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Top Analyst Upgrades and Downgrades: Equinix, HCA, Johnson & Johnson, Performance Sports, Tesla, Yandex and More
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Stocks were looking for direction Monday morning, having listed marginally lower. This is after a four-week rally after weeks of selling. The Dow Jones Industrial Average is almost back to flat in 2016. Investors now are wondering if they need to buy every dip like they did for four years. After all, the role of selling into every rally in the first six weeks of 2016 has not been present for close to a month.
24/7 Wall St. reviews dozens of analyst upgrades, downgrades and initiations from the top brokerage firms each day. Some analyst ratings are on stocks to buy and others cover stocks to sell or avoid. The goal is to find new ideas or hidden value for our readers.
These are this Monday’s top analyst upgrades, downgrades and initiations seen from major research calls.
Equinix Inc. (NASDAQ: EQIX) was downgraded to Perform from Outperform at Oppenheimer, based mostly on relative valuation. Equinix closed most recently at $318.00, with a consensus analyst target price of $325.59 and a 52-week trading range of $225.02 to $319.36.
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