Investing

Top Analyst Upgrades and Downgrades: Apple, eBay, Netflix, Mobileye, Tiffany, Twitter and More

Stocks were looking for direction in the early indications for Wednesday. Still, investors are looking for opportunities with stocks effectively at all-time highs. Each morning of the week, 24/7 Wall St. reviews dozens of analyst research reports to find new trading and investing ideas for our readers. Some analyst reports feature stocks to buy, but others cover stocks to sell or to avoid.

These are this Wednesday’s top analyst upgrades and downgrades covered by 24/7 Wall St.

AngloGold Ashanti Ltd. (NYSE: AU) was raised to Buy from Neutral at Citigroup.

Apple Inc. (NASDAQ: AAPL) was downgraded to Sector Perform from Outperform at Pacific Crest, following the firm’s promise to downgrade the stock a week ago if the firm saw nothing game-changing. Mizuho maintained its Buy rating and raised the target to $110 from $105. Baird also raised its target to $110 from $105. Here is what the iPhone 6 was supposed to have, but did not.

eBay Inc. (NASDAQ: EBAY) was downgraded to Neutral from Overweight and the price target was cut to $55 from $63 (versus a $52.73 close) at Piper Jaffray.

GT Advanced Technologies Inc. (NASDAQ: GTAT) fell more than 12% on Tuesday after the iPhone 6 did not have sapphire glass. Now we have downgrades taking out another 8% to 9% to $13.55 in early trading: to Neutral from Buy at Goldman Sachs and to Neutral from Overweight at Piper Jaffray. Canaccord Genuity cut its target to $13 from $16.

READ ALSO: Merrill Lynch Changes Ratings on Key Oil Giants

L Brands Inc. (NYSE: LB) was raised to Outperform from Neutral and the price target was raised to $73 from $65 by Credit Suisse.

Mobileye N.V. (NYSE: MBLY) was downgraded to Hold from Buy with a $53 price target (versus a $56.60 close) at Deutsche Bank.

Netflix Inc. (NASDAQ: NFLX) was started as Buy with a $550 price target at Canaccord Genuity. Netflix was also started as Neutral at SunTrust Robinson Humphrey.

Noodles & Co. (NASDAQ: NDLS) was raised to Buy from Neutral at UBS.

Palo Alto Networks Inc. (NYSE: PANW) was indicated up over 5% at almost $94 after earnings and guidance. It has seen its price targets raised across the board: to $110 at Credit Suisse, to $115 at Morgan Stanley, to $120 at JMP Securities, to $110 at Piper Jaffray, to $110 at Baird and to $100 at Oppenheimer.

Spirit Airlines Inc. (NASDAQ: SAVE) was downgraded to Market Perform from Outperform with a $76 price target (versus a $71.88 close) at Cowen.

Tiffany & Co. (NYSE: TIF) was downgraded to Neutral from Outperform with a $112 price target (versus a $101.60 close) at Credit Suisse.

READ ALSO: Credit Suisse Releases New Top Investment Ideas

Twitter Inc. (NYSE: TWTR) was raised to Buy from Neutral and the price target was raised to $65 from $50 (versus a $50.61 close) at UBS.

VMware Inc. (NYSE: VMW) was started as Buy at Maxim.

In case you missed Tuesday’s top analyst upgrades and downgrades, they were in Chevron, Netflix, Newmont Mining, Southwest Air, Stratasys and many more.

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.