Investing
Top Analyst Upgrades and Downgrades: Apache, Arch Coal, CBOE, Chevron, GM, Nasdaq and More
Published:
Stocks have tried to bounce after a sharp sell-off, but investors remain wary. They want bull market upside, but they also want to avoid the next market correction. Is it time for value stocks or is it time for beaten down momentum and growth stocks? 24/7 Wall St. reviews many analyst research reports each morning, on the hunt for new ideas for its readers. Some analyst calls are about stocks to buy, while some cover stocks to sell or to avoid. These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Alpha Natural Resources Inc. (NYSE: ANR) was downgraded to Sell from Neutral and the price target was cut to $3 from $5 by UBS.
Apache Corp. (NYSE: APA) was downgraded to Hold from Buy at Deutsche Bank.
Arch Coal Inc. (NYSE: ACI) was downgraded to Sell from Neutral by UBS.
CBOE Holdings Inc. (NASDAQ: CBOE) was raised to Buy from Neutral at Bank of America Merrill Lynch.
Carlyle Group L.P. (NASDAQ: CG) was raised to Outperform from Perform at Oppenheimer.
Chevron Corp. (NYSE: CVX) was started with a Buy rating and a $140 price target (versus a $117 close) at Jefferies. Chevron is also one of Warren Buffett’s top dividend stocks.
E*Trade Financial Corp. (NASDAQ: ETFC) was raised to Neutral from Underperform and Merrill Lynch.
Exxon Mobil Corp. (NYSE: XOM) was started with a Hold rating at Jefferies.
Fortune Brands Home & Security Inc. (NYSE: FBHS) was raised to Outperform from Neutral and the price target was raised to $50 from $47 by Credit Suisse.
READ ALSO: Warren Buffett’s Top Dividend Stocks
General Motors Co. (NYSE: GM) was given a nasty downgrade to Underweight from Equal Weight at Morgan Stanley. The price target was slashed to $33 from $49 in the call, after shares closed at $34.53.
Intuitive Surgical Inc. (NASDAQ: ISRG) was started with an Underperform rating and given a $440 price target (versus a $489.84 close) at Sterne Agee.
Nasdaq OMX Group Inc. (NASDAQ: NDAQ) was downgraded to Neutral from Buy at Merrill Lynch.
NXP Semiconductors N.V. (NASDAQ: NXPI) was raised to Strong Buy from Outperform by Raymond James. It was also one of the few positive calls from Deutsche Bank when it said semiconductor shares are too expensive.
Ryanair Holdings PLC (NASDAQ: RYAAY) was raised to Overweight from Equal Weight by Barclays.
Walter Energy Inc. (NYSE: WLT) was downgraded to Sell from Neutral and the price target was cut to $5 from $8 by UBS.
Afinancial 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.