Stocks were indicated lower on Friday. The markets have been mixed, but investors have a history nearing four years of buying every dip for whatever reason is popular at the time. 24/7 Wall St. reviews dozens of analyst reports each morning to find new trading and investing ideas for its readers. Some analyst reports cover stocks to buy, and other analyst calls cover stocks to sell or stocks to avoid.
These are this Friday’s top analyst upgrades, downgrades, and initiations.
Broadcom Corp. (NASDAQ: BRCM) was downgraded to Perform from Outperform at Oppenheimer. Topeka Capital Markets maintained its Hold rating but cut the target to $55 in its call. Ladenburg downgraded it to Neutral from Buy with a $55 price target. This is after the IRS declined to assure Avago that this would be a tax-free acquisition.
CenturyLink, Inc. (NYSE: CTL) was raised to Hold from Underperform at Jefferies, but the firm cut the price target down to $26 from $30. At $28.16, CenturyLink has a $35.25 consensus analyst price target and a 52-week range of $27.50 to $41.99.
GoPro, Inc. (NASDAQ: GPRO) was raised to Buy from Neutral with a $90 price target (versus $61.69 close) at Citigroup. GoPro has a consensus analyst price target of $74.46 and a 52-week range of $37.13 to $98.47. The median is a tad lower than the mean at $72.00, and the highest analyst price target is $105 here.
Linn Energy LLC (NASDAQ: LINE) was downgraded to Underperform from Neutral at Credit Suisse and was downgraded to Underweight from Neutral at JPMorgan. This was after a 26% drop to $4.76 after earnings and suspending the distribution.
Stratasys Ltd. (NASDAQ: SSYS) was slammed down by over 10% to $32.67 and shares hit a 52-week low of $30.25 after its warnings. Still Piper Jaffray decided that this was enough – it raised the rating to Overweight from Neutral with a $39 price target. UBS threw in the towel, downgrading Stratasys to Sell from Neutral.
Whiting Petroleum Corp. (NYSE: WLL) was started as Buy with a whopping $40 price target at Cantor Fitzgerald. Still, Guggenheim downgraded the rating to Neutral from Buy. Whiting fell 3.5% to $22.38 on Thursday and shares were indicated as $22.25 on Friday morning.
Other key analyst upgrades, downgrades, and initiations from this Thursday were seen in shares of the following companies: