Investing

Top Analyst Downgrades and Stocks to Sell: Rackspace, Tesla, Tumi and More

Investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms but they often do not get to see when analyst downgrade stocks to even say it is time to sell stocks. 24/7 Wall St. reviews many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks and we have broken out the negative analyst calls today. These are this Thursday’s top analyst downgrades and cautious research notes from Wall Street.

BlackRock Inc. (NYSE: BLK) was cut to Neutral from Buy at Citigroup.

Clean Energy Fuels Corp. (NASDAQ: CLNE) was cut to Underperform from Market Perform at Raymond James.

Guess? Inc. (NYSE: GES) was cut to Neutral from Outperform at Wedbush Morgan.

LivePerson Inc. (NASDAQ: LPSN) was cut to Underperform from an already cautious Neutral rating at Credit Suisse.

Rackspace Hosting Inc. (NYSE: RAX) did see one upgrade based on valuation, but after missing its earnings estimates we see the shares down big (20% or so) and several analyst downgrades. Evercore, RBC, FBN and CLSA all downgraded the Rackers. Canaccord Genuity even took its target all the way down to $40

Tesla Motors Inc. (NASDAQ: TSLA) was cut to Neutral from Buy at Goldman Sachs after a very positive pop in the stock from a consumer report. Shares are up 22% at over $68 for a record share price.

Tim Hortons Inc. (NYSE: THI) was cut to Equal Weight from Overweight at Barclays, although this was raised to Outperform at CIBC.

Transmontaigne Partners L.P. (NYSE: TLP) was cut to Neutral from Buy at Bank of America/Merrill Lynch.

Tumi Holdings Inc. (NYSE: TUMI) was cut to Neutral from Buy at Citigroup.

One standout will come from the top analyst picks for May of stocks expected to rise by 40% to 100%.

See also: Top Analyst Upgrades and Positive Calls This Thursday

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