Top Analyst Upgrades and Downgrades: Ambarella, BBVA, GoPro, Intel, Micron, Schlumberger and More
Stocks hit the skids on Wednesday morning. Investors have to be considering if that elusive 10% market correction is finally going to occur. Still, investors have been buying oversold stocks or overlooked value. 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 Wednesday’s top analyst upgrades and downgrades featured by 24/7 Wall St.
Ambarella Inc. (NASDAQ: AMBA) was started as Outperform with a $47 price target (versus a $35.66 close) at Pacific Crest.
Applied Materials Inc. (NASDAQ: AMAT) was raised to Buy from Neutral at Bank of America Merrill Lynch.
Baker Hughes Inc. (NYSE: BHI) was raised to Buy from Neutral at Sterne Agee and started as Buy at Citigroup.
Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) was raised to Buy from Hold at Deutsche Bank.
BorgWarner Inc. (NYSE: BWA) was raised to Buy from Neutral at Sterne Agee.
GoPro Inc. (NASDAQ: GPRO) was started as Sector Perform at Pacific Crest.
Halliburton Co. (NYSE: HAL) was started as Neutral at Citigroup.
Intel Corp. (NASDAQ: INTC) was downgraded to Underweight from Equal Weight at Morgan Stanley. Sterne Agee maintained a Neutral rating but raised its target to $31 from $30.
Micron Technology Inc. (NASDAQ: MU) was raised to Overweight from Neutral at J.P. Morgan.
Occidental Petroleum Corp. (NYSE: OXY) was downgraded to Neutral from Outperform at Credit Suisse.
Receptos Inc. (NASDAQ: RCPT) was started as Buy with an $88 price target (versus a $63.68 close) at Goldman Sachs.
Schlumberger Ltd. (NYSE: SLB) was started as Neutral at Citigroup.
United Natural Foods Inc. (NASDAQ: UNFI) was raised to Overweight from Neutral at Piper Jaffray.
Weatherford International PLC (NYSE: WFT) was started as Neutral at Citigroup.
In case you missed Tuesday’s analyst upgrades and downgrades, they included Cigna, Corning, CSX, Ford, GM, Las Vegas Sands, Netflix, Orbitz, Vodafone and more.