Top Analyst Upgrades and Downgrades: Apple, CyberArk, EMC, Goldman Sachs, SanDisk, ULTA, Wayfair and More

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By Jon C. Ogg Published
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Stocks were down handily on Friday morning, with the Greek fears of a “Grexit” back in focus. The trend that remains in place is that investors have bought stocks on weakness for over three years now. 24/7 Wall St. reviews dozens of analyst research reports each day to find new trading and investment ideas for its readers. Some of these analyst calls cover stocks to buy, while other reports cover stocks to sell or to avoid.

These are this Friday’s top analyst upgrades, downgrades and initiations.

Apple Inc. (NASDAQ: AAPL) was started as Outperform with a $185 price target (versus a $126.78 close) at FBR Capital Markets. This is now the highest official price target, with a $1 trillion valuation expected, although we recently saw one analyst outline on how Apple could hit $200.

Carmike Cinemas Inc. (NASDAQ: CKEC) was started as Outperform with a price target of $41 (versus a $31.68 close) at RBC Capital Markets.

Cinemark Holdings Inc. (NYSE: CNK) was started as Outperform with a price target of $55 (versus a $43.27 close) at RBC Capital Markets.

CyberArk Software Ltd. (NASDAQ: CYBR) was started as Market Outperform with a $72 price target (versus a $61.12 close) at JMP Securities.

CytRx Corp. (NASDAQ: CYTR) was started as Outperform with a price target of $10 (versus a $4.50 close) at Oppenheimer.

EMC Corp. (NYSE: EMC) was raised to Outperform from Market Perform with a $32 price target (versus a $26.05 close) at Bernstein.

ALSO READ: The 5 Stocks Carrying the DJIA in 2015

Goldman Sachs Group Inc. (NYSE: GS) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods, but the firm actually raised Goldman’s price target to $210 from $195 in the call.

Google Inc. (NASDAQ: GOOGL) was reiterated as Buy with a $675 price target (versus a $543.52 close) at Argus. This is despite the European Commission’s actions being a long-term threat.

GrubHub Inc. (NYSE: GRUB) was started with a Buy rating and a $56 price target (versus a $45.33 close) at Sterne Agee.

Intercept Pharmaceuticals Inc. (NASDAQ: ICPT) was started as Buy with a price target of $465 (versus a $274.44 close) at UBS.

Kinder Morgan Inc. (NYSE: KMI) was reiterated as Buy with a $50 price target at Argus. 24/7 Wall St. just reviewed earnings and post-news analyst calls. The verdict was that Kinder Morgan may have become the perfect energy stock for investors in the current climate.

Netflix Inc. (NASDAQ: NFLX) was maintained as Hold at Argus, with the independent research firm saying that its high valuation and competitive pressures warrant caution. Still, most analysts raised their targets after earnings.

Nimble Storage Inc. (NYSE: NMBL) was started as Outperform with a $30 price target (versus a $24.80 close) at BMO Capital Markets.

ALSO READ: How Disney Just Made $2 Billion More on Star Wars

Penn National Gaming Inc. (NASDAQ: PENN) was raised to Overweight from Neutral with a price target of $18 (versus a $15.70 close) at JPMorgan.

SanDisk Corp. (NASDAQ: SNDK) was downgraded to Sell from Hold with a $60 price target at Drexel Hamilton.

Travelers Companies Inc. (NYSE: TRV) was downgraded to Equal Weight from Overweight at Barclays, although the price target of $117 is still above the recent $108.67 closing price.

ULTA Salon, Cosmetics & Fragrance Inc. (NASDAQ: ULTA) was raised to Buy from Neutral and the price target was raised to $177 from $138 (versus a $154.16 close) at Nomura.

Wayfair Inc. (NYSE: W) was downgraded to Neutral from Buy with a price target of $36 (versus a $34.53 close) at Goldman Sachs.

Westmoreland Coal Co. (NASDAQ: WLB) was started as Buy with a $40 price target (versus a $29.89 close) at BB&T Capital Markets.

Xcel Energy Inc. (NYSE: XEL) was raised to Buy from Hold at Argus, and the price target was set at $42, versus a $34.30 closing price.

ALSO READ: AMD Unable to Escape Intel’s Guidance Shadow

In case you missed Thursday’s top analyst upgrades and downgrades, they included Alcatel-Lucent, Apple, Coach, Etsy, Intel, MannKind, Netflix, SanDisk, Starbucks and about a dozen more companies.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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