Investing

Top Analyst Upgrades and Downgrades: Apple, Gap, Intel, J.C. Penney, Kinder Morgan and More

Stocks were selling off marginally on Thursday morning after the Fed minutes prompted a rally on Wednesday. Yet again, investors proved how willing they are to buy overlooked or oversold stocks when they can. 24/7 Wall St. reviews dozens of brokerage firm analyst research reports each morning of the week for new investment and trading ideas for our readers. Some analyst reports cover stocks to buy, but some also cover stocks to sell or to avoid.

These are this Thursday’s top analyst upgrades and downgrades featured by 24/7 Wall St. We have five key calls on the first page, followed by 17 other summaries on the second page.

Apple Inc. (NASDAQ: AAPL) was raised to Outperform from Perform with a $115 price target at Oppenheimer.

Gap Inc. (NYSE: GPS) fell on news that Glenn Murphy was resigning as CEO. Shares of Gap have been downgraded to Market Perform at Wells Fargo, to Neutral at Janney Capital Markets and to Neutral at Sterne Agee.

Intel Corp. (NASDAQ: INTC) was reiterated as Buy and as a Top Pick at Bank of America Merrill Lynch. The firm has a $43 price objective maintained, on the heels of mixed PC sales data from Gartner for the third quarter.

J.C. Penney Co. Inc. (NYSE: JCP) was maintained as Neutral but its earnings estimates were cut at Sterne Agee after its analyst day.

Kinder Morgan Inc. (NYSE: KMI) was reiterated as Outperform and with a $48 price target at Credit Suisse, based on dividend growth and the notion that it will require little new equity.

ALSO READ: 5 Top Chip Stocks That Could Surge in the Fourth Quarter

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