Stocks have bounced after a week of selling off, with Crimea easing and with short covering. Investors still remain wary — they want upside, but want to avoid losses in the next correction. Each morning, 24/7 Wall St. reviews many analyst research reports on a hunt for new ideas for our readers. Some of these analyst reports cover stocks to buy and some cover stocks to sell. These are this Wednesday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.
Compugen Ltd. (NASDAQ: CGEN) was started as Buy with a $17 price target (versus a $11.45 close) at Jefferies. What is interesting about this call is that Jefferies was also the sole book-runner for Compugen’s 6.9 million share secondary offering conducted at a deep discount almost one month ago.
Enterprise Products Partners L.P. (NYSE: EPD) was raised to Outperform from Neutral and given a $78 price target (versus a $68.80 close) at Credit Suisse. The firm believes that Enterprise will be able to grow its distribution rate faster than most master limited partnership (MLP) peers.
Juniper Networks Inc. (NYSE: JNPR) was raised to Outperform from Market Perform and the price range target was raised to $30 to $32 from a prior $28 to $30 at Wells Fargo Securities.
Suncor Energy Inc. (NYSE: SU) was started as Equal Weight at Morgan Stanley and started as Outperform at CIBC World Markets.
Yingli Green Energy Holding Co. (NYSE: YGE) was downgraded to Neutral from Buy at Bank of America Merrill Lynch. Credit Suisse maintained an Underperform rating.
Other Key Analyst Calls
AT&T Inc. (NYSE: T) was reiterated as Outperform and with a $37 price target (versus a $32.98 close) at Credit Suisse after meeting with the telecom giant’s CFO.
Gannett Co. (NYSE: GCI) was raised to Equal Weight from Underweight at Barclays.
HSBC Holdings PLC (NYSE: HSBC) was downgraded to Underperform from Outperform at Credit Suisse.
ITT Corp. (NYSE: ITT) was started as Buy at SunTrust Robinson Humphreys.
Oracle Corp. (NYSE: ORCL) traded down about 3% after earnings. Canaccord Genuity called it a respectable but unexceptional quarter against what should have been fair comparisons. Credit Suisse maintained its Outperform rating and $40 target, while lowering earnings estimates.
Orbitz Worldwide Inc. (NYSE: OWW) was downgraded to Sell from Neutral at Goldman Sachs.
Priceline.com Inc. (NASDAQ: PCLN) was reiterated as Buy and was kept on the Conviction Buy List at Goldman Sachs. That high $1,500 price target was maintained as well.
Talisman Energy Inc. (NYSE: TLM) was started as Underperform at CIBC World Markets.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was raised to Neutral from Sell at Goldman Sachs.
Transocean Ltd. (NYSE: RIG) was raised to Neutral from Sell at Citigroup.
WisdomTree Investments Inc. (NASDAQ: WETF) was downgraded to Sell from Neutral at Citigroup.
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