Top Analyst Upgrades and Downgrades: ARIAD, FedEx, Genpact, Suncor, Travelers, UPS and More
Stocks were trying to post a recovery on Thursday morning on the heels of three days worth of energy-related selling. Despite a relatively harsh drop, investors have proven over and over that they will buy stocks that get discounted too much or value stocks that are overlooked by the broader market. 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 research reports cover stocks to buy, and some cover stocks to sell or avoid.
These are this Thursday’s top analyst upgrades and downgrades from 24/7 Wall St.
ARIAD Pharmaceuticals Inc. (NASDAQ: ARIA) was downgraded to Underperform from Neutral at Credit Suisse.
AbbVie Inc. (NYSE: ABBV) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Eli Lilly & Co. (NYSE: LLY) was raised to Overweight from Underweight at Morgan Stanley
FedEx Corp. (NYSE: FDX) was started as Neutral at UBS.
GasLog Ltd. (NYSE: GLOG) was started as Buy with a $24 price target (versus a $17.46 close) at Canaccord Genuity.
Genpact Ltd. (NYSE: G) was started as Buy at Jefferies.
Suncor Energy Inc. (NYSE: SU) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.
Tableau Software Inc. (NYSE: DATA) was started as Outperform at Wedbush.
Teekay LNG Partners L.P. (NYSE: TGP) was started as Buy with a $46 price target (versus a $38.06 close) at Canaccord Genuity.
Thompson Creek Metals Co. (NYSE: TC) was downgraded to Hold from Buy at Deutsche Bank.
Toll Brothers Inc. (NYSE: TOL) was downgraded to Underperform from Sector Perform at RBC Capital Markets.
Travelers Companies Inc. (NYSE: TRV) was downgraded to Neutral from Buy at UBS.
United Natural Foods Inc. (NASDAQ: UNFI) was raised to Buy from Hold with target of $90 (versus a $74.86 close) at Argus.
United Parcel Service Inc. (NYSE: UPS) was started as Neutral at UBS.
United Therapeutics Corp. (NASDAQ: UTHR) was downgraded to Underperform from Neutral at Credit Suisse.
Vital Therapies Inc. (NASDAQ: VTL) was raised to Outperform from Neutral with a $25 price target (versus $19.87 close) at Credit Suisse.
XPO Logistics Inc. (NYSE: XPO) was started as Outperform at Macquarie.
In case you missed Wednesday’s top analyst upgrades and downgrades, they were in shares of American Airlines, BP, Burger King, CSX, EMC, Dollar Tree, Disney, EMC, Sprint and over a dozen more.