We have a massive representation of analyst calls for Wednesday morning, and these were the top analyst upgrades, downgrades and initiations from Wall Street analysts.
Groupon Inc. (NASDAQ: GRPN) posted earnings that just didn’t please anyone outside of short sellers. Wunderlich has downgraded the daily deals site to Hold from Buy, and it cut the target price to $6 from $10. Sterne Agee maintained its Buy rating but lowered estimates and said it remains a “prove me” story.
Micron Technology Inc. (NASDAQ: MU) was reiterated as Buy at Bank of America Merrill Lynch with a $43 price target after the DRAM maker hosted its analyst day in Hong Kong. Sterne Agee also maintained its Buy rating and $40 price target. Credit Suisse maintained its Outperform rating and its $50 price target.
RingCentral Inc. (NYSE: RNG) rose handily on Tuesday after portfolio manager Dan Niles touted it as a telecom disruption company. Now Oppenheimer has started coverage with an Outperform rating and given it a $20 price target (versus a $14.66 close).
Target Corp. (NYSE: TGT) was downgraded to Neutral from Buy and its price target was cut to $59 from $65 (versus a $58.03 close) at Goldman Sachs.
Tesla Motors Inc. (NASDAQ: TSLA) was started as Outperform and given a $316 price target (versus a $238.49 close) at Pacific Crest.
ALSO READ: Jefferies Picks Top Franchise Stocks to Buy
BB&T Corp. (NYSE: BBT) was raised to Outperform with a $41 to $43 price range at Wells Fargo.
Bloomin’ Brands Inc. (NASDAQ: BLMN) lost almost one-quarter of its value on Tuesday after earnings. Jefferies downgraded its rating to Hold from Buy and the price target was cut to $18 from $26.
Carnival Corp. (NYSE: CCL) was raised to Equal Weight from Underweight at Morgan Stanley.
Cerner Corp. (NASDAQ: CERN) was raised to Outperform from Market Perform at Wells Fargo, and the price target range was lifted to $65 to $70 from $55 to $60.
Chuy’s Holdings Inc. (NASDAQ: CHUY) was raised to Buy from Hold with a $33 price target (versus a $26.01 close) at Jefferies.
Cimarex Energy Co. (NYSE: XEC) was raised to Buy from Neutral with a $181 price target at Merrill Lynch.
Enphase Energy Inc. (NASDAQ: ENPH) was reiterated as Buy and the price target was raised to $12 from $11 at Canaccord Genuity after it beat earnings. This was in our top seven small-cap alternative energy stocks with massive upside.
ALSO READ: 13 Analyst Stock Picks Under $10 With Massive Upside
Enzymotec Ltd. (NASDAQ: ENZY) fell by almost 40% on Tuesday after reporting that revenue decreased almost 40% to $9.0 million. Wells Fargo cut its rating to Market Perform from Outperform and set its target down at $9 to $10 from $26 to $28. Canaccord Genuity maintained a Buy rating, but the firm cut the target down to $12 from $25.
Expeditors International of Washington Inc. (NASDAQ: EXPD) was downgraded to Neutral from Outperform and the price target was cut to $43 from $45 at Credit Suisse.
Itron Inc. (NASDAQ: ITRI) was raised to Hold from Sell at Brean Capital. Canaccord Genuity maintained a Hold rating, but raised the target to $41 from $38.
Monster Worldwide Inc. (NYSE: MWW) lost over 15% on Tuesday after earnings. It was downgraded to Neutral from Outperform with a $6 price target (versus a $5.59 close) at Baird.
Pattern Energy Group Inc. (NASDAQ: PEGI) was downgraded to Neutral from Buy and the price target was cut to $33 from $36 at Merrill Lynch.
PepsiCo Inc. (NYSE: PEP) was started as Reduce at Nomura.
Pfizer Inc. (NYSE: PFE) was reiterated as Buy and with a $35 price target at Argus.
Rocket Fuel Inc. (NASDAQ: FUEL) was indicated down 25% at a post-IPO low after revenue was talked down with slowing core sales growth. A firm named First Analysis cut its rating to Equal Weight from Overweight, and other firms likely cut their ratings too.
Royal Caribbean Cruises Ltd. (NYSE: RCL) was raised to Overweight from Equal Weight at Morgan Stanley.
ServiceMaster Global Holdings Inc. (NYSE: SERV) was started as Market Perform at RBC Capital Markets. We saw three positive analyst ratings on Tuesday with big upside. J.P. Morgan started it as Overweight and with a $23 price target. Morgan Stanley started it as Overweight with a $24 price target. Merrill Lynch started it as Buy with a $22 price target. Also Credit Suisse started it as Outperform with a $24 price target.
Southern Copper Corp. (NYSE: SCCO) was downgraded to Market Perform from Outperform at FBR Capital Markets.
Tenet Healthcare Corp. (NYSE: THC) was raised to Outperform from Market Perform with a $65 price target (versus a $54.83 close) at Raymond James.
Time Warner Inc. (NYSE: TWX) was downgraded to Sell from Hold with a $69 price target at Topeka Capital Markets.
Top Gaining Stocks
Top Losing Stocks
