It is Wednesday and stocks are trying to find direction ahead of the Fed meeting. Investors and traders keep hearing that the market has morphed into a stock picker’s market rather than just a continued raging bull market. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week, hunting for new ideas and potentially hidden gems for our readers. Some of these Wall Street research reports cover stocks to buy, but others cover stocks to sell or to avoid.
These are this Wednesday’s top Wall Street analyst upgrades, downgrades and initiations.
Cisco Systems Inc. (NASDAQ: CSCO) was started with an Overweight rating and a $30 price target (versus a $24.50 close) at Morgan Stanley. Credit Suisse remains a holdout by maintaining its Underperform rating.
C.R. Bard (NYSE: BCR) was downgraded to Equal Weight from Overweight at Barclays.
Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) was downgraded to Hold from Buy at Argus.
Diamond Foods Inc. (NASDAQ: DMND) was raised to Buy from Hold with a $32 price target (versus a $27.58 close) at KeyBanc Capital Markets.