Stocks hit a new high on Tuesday and are firm in early indications on Wednesday. Investors keep hearing that it is a stock picker’s market rather than a raging bull market. 24/7 Wall St. reviews dozens of analyst research reports for new ideas each day of the week. Some of these reports cover stocks to buy, and others cover stocks to sell or to avoid. These are this Wednesday’s top Wall Street analyst upgrades, downgrades and initiations.
Delek US Holdings Inc. (NYSE: DK) was started as Buy at Bank of America Merrill Lynch.
Dollar General Corp. (NYSE: DG) was downgraded to Hold from Buy at Deutsche Bank.
DreamWorks Animation SKG Inc. (NASDAQ: DWA) was raised to Hold from Sell at Topeka.
FormFactor Inc. (NASDAQ: FORM) was raised to Buy from Neutral at B. Riley.
Live Nation Entertainment Inc. (NYSE: LYV) was downgraded to Neutral from Buy at Sterne Agee.
Lowe’s Companies Inc. (NYSE: LOW) was downgraded to Sell from Hold and the price target was cut to $37 from $47 at Canaccord Genuity.
Nautilus Inc. (NYSE: NLS) was downgraded to Neutral from Buy B. Riley.
Twitter Inc. (NYSE: TWTR) was raised to Buy from Neutral at Nomura, and the price target was set at $43.
Veeva Systems Inc. (NYSE: VEEV) was started as Overweight by J.P. Morgan.
Williams-Sonoma Inc. (NYSE: WSM) was raised to Overweight from Neutral at Piper Jaffray.
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