Top Analyst Upgrades and Downgrades: Avago, Citigroup, EA, Ford, GM, Goldman Sachs, JPMorgan, and More
Stocks were indicated lower as it appears that a deal with Greece may be more hope than reality. Still, the trend seen for nearly four years now is that investors have bought every single stock market pullback. 24/7 Wall St. reviews dozens of analyst and brokerage research reports each morning to find new trading and investing ideas for its readers. Some of these analyst calls cover stocks to buy, and other calls are about stocks to sell or avoid.
These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Avago Technologies Ltd. (NASDAQ: AVGO) was started as Buy with a $163 price target (versus a $141.64 close) at Argus. The stock has a consensus analyst price target of $169.82 and a 52-week trading range of $68.71 to $150.50.
Citigroup Inc. (NYSE: C) was downgraded to Hold from Buy with a price target of $56.00 (versus a $57.39 close) at Deutsche Bank. Citigroup has a consensus price target of $63.28 and a 52-week range of $46.55 to $57.64.
Electronic Arts Inc. (NASDAQ: EA) was upgraded to Buy from Hold and the price target was raised to $80 from $58 (versus a $66.58 close) at Jefferies. EA has a consensus price target $67.13 and a 52-week range of $31.77 to $67.49. This is a new street-high target, as the prior one was $75.00.
Ford Motor Co. (NYSE: F) was raised to Buy from Neutral and the price target was lifted to $19 from $18 (versus a $15.29 close) at Goldman Sachs. Ford has a consensus price target of $17.35 and a 52-week range of $13.26 to $18.12.
General Motors Co. (NYSE: GM) was downgraded to Neutral from Buy and the price target was cut to $40 from $47 (versus a $36.30 close) at Goldman Sachs. GM has a consensus analyst price target of $42.63 and a 52-week range of $28.82 to $38.99.
JPMorgan Chase & Co. (NYSE: JPM) was reiterated as Buy and the price target was raised to $77 from $70 (versus a $69.75 close) at Argus. The consensus price target is $71.74, and the 52-week trading range is $54.26 to $69.82 (with the high just on Tuesday).
Goldman Sachs Group Inc. (NYSE: GS) was downgraded to Hold from Buy and the price target is $206.00 (versus a $218.40 close) at Deutsche Bank. The consensus analyst price target is $42.63, The 52-week range is $161.53 to $218.77.
Additional key analyst upgrades, downgrades and initiations were seen as follows this Wednesday: