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Top Analyst Upgrades and Downgrades: Apple, BHP, Ford, GM, IBM, NetEase, Shire and More

Jon C. Ogg

Stocks were firm again on Tuesday morning. Investors have now formally proven yet again that they are willing to buy value and overlooked stocks on the dips. 24/7 Wall St. reviews dozens of analyst reports each morning to hunt for new investment and trading ideas for our readers. Some of these key analyst reports cover stocks to buy, while others cover stocks to sell or to avoid.

These are this Tuesday’s top analyst upgrades and downgrades featured by 24/7 Wall St.

Apple Inc. (NASDAQ: AAPL) is trading slightly higher after earnings, but we have yet to see many analyst upgrades or downgrades. Canaccord Genuity raised its price target to $120 from $115. Wells Fargo maintained its Market Perform rating but raised its valuation range up to $92.00 to $102.00 from $89.00 to $99.00, based on 13 to 14 times expected 2015 earnings. Credit Suisse maintained its Neutral rating and $110 price target. It was maintained Outperform with a $115 price target at Oppenheimer.

BHP Billiton Ltd. (NYSE: BHP) was downgraded to Hold from Buy with a $53 price target (versus a $59.32 close) at Jefferies.

Ford Motor Co. (NYSE: F) was started as Neutral at Susquehanna.

International Business Machines Corp. (NYSE: IBM) was maintained as Underperform at Credit Suisse, but the price target was slashed to $125 from $160 in the call. IBM was downgraded to Hold from Buy at Evercore. Wells Fargo maintained its Market Perform rating, but lowered its price valuation range to $167.00 to $177.00 from the prior range of $185.00 to $195.00 — based solely on 10 times expected 2015 earnings.

Twitter Inc. (NYSE: TWTR) was started with a Neutral rating at Citigroup.

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