Stocks were indicated higher on Thursday after it looks as though the Greeks are going to try playing by the rules. Investors have proven over and over that they are buyers of every single dip in the stock market. 24/7 Wall St. reviews dozens of analyst reports each day of the week to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.
These are this Thursday’s top analyst upgrades, downgrades and initiations.
Altria Group Inc. (NYSE: MO) was started as Outperform at Goldman Sachs. Altria closed at $51.23, has a consensus price target of $57.33, and its 52-week trading range is $40.26 to $56.70.
General Motors Corp. (NYSE: GM) was downgraded to Equal Weight from Overweight and the price target was cut to $36 from $44 (versus a $31.43 close) at Barclays. GM has a consensus price target of $42.06 and a 52-week range of $28.82 to $38.99.
Intel Corp. (NASDAQ: INTC) was raised to Buy from Hold with a price target f $37 (versus $29.69 close) at Needham. Intel was last seen trading up over 2% at $30.40 after earnings. Credit Suisse reiterated its Outperform rating and $40 price target. The small firm Ascendiant Capital raised its rating to Hold from Sell. Bank of America Merrill Lynch reiterated its Buy rating and $35 price objective.
Netflix Inc. (NASDAQ: NFLX) was reiterated as Buy and the price target was raised to $120 from $80 at Canaccord Genuity. Netflix closed at $98.13 ahead of its solid earnings report, and shares were last seen trading at $108.90 or so.
Paychex Inc. (NASDAQ: PAYX) was downgraded to Neutral from Buy and the price target was cut to $52 from $55 (versus a $47.76 close) at Goldman Sachs. It may be worth noting that Paychex was already above its $47.07 consensus price target, and its 52-week range is $40.10 to $51.72.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) was raised to Outperform from Neutral and the price target was raised to $110 from $90 (versus a $93.95 close) at Credit Suisse. Walgreens has a 52-week range of $57.75 to $94.90.
Norfolk Southern Corp. (NYSE: NSC) was downgraded to Equal Weight from Overweight and the price target was cut to $91 from $96 (versus an $86.96 close) at Barclays. It has a $97.71 consensus price target and a 52-week range of $85.17 to $117.64.
Other key analyst upgrades, downgrades and initiations seen this Thursday were as follows:
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