Stocks were firm on Thursday morning during a shortened week that is full of economic reports. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week for new ideas for our readers. Some of the analyst research reports cover stocks to buy, and some of them cover stocks to sell or to avoid.
These are this Thursday’s top analyst upgrades, downgrades and initiations from Wall Street firms.
Athlon Energy Inc. (NYSE: ATHL) was raised to Buy from Neutral at UBS. RBC Capital Markets has a Outperform rating but raised its target to $56 from $48 in the call.
Comerica Inc. (NYSE: CMA) was downgraded to Neutral from Buy at Citigroup.
Cree Inc. (NASDAQ: CREE) was raised to Outperform from Perform with a $59 price target (versus a $50.31 close) at Oppenheimer.
Cummins Inc. (NYSE: CMI) was reiterated as Buy with a target price of $170 at Argus.
Ericsson (NASDAQ: ERIC) was started with a Hold rating at Jefferies.