Investing
6 Major Analyst Upgrades and Initiations That Dominated Last Week
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Friday’s tiny drop in the stock market might have ended the week on a slightly sour note, but the weekly gains were 1.8% for the Dow Jones Industrial Average and 1.6% for the S&P 500 Index. After the first six weeks of 2016 saw investors selling every rally, those same investors have unilaterally reverted back to the trend of the prior four years: buying every market dip.
24/7 Wall St. reviews dozens of analyst upgrades and downgrades each day of the week. This becomes hundreds of analyst calls each week. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.
In an effort to find value for investors, 24/7 Wall St. noted several analyst calls seen last week in well-known stocks that stood out above and beyond the rest of the pack.
Most Dow and S&P stocks are given implied upside of 8% to 15% when analysts upgrade or initiate coverage with Buy, Outperform and Overweight ratings. Then there are other calls that can be much more aggressive.
Several analyst calls stuck out that either saved the week for stocks or that totally made the week for some stocks.
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