Stocks were up on Thursday on the heels of European Central Bank actions. Investors remain optimistic with the U.S. markets close to all-time highs, and they are looking for value and individual overlooked stocks. 24/7 Wall St. reviews dozens of research reports each morning, on the hunt for new trading and investing ideas for our readers. Some of these analyst research reports cover stocks to buy, while others cover stocks to sell or stocks to avoid.
These are this Thursday’s top analyst upgrades and downgrades covered by 24/7 Wall St.
Analog Devices Inc. (NASDAQ: ADI) was reiterated as Buy with a $65 price target (versus a $50.25 close and a $57.08 consensus price target) at Argus, based on the weakness after the company’s first quarterly earnings report with Hittite attached, now that it was acquired.
Google Inc. (NASDAQ: GOOGL) was reiterated as Outperform with a $745 price target (versus a $589.52 close) at Credit Suisse, with the firm signaling that it sees upside to its earnings estimates based on Google Play.
GoPro Inc. (NASDAQ: GPRO) was downgraded to Neutral from Overweight by J.P. Morgan. Keep in mind that its stock has now doubled from its post-IPO low. GoPro shares were down by 5% at $56.86 in early bird trading indications.
Infinity Pharmaceuticals Inc. (NASDAQ: INFI) was a stock we just gave a 360-degree review after it jumped 50% on Wednesday. Now we have the stock being raised to Market Outperform with a high $24 price target at JMP Securities.
3D Systems Corp. (NYSE: DDD) was downgraded to Sector Perform from Outperform at Pacific Crest, based on the concern that the 3D printing leader is stretching itself too thin in too many areas. Canaccord said a recent deal is expanding its metal printing footprint.
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