Top Analyst Upgrades and Downgrades: Ford, GM, Netflix, Wynn Resorts, Vodafone and More
Stocks were firm Tuesday morning after a weak three days in the market. Investors are now wondering if that 10% market correction will finally occur. So far, investors remain willing and eager to buy oversold or overlooked value. The question is whether that remains or if people are worried about the next flush-out. 24/7 Wall St. reviews dozens of analyst reports each morning of the week to find new investment and trading ideas. Some analyst reports cover stocks to buy, and some cover stocks to sell or to avoid.
These are this Tuesday’s top analyst upgrades and downgrades featured by 24/7 Wall St.
Ford Motor Co. (NYSE: F) was downgraded to Neutral from Buy at Goldman Sachs.
General Motors Co. (NYSE: GM) was maintained as Buy but was removed from the prized Conviction Buy List at Goldman Sachs.
Netflix Inc. (NASDAQ: NFLX) was raised to Buy from Neutral at BTIG, with a price target of $600.
Wynn Resorts Ltd. (NASDAQ: WYNN) was downgraded to Neutral from Buy with a $195 price target (versus a $173.44 close) at Bank of America Merrill Lynch.
Vodafone Group PLC (NASDAQ: VOD) was started as Buy at Deutsche Bank.
Other Key Analyst Calls
8×8 Inc. (NASDAQ: EGHT) was raised to Buy from Neutral with an $8 price target (versus a $5.84 close) at B. Riley.
BorgWarner Inc. (NYSE: BWA) was raised to Buy from Neutral at Goldman Sachs.
Cigna Inc. (NYSE: CI) was downgraded to Neutral from Buy at Sterne Agee.
Corning Inc. (NYSE: GLW) was downgraded to Neutral from Buy at Merrill Lynch.
CSX Corp. (NYSE: CSX) was started as Buy at UBS.
Canadian Pacific Railway Ltd. (NYSE: CP) was started as Buy at UBS.
Delphi Automotive PLC (NYSE: DLPH) was raised to Buy from Neutral at Goldman Sachs.
Energizer Holdings Inc. (NYSE: ENR) was raised to Outperform from Market Perform at Wells Fargo.
Goodyear Tire & Rubber Co. (NYSE: GT) was maintained as Buy but was removed from the Conviction Buy List at Goldman Sachs.
Group 1 Automotive Inc. (NYSE: GPI) was downgraded to Sell from Neutral at Goldman Sachs.
Las Vegas Sands Corp. (NYSE: LVS) was downgraded to Neutral from Buy with a $67 price target (versus a $58.96 close) at Merrill Lynch.
Legg Mason Inc. (NYSE: LM) was raised to Neutral from Underperform at Merrill Lynch.
Norfolk Southern Corp. (NYSE: NSC) was started as Buy at UBS.
Orbitz Worldwide Inc. (NYSE: OWW) was raised to Outperform from Market Perform at FBR Capital Markets.
Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW) was started as Outperform at FBR Capital Markets (late Monday call).