It is Thursday and the FOMC meeting has come and gone. With stocks again challenged new all-time highs, investors and traders keep being told that the bull market has morphed into a stock picker’s market. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week, hunting for new ideas for our readers. Some of these Wall Street research reports cover stocks to buy, while some cover stocks to sell or to avoid.
These are this Thursday’s top Wall Street analyst upgrades, downgrades and initiations.
Amazon.com Inc. (NASDAQ: AMZN) was reiterated as Outperform and the price target is $439 at Credit Suisse. The firm talked up the new phone as driving Amazon Prime adoption and incremental transactions.
AngioDynamics Inc. (NASDAQ: ANGO) was raised to Buy from Hold and the price target was raised to $20 from $16.26 at Canaccord Genuity, based on the notion that its cash is flowing and business is improving.
Atlantic Power Corp. (NYSE: AT) was raised to Sector Perform from Underperform at RBC Capital Markets.
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Celgene Corp. (NASDAQ: CELG) was reiterated as Outperform and the price target was raised to $225 from $210 at Credit Suisse. The analyst report says that while its patent challenge has been the main focus of investors, Celgene’s pipeline is not being priced into the multiple and represents asymmetric risk on the upside. The firm sees 40% potential upside in six months.
Cisco Systems Inc. (NASDAQ: CSCO) was started with a Neutral rating in a larger sector call at a boutique named Buckingham Research. In another note, Argus maintained its Buy rating and $30 target and opined that the latest acquisition strengthens its cloud virtualization portfolio.
ConAgra Foods Inc. (NYSE: CAG) was downgraded from Buy all the way to Underperform with a price objective of $30.00 (versus a $30.47 close) at Bank of America Merrill Lynch. The call follows lower guidance from the day before.
FedEx Corp. (NYSE: FDX) was raised to Sector Perform from Underperform at RBC Capital Markets. Oppenheimer raised its price target to $161 from $157.
Juniper Networks Inc. (NYSE: JNPR) was downgraded to Neutral from Buy at Mizuho Securities.
Monster Beverage Corp. (NASDAQ: MNST) was started with an Outperform and given a price target range of $79 to $81 (versus a $71.38 close) at Wells Fargo.
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Nvidia Corp. (NASDAQ: NVDA) was downgraded to Underperform from an already cautious Neutral rating at Merrill Lynch, but the $19 price target was unchanged.
Portugal Telecom SGPS S.A. (NYSE: PT) was downgraded to Underweight from Neutral in an overseas call by HSBC.
Ryanair Holdings PLC (NASDAQ: RYAAY) was raised to Buy from Neutral at UBS.
SemGroup Corp. (NYSE: SEMG) was started with a Buy rating and $92 price target (versus a $72.35 close) at Goldman Sachs.
Spirit AeroSystems Holdings Inc. (NYSE: SPR) was raised to Buy from Neutral with a $43 price target (versus a $33.90 close) at Sterne Agee.
Starbucks Corp. (NASDAQ: SBUX) was raised to Buy from Neutral at UBS.
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Vodafone Group PLC (NASDAQ: VOD) was downgraded to Neutral from Buy at Merrill Lynch.
In case you missed Wednesday’s top analyst upgrades and downgrades, they included Cisco, Diamond Foods, F5 Networks, GNC, Garmin, SunPower, Tyson Fooods and many others. Tuesday’s analyst upgrades and downgrades included DSW, Expedia, Netflix, Orbitz, SanDisk, Southwest Air, USG and Williams Companies. Monday’s top analyst upgrades and downgrades included AMD, AK Steel, Amercan Express, Dish Network, Digital Realty, Exelon, GNC, Medtronic, Micron Technology, Williams Companies and more.
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