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Top Analyst Upgrades and Downgrades: Boeing, eBay, Hecla Mining, Janus Capital, Orbitz, Ford and More
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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.
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Other Analyst Calls of Note:
Allergan Inc. (NYSE: AGN) was raised to Buy from Hold with a $200 price target (versus a $178.19 close) at Stifel.
Angie’s List Inc. (NASDAQ: ANGI) has put itself up for sale or is seeking strategic alternatives. The reviews website was raised to Market Perform from Underperform at Northland Securities. Think about this — maybe the company will have a name change to Someone Else’s List.
Aramark Holdings Corp. (NYSE: ARMK) was started as Outperform with a $32 price target at Credit Suisse.
Crocs Inc. (NASDAQ: CROX) was started as Buy with a $17 price target (versus $12.58 close) at Wunderlich.
Dean Foods Co. (NYSE: DF) was downgraded to Hold from Buy at BB&T Capital Markets.
DeVry Education Group Inc. (NYSE: DV) was raised to Buy from Hold and the price target was raised to $55 from $47 (versus a $42.81 close) at Deutsche Bank.
Ford Motor Co. (NYSE: F) was removed from the prized US List at Bank of America Merrill Lynch.
InvenSense Inc. (NASDAQ: INVN) was raised to Strong Buy from Buy at Needham & Co.
Quintiles Transnational Holdings Inc. (NYSE: Q) was started with a Buy rating and a target price of $65 at Argus.
Tyson Foods,Inc. (NYSE: TSN) was raised to Neutral from Underperform with a $42 price target at Credit Suisse.
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Tuesday Morning Corp. (NASDAQ: TUES) was downgraded to Neutral from Outperform with a $20 price target (versus a $19.41 close) at Credit Suisse.
Tyco International Ltd. (NYSE: TYC) was started with a Neutral rating and with a $47 price target (versus a $44.57 close) at Goldman Sachs.
Vistaprint N.V. (NASDAQ: VPRT) was started as Buy with a $63 price target (versus a $54.79 close) at SunTrust Robinson Humphrey.
In case you missed Tuesday’s top analyst upgrades and downgrades from 24/7 Wall St., they included Alcoa, Apple, Kellogg, Lockheed, Raytheon, Teekay, Toyota and a dozen or so more.
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