Stocks were indicated lower on Friday after the Dow tried to make a run at another new high and failed. Investors remain wary, and many stocks have been battered, while others keep rising. 24/7 Wall St. reviews dozens of analyst research reports each morning for new ideas. These are this Friday’s top Wall Street analyst upgrades, downgrades and initiations.
Apple Inc. (NASDAQ: AAPL) was downgraded to Buy from Strong Buy at ISI Group, but what is interesting is that the price target was raised to $675 from $600 in the call.
Avago Technologies Ltd. (NASDAQ: AVGO) was started as Overweight by Barclays.
AmeriGas Partners L.P. (NYSE: APU) was raised to Neutral from Underperform at Credit Suisse.
Dish Network Corp. (NASDAQ: DISH) was raised to Market Perform from Underperform by Raymond James.
General Electric Co. (NYSE: GE) was reiterated as Buy with a $31 price target at Argus, as the firm said that GE had solid earnings results but the Alstom purchase is uncertain.
Liquidity Services Inc. (NASDAQ: LQDT) was downgraded to Sector Perform from Outperform at RBC Capital Markets, and the price target was halved to $15 from $30.
Molycorp Inc. (NYSE: MCP) was downgraded to Underweight from Neutral at J.P. Morgan. Things are bad enough here that we also have asked if Molycorp can be saved.
ON Semiconductor Corp. (NASDAQ: ONNN) was downgraded to Sell from Neutral at Citigroup.
Occidental Petroleum Corp. (NYSE: OXY) was raised to Buy from Neutral at Citigroup.
Paylocity Holding Corp. (NASDAQ: PCTY) was raised to Buy from Neutral at Bank of America Merrill Lynch.
Rocket Fuel Inc. (NASDAQ: FUEL) was downgraded to Neutral from Buy at Goldman Sachs, and it was downgraded to Market Perform from Outperform at BMO Capital Markets.
Teradata Corp. (NYSE: TDC) was downgraded to Hold from Buy at Stifel.
Twitter Inc. (NYSE: TWTR) was raised to Neutral from Underperform at Merrill Lynch, just a day after Morgan Stanley made the same type of upgrade. Apparently they were worried that Twitter could bust under its IPO price too.