Top Analyst Upgrades and Downgrades: Apple, Broadcom, DSW, SBA Communications, Tyson Foods and Many More

Investing

Published: March 4, 2016 8:40 am

Last Updated: January 13, 2020 12:23 pm

Stocks were indicated to open higher ahead of the key unemployment and payrolls report. After two weeks of rally, now investors are wondering if the old trend of buying the dips has replaced the newer 2016 trend of January and the first half of February in which investors just sold into every rally.

24/7 Wall St. reviews dozens of analyst reports each morning of the week. The goal is to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, and other calls cover stocks to sell or avoid.

These are the top analyst upgrades, downgrades and initiations seen on Friday, March 4, 2016.

Apple Inc. (NASDAQ: AAPL) was reiterated as Buy with a $130 price objective at Bank of America Merrill Lynch. The firm noted that Apple devices will play a significant role in personal health care by building the various pieces of the ecosystem with Apple Watch and iPhone accessories as sensory input devices and Health App, alongside HealthKit, ResearchKit and iPadPro.

Broadcom Ltd. (NASDAQ: AVGO), the surviving name of the Broadcom-Avago merger, was reiterated as Outperform and the price target was raised to $180 from $160 (versus a $137.33 prior close) at Credit Suisse. Merrill Lynch already had a Buy rating but it raised the price objective to $200 from $180. Broadcom’s consensus analyst target price was $170, and this call was after an earnings beat. Shares were last indicated up over 7% at $148.00 or so.