Top Analyst Upgrades and Downgrades: Crocs, GE, Nokia and More
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Monday, July 22, 2013. They include Crocs, General Electric, Juniper Networks and Nokia.
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 some of the top analyst upgrades, downgrade, and initiations seen from select Wall Street analyst research calls this Monday.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) was raised to Buy from Neutral with a $90 price target at Goldman Sachs.
Crocs Inc. (NASDAQ: CROX) was cut to Neutral from Outperform at Wedbush.
General Electric Co. (NYSE: GE) was reiterated as Buy and the price target was raised to $28 from $25 as the stock was called very undervalued at Argus.
Juniper Networks Inc. (NYSE: JNPR) was cut to Hold from Neutral at RW Baird.
Nokia Corp. (NYSE: NOK) was cut to Underperform from Perform at Oppenheimer.
Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) was cut to Hold from Buy at Deutsche Bank.
Sonoco Products Co. (NYSE: SON) was raised to Buy from Neutral at BofA/Merrill Lynch.
VF Corp. (NYSE: VFC) was cut to Neutral from Outperform, but the price target was raised to $208 from $188 at Credit Suisse.
UBS has issued a report calling the sell-off in refining stocks due to higher oil prices an attractive entry point for what has been a battered sector.
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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.