Top Analyst Upgrades and Downgrades: AEP, BlackBerry, GE, 3D, Nokia and More
Jon OggStocks finally pulled back a bit from a three-week rally, and now investors have to wonder which stocks they should buy and which ones they should sell or avoid. Each morning 24/7 Wall St. reviews dozens of Wall Street…
Stocks finally pulled back a bit from a three-week rally, and now investors have to wonder which stocks they should buy and which ones they should sell or avoid. Each morning 24/7 Wall St. reviews dozens of Wall Street analyst research reports. Some of these reports turn out to be stocks to buy and other reports turn out to be stocks to sell. These are this Monday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.
American Electric Power Corp. (NYSE: AEP) was raised to Outperform from Market Perform at Wells Fargo.
BlackBerry Ltd. (NASDAQ: BBRY) was downgraded to Underperform from Sector Perform at RBC Capital Markets and downgraded to Hold from Buy at Jefferies. We also had two upgrades: R.W. Baird and Credit Suisse both raised it to Neutral from Underperform.
FedEx Corp. (NYSE: FDX) was downgraded to Hold from Buy at Stifel Nicolaus.
General Electric Co. (NYSE: GE) was listed as “not too big to grow” and as having 30% upside over the next two years as a feature Barron’s story this weekend.
Maxim Integrated Products Inc. (NASDAQ: MXIM) was raised to the prized Conviction Buy list from Neutral with a $34 price target at Goldman Sachs.
Nokia Corp. (NYSE: NOK) was raised to Neutral from Underweight at HSBC.
Open Text Corp. (NASDAQ: OTEX) was raised to Neutral from Underperform at Credit Suisse.
Peregrine Semiconductor Corp. (NASDAQ: PSMI) was downgraded to Hold from Buy at Canaccord Genuity.
Rockwell Collins Inc. (NYSE: COL) was downgraded to Neutral from Outperform by Credit Suisse.
Stratasys Ltd. (NASDAQ: SSYS) was started as Buy with a $116 price target at BofA/Merrill Lynch.
3D Systems Inc. (NYSE: DDD) was started as Buy with a 465 price target at BofA/Merrill Lynch.
Contact [email protected] for any questions or corrections.
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.