Top Analyst Upgrades and Downgrades: BP, CSX, Dollar General, EMC, Sprint, 3D Systems, Disney and More
Stocks were indicated lower again Wednesday morning after Tuesday’s sell-off. Though this could be the third down day in a row, investors still keep showing that they will buy value stocks and overlooked stocks any time they think they are discounted. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas for its readers. Some of these analyst reports cover stocks to buy, and some cover stocks to sell or avoid.
These are this Wednesday’s top analyst upgrades and downgrades from 24/7 Wall St.
American Airlines Group Inc. (NASDAQ: AAL) was raised to Overweight from Equal Weight and the price target was raised to $63 from $47 (versus a $48.31 close) at Barclays.
American Eagle Outfitters Inc. (NYSE: AEO) was raised to Outperform from Market Perform at BMO Capital Markets.
BP PLC (NYSE: BP) was raised to Buy from Hold and named a Top Pick at Deutsche Bank.
Burger King Worldwide Inc. (NYSE: BKW) was raised to Outperform from Sector Perform at RBC Capital Markets.
CSX Corp. (NYSE: CSX) was started as Buy at Nomura.
Carrizo Oil & Gas Inc. (NASDAQ: CRZO) was started as Buy with a $58 price target at Canaccord Genuity.
Crown Castle International Corp. (NYSE: CCI) was downgraded to Perform from Outperform with a $90 price target at Oppenheimer.
Dollar General Corp. (NYSE: DG) was started as Buy at Citigroup.
Dollar Tree Inc. (NASDAQ: DLTR) was started as Neutral at Citigroup.
EMC Corp. (NYSE: EMC) was started as Neutral at J.P. Morgan.
Goldman Sachs Group Inc. (NYSE: GS) was downgraded to Neutral from Positive at Susquehanna.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) was started as Buy at Nomura.
Kroger Co. (NYSE: KR) was started as Buy at Citigroup.
Norfolk Southern Corp. (NYSE: NSC) was started as Neutral at Nomura.
Sprint Corp. (NYSE: S) was downgraded to Underperform from Perform at Oppenheimer, but no downside price target was assigned.
Stratasys Ltd. (NASDAQ: SSYS) was started as Neutral at Longbow.
Steven Madden Ltd. (NASDAQ: SHOO) was downgraded to Neutral from Buy at Goldman Sachs.
3D Systems Corp. (NYSE: DDD) was started as Underperform with a $25 price target (versus $32.13 close) at Longbow.
Tableau Software Inc. (NYSE: DATA) was started as Buy with a $100 price objective (versus a $82.20 close) at Bank of America Merrill Lynch.
United Continental Holdings Inc. (NYSE: UAL) was raised to Overweight from Underweight and the price target was raised to $76 from $52 (versus a $62.52 close) at Barclays.
Walgreen Co. (NYSE: WAG) was started as Buy at Citigroup.
Walt Disney Co. (NYSE: DIS) was downgraded to Hold from Buy at Topeka Capital Markets.
In case you missed Tuesday’s top analyst upgrades and downgrades, they were in shares of Cisco Systems, DreamWorks Animation, Lululemon Athletica, Nabors Industries, Schlumberger, Verizon Communications and a dozen more.