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Top Analyst Upgrades and Downgrades: Apple, BofA, BP, First Solar, Fitbit, Seagate, SunEdison, Western Digital and Many More

Stocks gave up their gains on Wednesday to close in the red, and shares are indicated lower Thursday morning. We still see investors wanting to buy value when the dips come, a trend that is four years in the making. The difference this time is that the Dow and S&P 500 finally sold off more than 10% before buyers surfaced.

24/7 Wall St. reviews dozens of analyst research reports each day to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while other calls cover stocks to sell or avoid. These are this Thursday’s top analyst upgrades, downgrades and initiations.

Apple Inc. (NASDAQ: AAPL) was reiterated as Buy with a $155 price target at Canaccord Genuity, with praise over new products strengthening Apple’s ecosystem. Credit Suisse reiterated its Outperform rating and $145 price target, noting that Apple’s new releases point to continued innovation in hardware, software and services.

Bank of America Corp. (NYSE: BAC) was raised to Outperform from Market Perform at Wells Fargo. It has a consensus analyst target price of $15.90 and a 52-week trading range of $14.60 to $18.48.

BP PLC (NYSE: BP) was raised to Outperform from Market Perform at Bernstein. The stock closed down 1.6% at $30.90 in New York on Wednesday, within a 52-week range of $30.53 to $46.91.

First Solar Inc. (NASDAQ: FSLR) was started as Buy with a fair value target of $77 at Janney Capital Markets. Just a day earlier, Oppenheimer initiated it with an Outperform rating and a $61 price target.

Fitbit Inc. (NYSE: FIT) was started as Market Perform with a price target of $38.00 (versus a $35.95 prior close) at Cowen. It was just two days earlier that Fitbit was raised to Overweight from Equal Weight with a $58.00 price target at Morgan Stanley.

Seagate Technology PLC (NASDAQ: STX) was started as Sell with a $38.00 price target (versus a $50.10 close) at UBS. Seagate has a consensus target price of $57.28 and a 52-week range of $44.46 to $69.40.

SunEdison Inc. (NYSE: SUNE) was started as Buy with a fair value target of $23.00 (versus a $11.96 close) at Janney Capital Markets. SunEdison has a 52-week range of $8.10 to $33.45 and a consensus price target of $27.64. A day earlier, Oppenheimer initiated SunEdison with an Outperform rating and an $18 price target.

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Western Digital Corp. (NASDAQ: WDC) was started as Sell with a $71 price target (versus a $82.40 close) at UBS. Western Digital has a consensus price target of $101.79 and a 52-week range of $74.44 to $114.69.

Additional key analyst upgrades and downgrades were seen Thursday in the following: