Top Analyst Upgrades and Downgrades: Baker Hughes, CryoLife, Halliburton, Nabors, Red Hat, Sonus and More
Stocks were indicated higher yet again on Tuesday, with the Dow Jones Industrial Average in striking distance of 18,000. Investors have shown over and over that they will buy stocks that offer value or that have been overlooked. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for its readers. Some analyst research reports cover stocks to buy, and others cover stocks to sell or avoid.
These are this Tuesday’s top analyst upgrades, downgrades and initiations seen from Wall Street research calls.
Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) was downgraded to Neutral from Outperform at R.W. Baird.
Baker Hughes Inc. (NYSE: BHI) was downgraded to Neutral from Buy at Global Hunter Securities.
BreitBurn Energy Partners L.P. (NASDAQ: BBEP) was downgraded to Hold from Buy at Stifel.
Cedar Fair L.P. (NYSE: FUN) was started as Outperform with a $53 price target (versus a $46.80 close) at Credit Suisse.
CryoLife Inc. (NYSE: CRY) was raised to Overweight from Neutral at Piper Jaffray.
Diamond Offshore Drilling Inc. (NYSE: DO) was downgraded to Reduce from Neutral at Global Hunter Securities.
Halliburton Co. (NYSE: HAL) was downgraded to Neutral from Buy at Global Hunter Securities.
Intra-Cellular Therapies Inc. (NASDAQ: ITCI) was started as Outperform at JMP Securities.
Kimberly Clark Corp. (NYSE: KMB) was raised to Outperform from Market Perform with a $125 price target (versus a $116.45 close) at BMO Capital Markets.
Nabors Industries Ltd. (NYSE: NBR) was downgraded to Reduce from Neutral at Global Hunter Securities.
Red Hat Inc. (NYSE: RHT) was started as Buy at Cantor Fitzgerald.
Sonus Networks Inc. (NASDAQ: SONS) was started as Outperform with a $4.65 to $4.75 fair value range (versus a $3.95 close) at Wells Fargo.
In case you missed Monday’s top analyst upgrades, downgrades and initiations, they were in American Superconductor, Coach, FedEx, Genworth Financial, Michael Kors, Twitter and many more.