Investing

Top Analyst Upgrades and Downgrades: Amazon, Celgene, Cisco, FedEx, Starbucks and More

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.

ALSO READ: 12 Analyst Stocks Trading Under $10 With Huge Implied Upside

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.

ALSO READ: Seven Alternative Energy Stocks With Massive Upside Potential

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.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.