Top Analyst Upgrades and Downgrades: AIG, Intel, eBay, EOG, PetSmart, Time Warner and Many More
Stocks were taking a breather on Thursday after hitting new highs earlier in the week. Many investors still want upside, but they have decided to look for value and unique stock picks with catalysts rather than just relying on a tired and frothy bull market. 24/7 Wall St. reviews dozens of brokerage analyst reports each morning to find new research-driven ideas for our readers. Some of the 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.
Aflac Inc. (NYSE: AFL) was raised to Outperform from Market Perform at Raymond James
American International Group Inc. (NYSE: AIG) was started Outperform at RBC Capital
Antero Resources Corp. (NYSE: AR) was started as Buy with a $75 price target (versus a $60.40 close) at Canaccord Genuity.
Container Store Group Inc. (NYSE: TCS) was started as Hold at BB&T, despite the recent weakness seen in the shares after the company warned on earnings.
Diamondback Energy Inc. (NASDAQ: FANG) was reinstated as Outperform at Credit Suisse.
eBay Inc. (NASDAQ: EBAY) was maintained as Buy after earnings, but the price target was cut to $62 from $65 due to mixed results on low expectations, at Bank of America Merrill Lynch. Canaccord Genuity cut its target to $57 from $60.