Investing

Top Analyst Upgrades and Downgrades: DuPont, GE, King, Microsoft, Xilinx, McDonald's and More

Jon C. Ogg

Stocks were indicated slightly higher Wednesday morning, after earnings and on hopes that geopolitical risks would abate. Investors still want upside, and they are looking for stocks and sectors where they feel safe. 24/7 Wall St. reviews dozens of analyst reports each morning to find new investment and trading ideas. Some of these analyst reports cover stocks to buy, while some research reports feature stocks to sell or to avoid.

These are this Wednesday’s top analyst upgrades, downgrades and initiations from Wall Street firms.

E.I. du Pont de Nemours & Co. (NYSE: DD), better known as DuPont, was downgraded to Neutral from Overweight and its target price was cut to $67 from $74 (versus a $64.95 close) at J.P. Morgan.

General Electric Co. (NYSE: GE) was reiterated as Buy with a $31 price target at Argus after a weak earnings reaction. The analyst team even said that the relative price weakness offers buying opportunity.

Intuitive Surgical Inc. (NASDAQ: ISRG) was raised to Buy from Hold at Stifel with a whopping $600 price target (versus a $392.16 close). The robotic surgical device player was also raised to Outperform from Market Perform at Raymond James, with a $500 price target there.

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Juniper Networks Inc. (NYSE: JNPR) beat earnings but lowered guidance. The networking company was downgraded to Neutral from Buy at Bank of America Merrill Lynch, and the price target was cut to $28 from $34 (versus a $24.82 close and $23.50 in early indications).