Stocks were soft on Wednesday after weak data in Europe and after an Ebola case was confirmed in the United States. Still, investors have shown over and over that they are eager to buy undervalued and overlooked stocks when they are down. 24/7 Wall St. reviews dozens of brokerage analyst reports each morning of the week, hunting for new investment and trading ideas for our readers. Some key analyst reports cover stocks to buy, while others also cover stocks to sell or to avoid.
These are this Wednesday’s top analyst upgrades, downgrades and initiations covered by 24/7 Wall St.
eBay Inc. (NASDAQ: EBAY) saw one downgrade after its announced PayPal spin-off on Tuesday, and Wednesday has brought several valuation downgrades after the pop. The payments and marketplaces leader was downgraded to Neutral at J.P. Morgan, downgraded to Hold at Jefferies and downgraded to Market Perform by JMP Securities.
Boeing Co. (NYSE: BA) was reiterated as Buy with a $164 price target (versus a $127.38 close) at Sterne Agee, but the firm raised earnings estimates based on higher than expected second half deliveries.
Hecla Mining Co. (NYSE: HL) was raised to Buy from Hold with a $3.50 price target (versus a $2.48 close) at BB&T Capital Markets.
Janus Capital Group Inc. (NYSE: JNS) was raised to Buy from Hold and the price target was raised to $17 from $12.50 at Jefferies.
Orbitz Worldwide Inc. (NYSE: OWW) was raised to Outperform from Perform with a $9.50 price target (versus a $7.87 close) by Oppenheimer.