This last week was very busy, and Friday’s disappointing trading day skewed many research reports. Each morning we track analyst upgrades and downgrades and over the weekend we review each to see which stood out as highly insightful, or which were great money-makers for investors. Of course, there are some really bad calls that come about too. For better or worse, these make up the 24/7 Wall St. Top Analyst Calls of the Week.
This last weeks most featured reports were in shares of the following: A123 Systems, Inc. (NASDAQ: AONE); Alcatel-Lucent S.A. (NYSE: ALU); American Superconductor Corporation (NASDAQ: AMSC); Annaly Capital Management Inc. (NYSE: NLY); Apple Inc. (NASDAQ: AAPL); Cisco Systems, Inc. (NASDAQ: CSCO); Coach, Inc. (NYSE: COH); Coinstar, Inc. (NASDAQ: CSTR); ConocoPhillips (NYSE: COP); Digital Realty Trust, Inc. (NYSE: DLR); International Business Machines Corporation (NYSE: IBM); Leapfrog Enterprises Inc. (NYSE: LF); 3M Co. (NYSE: MMM); Macy’s Inc. (NYSE: M); OpenTable Inc. (NASDAQ: OPEN); Post Holdings Inc. (NYSE: POST); Sirius XM Radio Inc. (NASDAQ: SIRI); Sohu.com Inc. (NASDAQ: SOHU); True Religion Apparel, Inc. (NASDAQ: TRLG); and Zoltek Companies, Inc. (NASDAQ: ZOLT).
We have summarized each call and either added in trading color or provided a link to more data on each.
A123 Systems, Inc. (NASDAQ: AONE) was a highly influential call from a firm not very well known. The battery maker was downgraded on fears that Fiskar will not be able to keep buying from them. This fell 23% after it was cut to Sell at Wunderlich, but the price target was the real kicker: $0.50. Ouch.
Alcatel-Lucent S.A. (NYSE: ALU) was sure a wrong-way call of the week. The perpetually turning-around communications equipment maker was downgraded to ‘Sell’ at S&P Equity Research ahead of earnings and the stock closed up almost 13% at $2.19 on Friday.
American Superconductor Corporation (NASDAQ: AMSC) was inadvertently a really bad call because it got caught up in a weak stock market day and got caught on a day when alternative energy players took it on the chin. This one was raised to ‘Buy’ at Citigroup on Friday and closed don over 8% at $5.11 after opening at $5.36 on the day. Oops.
Annaly Capital Management Inc. (NYSE: NLY) had a rough week based in part on a mortgage foreclosure settlement. We expect the debate to continue over the real impact, but this high dividend yield mortgage REIT was downgraded to ‘Market Perform’ and the price target was cut to $16.00 from $17.50 by Friedman, Billings & Ramsey this last week.
Apple Inc. (NASDAQ: AAPL) keeps hitting new all-time highs each day. Apparently it is going to keep doing that for quite some time if Canaccord Genuity gets its way. That firm listed many reasons to raise it price target to $665 this last week.
Cisco Systems, Inc. (NASDAQ: CSCO) was better than what we feel the street gave it credit for on earnings. Credit Suisse only reiterated an ‘Outperform’ rating ahead of earnings, but what stood out was the $26.00 price target because that is about $4.50 higher than the consensus price target and that is also close to where the stock petered out in 2010.
Coach, Inc. (NYSE: COH) may be gutsy and may be an afterthought. It was recently given a strong tout by CNBC’s Jim Cramer as his luxury stock of choice, but on Friday it was raised started as ‘Buy’ with a target of $85 at Citigroup. This came on a day when the stock hit an all time high and closed at $74.54.
Coinstar, Inc. (NASDAQ: CSTR) is already up big over the last week, but we have never really considered it just as a value stock. Don’t tell that Zacks… On Friday it was named as Zacks’ Value Stock of the Day.