Top Analyst Upgrades and Stocks to Buy: Baidu, Citi, GM, NYSE and More
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Tuesday, July 16, 2013. They include Baidu, Citigroup, GM, Ford and Yum! Brands.
Investors and traders seem to be constantly looking for fresh 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 Tuesday’s top analyst upgrades, initiations and positive analyst research calls seen from Wall Street.
Baidu Inc. (NASDAQ: BIDU) was raised to Neutral from Sell at Citigroup after the Google China executive resignation.
Citigroup Inc. (NYSE: C) was reiterated as Buy, but its estimates were raised and its price target was raised to $61 at Sterne Agee.
Domino’s Pizza (NYSE: DPZ) was started as Buy at Stifel.
Ford Motor Co. (NYSE: F) was reiterated as Buy, but the price target was raised to $21 from $19 at Argus.
Gap Inc. (NYSE: GPS) was reiterated as Buy, but the price target was raised to $54 from $49 at Argus.
General Motors Corp. (NYSE: GM) was maintained as Buy but added to the prized Conviction Buy List at Goldman Sachs.
Kinder Morgan Energy Partners (NYSE: KMP) was raised to Outperform from Neutral at Credit Suisse.
NYSE Euronext Inc. (NYSE: NYX) was raised to Outperform at Keefe Bruyette & Woods.
Yum! Brands Inc. (NYSE: YUM) was started as Buy at Stifel.
Credit Suisse previewed Apple Inc. (NASDAQ: AAPL) ahead of earnings with a maintained Outperform rating and a $525 price target. The firm summarized earnings as follows:
Near-term results are unlikely to illustrate any major turnaround and a transitional quarter to new iPhones provides downside risk to the September quarter. However, while the iPhone 5 product cycle was weaker than expected, Apple has a number of product launches in the second half of 2013 which we believe could return the company to growth over the next 12 months.
Wunderlich has issued a list of Permian Basin oil and gas stocks to buy with big upside.
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
