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Top Analyst Upgrades and Downgrades: AMD, Dish Network, Facebook, Nordstrom, SunPower and More
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It is Monday and stocks are looking for direction after new highs last week. Investors and traders now being told that the bull market has become a stock picker’s market. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week, on the lookout for new research ideas for our readers. Some of these Wall Street research reports cover stocks to buy, while others cover stocks to sell or to avoid.
Source: Jon Ogg
These are this Monday’s top Wall Street analyst upgrades, downgrades and initiations.
Advanced Micro Devices Inc. (NYSE: AMD) was downgraded to Underperform from Sector Perform at Pacific Crest.
Ashland Inc. (NYSE: ASH) was raised to Buy from Hold at KeyBanc Capital Markets.
BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) was raised to Outperform from Market Perform with a $17 to $19 target range at Wells Fargo.
Burlington Stores Inc. (NYSE: BURL) was raised to Buy from Neutral with a $37 price target at Goldman Sachs.
Casella Waste Inc. (NASDAQ: CWST) was downgraded to Hold from Buy at Wunderlich Securities.
Darling Ingredients Inc. (NYSE: DAR) was moved up from Buy to the prized Conviction Buy List at Goldman Sachs. The price target of $25 is against a $20.66 close.
Dish Network Corp. (NASDAQ: DISH) was raised to Buy from Neutral at Citigroup.
Express Inc. (NYSE: EXPR) was raised to Buy from Neutral at Janney Capital Markets.
ALSO READ: Eleven Analyst Stocks Trading Under $10 With Huge Implied Upside
Facebook Inc. (NASDAQ: FB) was reiterated as Buy with an $80 target at Sterne Agee. The firm raised estimates on its standout apps giving it a strong position in the future.
Hercules Offshore Inc. (NASDAQ: HERO) was downgraded to Sell from Neutral with a $3.60 price target (after a large drop to $4.36 on Friday) by Goldman Sachs.
Nordstrom Inc. (NYSE: JWN) was downgraded to Neutral from Buy at Goldman Sachs.
SunPower Corp. (NASDAQ: SPWR) was cut to Hold from Buy at Brean Capital.
Teradata Corp. (NYSE: TDC) was downgraded to Market Perform from Outperform by JMP Securities.
ALSO READ: Analyst Highlights Seven Apple iPhone 6 Suppliers to Buy
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