Each morning 24/7 Wall St. compiles a summary of the analyst upgrades, downgrades and initiations seen from Wall St. research firms that are having an impact on stocks. At the end of the week we review these calls to see which ones stand out the most. Some are great calls that were greatly insightful, some are long-term and far-reaching in nature that may be relevant well into the future, and some manage to be just awful. After filtering these calls out, these become the top analyst calls of the week.
This weeks top analyst calls were in the following stocks: Bank of New York Mellon (NYSE: BK); Beam (NYSE: BEAM); Cell Therapeutics (NASDAQ: CTIC); Cisco Systems (NASDAQ: CSCO); Demand Media (NYSE: DMD); First Solar (NASDAQ: FSLR); General Electric (NYSE: GE); Goldman Sachs Group (NYSE: GS); Rackspace Hosting (NYSE: RAX); Sprint Nextel (NYSE: S); and Vistaprint (NASDAQ: VPRT). We also have a rivaling look at Apple (NASDAQ: AAPL) as we look for upside elsewhere.
We have added in summaries, links to more details of these calls, and added in color where applicable.
Bank of New York Mellon (NYSE: BK) has already been punished hard with banks and fiduciary banks. This last Thursday came a call from Zacks, calling it the Bear of the Day due to overhanging issues ahead. Keep in mind that this one has earnings this coming week.
Beam (NYSE: BEAM) is now on its own and we saw in the first week of October that the alcohol producer had been given an Overweight by Barclays and been put on the Conviction Buy List at Goldman Sachs. Now this last week came a more cautious report from Argus, who only gave a Hold rating. We will be tracking this one as Argus often looks at metrics that many other analyst reports do not take into consideration.
Cell Therapeutics (NASDAQ: CTIC) was given a highly unusual call from Zacks as the Bull of the Day on Friday with full details at BiohealthInvestor.com. This was actually a raise to Outperform based on a likely approval of pixantrone. Analysts often shy away from covering low-priced small cap stocks of this nature.
Cisco Systems (NASDAQ: CSCO) is well off of its lows and the company is in the middle of its restructuring. A firm called ISI Group started Cisco with a Buy rating and a $20.00 price target this last Friday.
Demand Media (NYSE: DMD) managed to come back strong on Friday, but on this last Wednesday (and the afternoon before) its shares were being hit hard. The controversial online content site was downgraded to Neutral at Goldman Sachs. The new price target was taken down to $8.20 as this one trades at about 33-times consensus earnings estimates for 2011.