Top Analyst Upgrades and Downgrades: Ambarella, eBay, Rite Aid, TiVo, Yahoo, Valero, Virtu and More

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Stocks were looking for a slightly positive opening on Wednesday, an effort to unseat recent market weakness. The one trend that is now nearly four years old is that investors have lined up after each and every sell-off to buy their favorite stocks. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new ideas for traders and investors. Some of these analyst calls cover stocks to buy, while some cover stocks to sell or avoid.

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

Ambarella Inc. (NASDAQ: AMBA) was maintained as Outperform and the price target was raised to $96.00 from $78.00 (versus a $87.20 close) at Pacific Crest. This call is based on two issues: solid GoPro orders and also the possibility that Qualcomm might be interested in buying the company. Shares were up over 4% at $87.20 on Tuesday, and the consensus price target is near $73.50.

eBay Inc. (NASDAQ: EBAY) was started as Buy with a price target of $68 (versus a $58.73 close) at Topeka Capital Markets.

Rite Aid Inc. (NYSE: RAD) was started with a Buy rating and a $10 price target (versus a $8.63 close) at Mizuho. Rite Aid shares have traded in a 52-week range of $4.42 to $9.07 and have a consensus analyst price target that has now grown to $10.00 as well.

TiVo Inc. (NASDAQ: TIVO) was indicated higher after beating earnings and making an international acquisition. Janney Capital Markets raised its 2016 earnings estimates slightly, but it maintained its Neutral rating and $16 fair value target. TiVo closed at $10.36, has a 52-week range of $10.27 to $14.29 and has a consensus price target of $15.59.

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Other key analyst upgrades, downgrades and initiations were seen in the following companies this Wednesday: