Top Analyst Upgrades and Downgrades: Enbridge, NOV, Freescale, Twitter, Verizon, Windstream and More
Stocks surged higher on Wednesday morning despite new sanctions in Russia. A strong ADP payrolls report was tempered by the notion that it won’t make the FOMC more aggressive on ending stimulus. Investors are now looking for upside from individual companies or sectors rather than from the broad market. After all, the bull market is now nearing five and a half years old. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investment and trading ideas for our readers. Some analyst reports cover stocks to buy, while some of them feature stocks to sell or to avoid.
These are this Wednesday’s top analyst upgrades, downgrades and initiations from Wall Street firms.
Aerohive Networks Inc. (NYSE: HIVE) was started as Outperform with a $12 price target (versus a $8.01 close) at Pacific Crest.
American Capital Agency Corp. (NASDAQ: AGNC) was downgraded to Neutral from Buy at UBS.
Applied Micro Circuits Corp. (NASDAQ: AMCC) was maintained as Buy at Canaccord Genuity, but the price target was cut to $12 from $16. The firm said that its first server sales were ahead of expectations, but it expects a more gradual X-Gene ramp-up and softer legacy sales.
Cablevision Systems Corp. (NYSE: CVC) was downgraded to Sell from Neutral at Citigroup.