These are this Wednesday’s top analyst upgrades and downgrades covered by 24/7 Wall St.
AngloGold Ashanti Ltd. (NYSE: AU) was raised to Buy from Neutral at Citigroup.
Apple Inc. (NASDAQ: AAPL) was downgraded to Sector Perform from Outperform at Pacific Crest, following the firm’s promise to downgrade the stock a week ago if the firm saw nothing game-changing. Mizuho maintained its Buy rating and raised the target to $110 from $105. Baird also raised its target to $110 from $105. Here is what the iPhone 6 was supposed to have, but did not.
eBay Inc. (NASDAQ: EBAY) was downgraded to Neutral from Overweight and the price target was cut to $55 from $63 (versus a $52.73 close) at Piper Jaffray.
GT Advanced Technologies Inc. (NASDAQ: GTAT) fell more than 12% on Tuesday after the iPhone 6 did not have sapphire glass. Now we have downgrades taking out another 8% to 9% to $13.55 in early trading: to Neutral from Buy at Goldman Sachs and to Neutral from Overweight at Piper Jaffray. Canaccord Genuity cut its target to $13 from $16.
READ ALSO: Merrill Lynch Changes Ratings on Key Oil Giants
L Brands Inc. (NYSE: LB) was raised to Outperform from Neutral and the price target was raised to $73 from $65 by Credit Suisse.
Mobileye N.V. (NYSE: MBLY) was downgraded to Hold from Buy with a $53 price target (versus a $56.60 close) at Deutsche Bank.
Netflix Inc. (NASDAQ: NFLX) was started as Buy with a $550 price target at Canaccord Genuity. Netflix was also started as Neutral at SunTrust Robinson Humphrey.
Noodles & Co. (NASDAQ: NDLS) was raised to Buy from Neutral at UBS.
Palo Alto Networks Inc. (NYSE: PANW) was indicated up over 5% at almost $94 after earnings and guidance. It has seen its price targets raised across the board: to $110 at Credit Suisse, to $115 at Morgan Stanley, to $120 at JMP Securities, to $110 at Piper Jaffray, to $110 at Baird and to $100 at Oppenheimer.
Spirit Airlines Inc. (NASDAQ: SAVE) was downgraded to Market Perform from Outperform with a $76 price target (versus a $71.88 close) at Cowen.
Tiffany & Co. (NYSE: TIF) was downgraded to Neutral from Outperform with a $112 price target (versus a $101.60 close) at Credit Suisse.
READ ALSO: Credit Suisse Releases New Top Investment Ideas
Twitter Inc. (NYSE: TWTR) was raised to Buy from Neutral and the price target was raised to $65 from $50 (versus a $50.61 close) at UBS.
VMware Inc. (NYSE: VMW) was started as Buy at Maxim.
In case you missed Tuesday’s top analyst upgrades and downgrades, they were in Chevron, Netflix, Newmont Mining, Southwest Air, Stratasys and many more.
Top Gaining Stocks
Top Losing Stocks