Top Analyst Upgrades and Stocks to Buy: Brocade, Hovnanian, SINA and More
August 14, 2013 by Jon C. OggInvestors and traders often look for new research ideas that can generate higher income or more profits. 24/7 Wall St. reviews many fresh research calls each morning to find great ideas from value stocks to growth stocks to dividend stocks. We have broken out the positive analyst calls, and these are some of this Wednesday’s top analyst upgrades, initiations and positive analyst research calls seen from Wall Street.
Brocade Communications Systems Inc. (NASDAQ: BRCD) was reiterated as Buy, but the price target was raised to $9 from $7.50, by ISI Group, as well as maintained Neutral but raised earnings estimates in 2013-2015 at Sterne Agee. Shares were higher Tuesday night after earnings.
Cerner Corp. (NASDAQ: CERN) was started as Buy at KeyBanc Capital Markets.
Cincinnati Bell Inc. (NYSE: CBB) was raised to Neutral from Underperform at BofA/Merrill Lynch.
Cullen/Frost Bankers Inc. (NYSE: CFR) was raised to Market Perform from Underperform at Raymond James.
GlaxoSmithKline PLC (NYSE: GSK) was raised to Neutral from Underweight at J.P. Morgan.
Hovnanian Enterprises Inc. (NYSE: HOV) was raised to Buy from Neutral at UBS.
MarkWest Energy Partners L.P. (NYSE: MWE) was raised to Buy from Neutral with a $81 price target at Goldman Sachs.
SINA Corp. (NASDAQ: SINA) was raised to Buy from Sell at Citigroup. It was also reiterated as Buy but the price target was raised to $100 from $80 at Stifel Nicolaus.
Deutsche Bank also has identified six technology stocks to buy.
Here are Wednesday’s top analyst downgrades and cautious research calls.
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