Investing
Top Analyst Upgrades and Downgrades: AMD, Coach, Lululemon, Nokia and More
Published:
Last Updated:
Earnings season is upon us and the investing community is still dealing with uncertainty around the government shutdown and the debt ceiling. 24/7 Wall St. reviews dozens of Wall Street analyst calls each and every morning to find new ideas for our readers. Some turn out to be stocks to buy, while others are stocks to sell or to avoid. These are this Monday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.
Source: Jon Ogg
Advanced Micro Devices Inc. (NYSE: AMD) was raised to Outperform from Neutral and the price target was raised to $5 from $4.50 at Wedbush
Alcatel-Lucent S.A. (NYSE: ALU) was raised to Overweight from Equal Weight at Barclays.
Benefitfocus Inc. (NASDAQ: BNFT) saw its quiet period end and the ratings have mostly been positive. Shares were started as follows: Buy at Canaccord Genuity, Buy at Goldman Sachs, Overweight at Piper Jaffray and Buy at Jefferies.
Coach Inc. (NYSE: COH) was downgraded to Hold from Buy at Canaccord Genuity.
Compania de Minas Buenaventura SAA (NYSE: BVN) was raised to Overweight from Neutral at J.P. Morgan.
Ericsson (NASDAQ: ERIC) was downgraded to Underweight from Equal Weight at Barclays.
KLA-Tencor Corp. (NASDAQ: KLAC) was started as Overweight at J.P. Morgan.
K12 Inc. (NYSE: LRN) was downgraded to Underperform from Neutral at Bank of America Merrill Lynch.
Lam Research Corp. (NASDAQ: LRCX) was started as Overweight at J.P. Morgan.
Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Buy and the price target was raised to $90 from $85, as there are no cautious signs, according to Canaccord Genuity.
Mylan Inc. (NASDAQ: MYL) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Nokia Corp. (NYSE: NOK) was raised to Equal Weight from Underweight at Barclays.
Plantronics Inc. (NYSE: PLT) was started as Buy at Deutsche Bank.
Royal Bank of Scotland Group PLC (NYSE: RBS) was downgraded to Underperform from Neutral at Bank of America Merrill Lynch.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
