Investing

Top Analyst Downgrades and Stocks to Sell: ADP, Broadcom, Ligand, Mosaic and More

It is Friday and the markets have another monthly employment report to absorb, but Wall Street analysts also have many research calls that have been made. 24/7 Wall St. reviews many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks, and we have broken out the negative analyst calls today. These are this Friday’s top analyst downgrades and cautious research notes from Wall Street.

ABB Ltd. (NYSE: ABB) was downgraded to Neutral from Buy at Goldman Sachs.

Automatic Data Processing Inc. (NASDAQ: ADP) was downgraded to Neutral from Positive at Susquehanna.

Broadcom Corp. (NASDAQ: BRCM) was downgraded to Neutral from Buy at UBS.

Edison International (NYSE: EIX) was downgraded to Neutral from Outperform at Credit Suisse based on peer valuations.

GameStop Corp. (NYSE: GME) was downgraded to Neutral from Outperform at Credit Suisse on the notion that the near-term catalysts have played out and are priced in.

Ligand Pharmaceuticals Inc. (NASDAQ: LGND) was downgraded to Sell from an already-cautious Hold rating by Cantor Fitzgerald, and its new price target is $12 lower than the current price at $37.

Marathon Petroleum Corp. (NYSE: MPC) was downgraded to Neutral from Outperform at Macquarie.

Mosaic Co. (NYSE: MOS) was downgraded to Neutral from Buy after recent Uralkali potash implosion news at UBS.

Teradyne Inc. (NYSE: TER) was removed from the U.S. Focus List at Credit Suisse.

ValueClick Inc. (NASDAQ: VCLK) was downgraded to Hold from Buy at Needham and downgraded to Underperform at Raymond James.

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