Top Analyst Upgrades and Stocks to Buy: Chesapeake, Citigroup, Monster and More
May 22, 2013 by Jon C. OggInvestors and traders are always looking for new research ideas that will lead to higher income or more profits. 24/7 Wall St. reviews many fresh research calls each morning to find great ideas from value stocks to growth stocks to dividend stocks. We are breaking out the positive analyst calls as far as stocks to buy and positive research calls today. These are some of this Wednesday’s top analyst upgrades, initiations and positive analyst research calls seen from Wall Street today.
ARM Holdings PLC (NASDAQ: ARMH) was reiterated Buy and the ADR price target was raised to $56 at Canaccord Genuity.
Bristol-Myers Squibb Co. (NYSE: BMY) was raised to Buy from Neutral at Citigroup.
Chesapeake Energy Corp. (NYSE: CHK) was raised to Positive at Susquehanna.
Citigroup Inc. (NYSE: C) was reiterated Outperform but the target price was raised to $60 from $53 based on earnings diversification and Latin American growth prospects.
Cree Inc. (NASDAQ: CREE) was raised to Buy with $72 price target from Neutral and $59 target at Stern Agee.
Galena Biopharma Inc. (NASDAQ: GALE) was started as Outperform at JMP Securities.
Home Depot Inc. (NYSE: HD) was reiterated as Buy at Argus but the target price was raised to $90 from $85 based on higher earnings estimates for 2013 and 2014.
International Flavors & Fragrances Inc. (NYSE: IFF) was reiterated Buy at Argus but the target price was to $93 from $87 based on higher earnings expectations.
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Medtronic Inc. (NYSE: MDT) was raised to Buy from Hold late on Tuesday by S&P Capital IQ.
Monster Beverage Corp. (NASDAQ: MNST) was started as Outperform at BMO Capital Markets.
PepsiCo Inc. (NYSE: PEP) was started as Outperform at BMO Capital Markets.
Popular Inc. (NASDAQ: BPOP) was started as Outperform at Wells Fargo.
Terex Corp. (NYSE: TEX) was raised to Overweight from Equal Weight at Barclays.
Read also: Top Chip CapEx and Materials Stocks to Buy Now from UBS
UBS gave a list of 10 wireless trends for investors to bank on 2013.
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