Stocks were indicated to have a very strong open on Friday morning after Thursday’s recovery. The correction that many investors have hoped for finally arrived, and investors are proving yet again that they will buy value and overlooked stocks if they can get them on the cheap. 24/7 Wall St. looks over dozens of Wall Street analyst research reports each morning for new ideas. Some are stocks to buy and some are stocks to sell. These are this Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research firms.
Advanced Micro Devices Inc. (NYSE: AMD) was down marginally after earnings. The graphics and processor company was raised to Sector Perform from Underperform by Pacific Crest, and Canaccord Genuity downgraded the company to Hold from Buy.
AK Steel Holding Corp. (NYSE: AKS) was raised to Buy from Neutral with a $10 price target (versus a $5.76 close) at Nomura.
Alibaba Group Holding Ltd. (NYSE: BABA) was started as Buy with a $110 price target (versus a $88.85 close) at Brean Capital.
Calumet Specialty Products Partners L.P. (NASDAQ: CLMT) was raised to Outperform with a price target range of $31 to $35 at Wells Fargo.
E-House (China) Holdings Ltd. (NYSE: EJ) was raised to Buy from Neutral at Goldman Sachs, with a $14 price target (versus a $9.45 close).
ALSO READ: Ebola Stocks on the Move
Fifth Third Bancorp (NASDAQ: FITB) was raised to Buy from Neutral at Citigroup.
Garmin Ltd. (NASDAQ: GRMN) was started as Neutral with a $54 price target (versus a $52.61 close) at Credit Suisse.
Goldman Sachs Group Inc. (NYSE: GS) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
ITC Holdings Corp. (NYSE: ITC) was raised to Neutral from Underperform and the price target was raised to$36 from $34.50 at Credit Suisse.
Nabors Industries Ltd. (NYSE: NBR) was raised to Buy from Neutral at UBS.
Smith & Wesson Holding Corp. (NASDAQ: SWHC) was started as Buy with a $13 price target at Wunderlich.
SunEdison Inc. (NYSE: SUNE) was raised to Outperform from Market Perform at Cowen.
ALSO READ: 5 Reasons Oil Is Not Rising
Urban Outfitters Inc. (NASDAQ: URBN) was down about 12% after lowering its forecast. So far it has been downgraded to Equal Weight from Overweight at Morgan Stanley and to Neutral by Goldman Sachs.
Xilinx Inc. (NASDAQ: XLNX) was raised to Outperform from Market Perform at Wells Fargo.
In case you missed Thursday’s top analyst upgrades and downgrades, they included American Express, Baidu, Bank of America, Citigroup, Lululemon, Netflix, Tiffany and many more.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.