Top Analyst Upgrades and Downgrades: Boeing, Facebook, Markit, Qualcomm, Verizon, Unisys and More

Stocks were again indicated slightly higher Thursday morning. Earnings season is well underway, and we are seeing many big winners — and many big losers. 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 others feature stocks to sell or to avoid.

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

Angie’s List Inc. (NASDAQ: ANGI) blew it on earnings and the stock is sliding south. We have seen downgrades from Oppenheimer, Janney, MKM Partners and RBC. Other firms, such as Canaccord Genuity and a host of others, have slashed their earnings estimates. Again, we just wonder why a company like Angie’s List ever needed to be public. The stock was down more than 21% at $8.00 on Thursday’s early trading.

Boeing Co. (NYSE: BA) was downgraded to Neutral from Buy at Bank of America Merrill Lynch, and the price target was cut to $140 from $154. Sterne Agee maintained its Buy rating and its very high $164 price target.

CECO Environmental Corp. (NASDAQ: CECE) was started as Buy with a $20 price target (versus a $14.51 close) at Canaccord Genuity.

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Facebook Inc. (NASDAQ: FB) is surging after another solid earnings report confirmed that the social media giant is still growing and that it is capitalizing on mobile. Jefferies has now set a whopping $100 price target. RBC raised its target to $92, and Piper Jaffray raised its target to $90. Sterne Agee reiterated its Buy rating, with an $85 price target. Canaccord Genuity raised its target price to $84 from $75.