Top Analyst Upgrades and Downgrades: American Express, CIT, Discover, FedEx, UnitedHealth and More
Stocks were getting slapped hard on Thursday morning on weak China trade data and on Portugal banking fears. Still, investors are still looking for upside in stocks while maintaining the bull market bias, even if a correction is needed and overdue. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new ideas for our readers. Some of the analyst reports cover stocks to buy, and some cover stocks to sell or to avoid.
These are this Thursday’s top analyst upgrades, downgrades and initiations from Wall Street firms.
Alcoa Inc. (NYSE: AA) was raised to Overweight from Equal Weight at Morgan Stanley. This is after the aluminum giant beat earnings and was given several new positive calls on Wednesday.
American Express Co. (NYSE: AXP) was started with an Underperform rating and given a $92 price target (versus a $94.74 close) by Macquarie.
Boulder Brands Inc. (NASDAQ: BDBD) was reiterated as Buy with a $17 price target (versus a $13.10 close) at Canaccord Genuity.
Cincinnati Bell Inc. (NYSE: CBB) was downgraded to Underperform from Neutral and given a $3.50 price target (versus a $3.99 close) at Bank of America Merrill Lynch.