Investing

Top Analyst Upgrades and Downgrades: First Solar, Ford, Frontier Communications, JPMorgan, Macy's, Yamana Gold and More

Jon C. Ogg

Published: February 24, 2016 8:50 am

Last Updated: January 13, 2020 12:47 pm

Stocks were indicated to open down again on Wednesday, stoking concerns that the rallies are still just selling opportunities. In the prior four years it was a “buy the dips” mentality.

24/7 Wall St. reviews dozens of analyst reports each day of the week. The goal is to find new investing and trading ideas for its readers. Some of these analyst reports cover stocks to buy, while others are about stocks to sell or avoid.

These are the top analyst upgrades, downgrades and initiations seen on Wednesday, February 24, 2016.

First Solar Inc. (NASDAQ: FSLR) was reiterated as Buy and the price target was raised to $84 from $82 (versus a $61.79 prior close, and up over 2% to $63.25 in early indications) at Janney Capital Markets. Credit Suisse maintained its Neutral rating. First Solar has a consensus analyst price target of $74.75 and a 52-week trading range of $40.25 to $72.12.

Ford Motor Co. (NYSE: F) was downgraded to Underperform from Neutral with a $13 price target (versus a $12.42 close) at Credit Suisse. The consensus analyst target is $15.82, and the 52-week range is $10.44 to $16.74.

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