Top 10 Analyst Upgrades and Downgrades: Citrix, eBay, Intel, SanDisk and More

July 18, 2013 by Jon C. Ogg

Investors and traders are usually on the lookout for new research ideas that will generate higher income or more profits. 24/7 Wall St. reviews many analyst research calls from Wall Street and from boutique firms to find great ideas in value stocks, growth stocks and dividend stocks. Some are stocks to buy, while some ideas are even stocks to sell. These are 10 of the top analyst upgrades, downgrades and initiations seen from select Wall Street research calls this Thursday.

ASML Holding N.V. (NASDAQ: ASML) cut to Neutral from Overweight at Piper Jaffray.

Citrix Systems Inc. (NASDAQ: CTXS) was cut to Market Perform from Outperform at Raymond James.

CYS Investments (NYSE: CYS) was cut to Neutral from Outperform at Credit Suisse.

eBay Inc. (NASDAQ: EBAY) was cut to Hold from Buy at Needham and its price target was raised to $67 from $64 at Canaccord Genuity. eBay shares are down more than 6% at $53.75 after its earnings report.

Intel Corp. (NASDAQ: INTC) has seen its earnings and sales estimates cut at Sterne Agee (Neutral) and Credit Suisse (Outperform) after Intel lowered its guidance with an earnings report that was light on revenue. Credit Suisse noted that Intel is making progress leveraging its manufacturing advantage into new markets per the Galaxy Tab win at Samsung and a quadrupling of tablet volume. Shares are down about 3% at $23.42.

Johnson & Johnson Inc. (NYSE: JNJ) was reiterated as Buy and its price target was raised by $8 to $104 at Argus. The company raised its financial guidance for 2013 and now sees better sales growth of 6% to 7%. Argus raised its EPS estimates to $5.55 from $5.50 for 2013 and to $6.00 from $5.95 for 2014.

Northern Trust Corp. (NASDAQ: NTRS) was downgraded to Underweight from Neutral at J.P. Morgan.

Pharmacyclics Inc. (NASDAQ: PCYC) was started as Outperform at Baird.

SanDisk Corp. (NASDAQ: SNDK) was cut to Equal Weight from Overweight at Morgan Stanley, reiterated Buy with $75 price target at BofA/Merrill Lynch and was reiterated Buy and the target raised to $80 from $75 at Needham. SanDisk shares are up more than 5% at $62.50 this morning after yesterday’s earnings.

Under Armour Inc. (NYSE: UA) was started as Outperform at Wedbush.

There is a secular bull market Fibonacci analysis call for the S&P 500 to 2,584, implying over 50% upside in the SPDR S&P 500 (NYSEMKT: SPY).

Deutsche Bank has a list of oil and gas stocks expected to rise by 15% to 40%.

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