Top Analyst Upgrades and Stocks to Buy: Adobe, Gevo, Keryx, Teva and More
Investors and traders are often on the hunt for fresh research ideas that will lead to higher income or more profits in this choppy stock and volatile market. 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 have broken out the positive analyst calls as far as stocks to buy and positive research calls and these are some of this Wednesday’s top analyst upgrades, initiations and positive analyst research calls today.
Adobe Systems Inc. (NASDAQ: ADBE) was upgraded to Buy from Neutral at BofA/Merrill Lynch; FBR Capital Markets raised its price target to $35 from $30 after earnings; shares are up about 6% so far.
CEMEX SAB de C.V. (NYSE: CX) was upgraded to Overweight from Equal Weight by Barclays.
Gevo Inc. (NASDAQ: GEVO) was upgraded to Outperform from Market Perform at Raymond James even after Tuesday’s 19% gain; shares are up 6% so far in early indications.
ING Groep N.V. (NYSE: ING) was started as Buy at UBS.
Keryx Biopharmaceuticals Inc. (NASDAQ: KERX) was started as Overweight with a high $13 price target at J.P. Morgan.
Neurocrine Biosciences Inc. (NASDAQ: NBIX) initiated with an Outperform with a $16 price target at Oppenheimer.
Sonic Corp. (NASDAQ: SONC) was upgraded to Equal Weight from Underweight at Morgan Stanley.
Superior Energy Services Inc. (NYSE: SPN) was started as Outperform with a $34 price target at Cowen & Co.
Tanger Factory Outlet Centers Inc. (NYSE: SKT) was upgraded to Neutral from Sell at Goldman Sachs.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was started as Buy with a $56 price target at Maxim Group.
United Natural Foods Inc. (NASDAQ: UNFI) was upgraded to Overweight from Neutral with a higher $64 price target at Piper Jaffray.
Coca-Cola Co. (NYSE: KO) was started as Outperform at Credit Suisse, although the firm only initiated coverage as Neutral for both Dr Pepper Snapple Group Inc. (NYSE: DPS) and PepsiCo Inc. (NYSE: PEP).
Here are the top analyst downgrades of the day.