Top Analyst Upgrades and Downgrades: Fitbit, Apple, ARM, Groupon, Palo Alto, Pepsi, Windstream and More
Stocks were indicated higher on Monday on further hopes for the Greece situation to be approved. Investors just keep proving that they will buy stocks on each and every sell-off, even if the reason to buy is different each time. 24/7 Wall St. reviews dozens of analyst and brokerage reports each morning in order to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, and some cover stocks to sell or to avoid.
These are this Monday’s top analyst upgrades, downgrades and initiations.
Fitbit Inc. (NYSE: FIT) has seen its quiet period end and shares closed at $42.10 on Friday. The digital health monitor maker was started as Buy with a $50 price target at SunTrust Robinson Humphrey. Morgan Stanley started Fitbit as Equal Weight with a $42 price target, and William Blair assigned a Market Perform rating. Stifel started it as Buy with a $57 price target. Piper Jaffray started Fitbit as Overweight with a $52 price target.
Apple Inc. (NASDAQ: AAPL) was raised to Buy from Neutral and was given a $140 price target (versus $123.28 close) at Soc-Gen. Recent share weakness and the new iPhone this fall were cited for the strength.
ARM Holdings PLC (NASDAQ: ARMH) was downgraded to Underweight from Neutral at JPMorgan.
Groupon Inc. (NASDAQ: GRPN) was raised to Outperform from Neutral at Macquarie.
Palo Alto Networks Inc. (NYSE: PANW) was started as Overweight with a $216 price target (versus $180.80 close) at JPMorgan.
PepsiCo Inc. (NYSE: PEP) was downgraded to Neutral from Positive at Susquehanna.
Windstream Holdings Inc. (NASDAQ: WIN) was downgraded to Sell from Neutral with a $5 price target (versus a $5.68 close) at UBS.
Other key analyst upgrades and downgrades from Monday were as follows: