Investing
Top Analyst Upgrades and Downgrades: HP, InterMune, MeetMe, Tesla and More
August 21, 2014 8:40 am
Stocks were firm on Thursday, another indication that stocks are rising on thin trading volume. Investors have still be repositioning themselves and have been nibbling on stocks when they see a good value or story. 24/7 Wall St. reviews dozens of research reports each morning of the week, on the hunt for new investment and trading ideas for our readers. Some of the analyst reports cover stocks to buy, while others cover stocks to sell or to avoid.Source: Jon Ogg
These are this Thursday’s top analyst upgrades and downgrades from 24/7 Wall St.
American Eagle Outfitters Inc. (NYSE: AEO) was raised to Buy from Neutral with a $15 price target at Janney Capital Markets. It was also raised to Buy from Neutral with a $16 price target at SunTrust Robinson Humphrey. Bank of America Merrill Lynch reiterated its Neutral rating but raised its price target to $14 from $12.
Cameco Corp. (NYSE: CCJ) was downgraded to Market Perform from Outperform with a $20 price target at Cowen.
Cheesecake Factory Inc. (NASDAQ: CAKE) was downgraded to Underperform from Buy and the price target was cut to $42 (versus a $44.47 close) at Merrill Lynch.
Dick’s Sporting Goods Inc. (NYSE: DKS) was reiterated with a Buy rating and a $55 price target at Argus, but the firm shows it as a favorable value after earnings with a current $45.04 share price.
Federated Investors Inc. (NYSE: FII) was started as Buy with a $35 price target at Jefferies.
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