, and the consensus price target from 13 analyst targets seen on Wednesday was still over $35.00. Yahoo closed down almost 5% at $27.68 and has a 52-week range of $26.57 to $46.17.

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Other key analyst upgrades and downgrades were seen in the following on Thursday:

Abaxis Inc. (NASDAQ: ABAX) was started as Underperform with a $39 price target (versus a $42.42 close) at Credit Suisse.

Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) was maintained as Hold at Jefferies, but the firm lowered its price target to $165 from $190.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) was downgraded to Neutral at Longbow, and its target was cut to $142 at Credit Suisse. Jefferies lowered its target to $152 from $163 and maintained its Hold rating.

Cree Inc. (NASDAQ: CREE) was raised to Outperform from Market Perform at Northland Securities.

Franklin Resources Inc. (NYSE: BEN) was maintained Sector Perform but its price target was cut to $38 at RBC Capital Markets.

IAC/InterActiveCorp (NASDAQ: IACI) was maintained as Hold at Jefferies, but the firm lowered its price target to $55 from $73 (versus a $50.68 close) after earnings.

Intrawest Resorts Holdings Inc. (NYSE: SNOW) was downgraded to Neutral from Outperform at Macquarie.

National Oilwell Varco Inc. (NYSE: NOV) was maintained as Hold at Jefferies, but the firm cut its target price to $27 from $34. Credit Suisse lowered its price target to $21 from $26.

Pacific Biosciences of California Inc. (NASDAQ: PACB) was downgraded to Neutral from Overweight with a $11 price target at Piper Jaffray.

PennyMac Mortgage Investment Trust (NYSE: PMT) was downgraded to Market Perform from Outperform at Wells Fargo.

Shutterfly Inc. (NASDAQ: SFLY) was downgraded to Neutral from Buy with a $44 price objective (versus a $39.63 close) at Bank of America Merrill Lynch. Jefferies kept its Hold rating in place but trimmed its price target to $46 from $47.

Westinghouse Air Brake Technologies Corp. (NYSE: WAB) was downgraded to Neutral from Buy and the price target was cut to $68 from $87 (versus a $63.73 close) at Goldman Sachs.

Whirlpool Corp. (NYSE: WHR) was raised to Buy from Neutral with a $174 price target (versus a $135.08 close) at Goldman Sachs.

If you missed Wednesday’s top analyst upgrades and downgrades, they were in shares of AIG, Baidu, Chipotle Mexican Grill, Dow Chemical, Mallinckrodt, Palo Alto Networks, Tesla, Xilinx and over a dozen more companies.

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