Stocks were indicated higher on Wednesday on hopes that the latest Greek overtures might get accepted by creditors. Yet again, investors have continued the nearly four-year-old trend of buying every single pullback. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others are about stocks to sell or avoid.
These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Brinker International Inc. (NYSE: EAT) was started as Buy with a $67.00 price target (versus a $57.65 close) at Goldman Sachs. The stock has a consensus price target of $65.60 and a 52-week trading range of $43.83 to $63.40.
Cypress Semiconductor Corp. (NASDAQ: CY) was started as Overweight with a $15 price target (versus a $11.76 close) at Barclays.
Starbucks Corp. (NASDAQ: SBUX) was maintained as Buy at Goldman Sachs, but the firm removed the coffee destination giant from its prized Conviction Buy List.
Windstream Holdings Inc. (NASDAQ: WIN) was raised to Equal Weight from Underweight and the price target was cut to $7.00 from $9.50 (versus a $6.38 close) at Morgan Stanley.
Willis Group Holdings PLC (NYSE: WSH) was raised to Buy from Neutral with a $55 price target (versus a $46.90 close, after a 3.3% post-merger announcement gain) at Bank of America Merrill Lynch.
Other key analyst upgrades and downgrades this Wednesday were seen as follows:
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