Top Analyst Upgrades and Downgrades: Apache, Baker Hughes, Intercept Pharmaceutical, Rite Aid, Synchrony Financial, US Steel and More

Investing

Published: April 8, 2016 8:55 am

Last Updated: January 13, 2020 11:00 am

Well the volatility is back, at least for now, and Thursday’s big loss is starting to remind investors how the first six weeks of the 2016 trading year went. The good thing is the futures were looking up nicely Friday morning, while the European bourses are all up at midday there. With a huge earnings week coming next week, investors may play it safe going into the weekend.

24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.

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

Apache Corp. (NYSE: APA) was upgraded to Outperform from Market Perform at Wells Fargo. The Thomson/First Call consensus price objective for the stock is $47.23. The 52-week trading range is $32.30 to $71.87. The shares closed on Thursday at $49.19.

Baker Hughes Inc. (NYSE: BHI) was downgraded to Underperform from Buy at Jefferies. The consensus price target is $53.85. The shares closed Thursday at $41.93, within a 52 week trading range of $37.58 to $70.45.