Top Analyst Upgrades and Downgrades: Baidu, BlackBerry, GM, PayPal, Teva, Yelp and Many More

Stocks were indicated higher on Tuesday morning after 5 days in a row of selling. Yet again we see the trend of investors finding a reason to buy every stock market sell-off for bargain hunting. 24/7 Wall St. reviews dozens of analyst reports each morning to find new trading and investing ideas for its readers. Some of these analyst calls cover stocks to buy, and other analyst calls cover stocks to sell or stocks to avoid.

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

Baidu, Inc. (NASDAQ: BIDU) was down around 12% at $173.00 after missing earnings estimates. Deutsche Bank and Brean Capital both downgraded it to Hold from Buy. Baidu is at 52-week lows now as the prior 52-week range was $178.81 to $251.99.

BlackBerry Ltd. (NASDAQ: BBRY) was raised to Equal Weight from Underweight with a $7 price target (versus $7.28 close) at Morgan Stanley. BlackBerry has a consensus price target of $8.81 and a 52-week range of $7.15 to $12.63.

General Motors Co. (NYSE: GM) was reiterated as Buy and with a target price of $45 at Argus, up handily from the $31.05 close. The firm sees GM winning from recent efforts to rationalize manufacturing capacity and consolidate vehicle platforms and from strong U.S. demand for new cars.

PayPal Holdings, Inc. (NASDAQ: PYPL) was started as Buy with a $44 price target (versus $36.39 close) at Jefferies. PayPal’s consensus price target is $43.11 and it has a post-split range of $33.98 to $42.55.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was reiterated as Buy at Argus on the heels of the Allergan generics acquisition, and the firm raised its target price to $82 from $75 (versus $72.00 close after a 16% gain) in the call. Teva is one of our own 10 Stocks to Own for the Next Decade, it has a consensus target closer to $73 and a 52-week range of $47.36 to $72.15.

Yelp Inc. (NYSE: YELP) was downgraded to Hold from Buy with $33 price target (versus $33.73 close) at Deutsche Bank. Yelp has a consensus target price of $51.69 and a 52-week range of $33.35 to $86.88.

Also Read: 7 Big Banks Valued Under Book Value

Other key analyst upgrades, downgrades, and initiations from this Tuesday were seen in shares of the following companies:

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