Top Analyst Upgrades and Downgrades: AMAG, Devon Energy, eBay, Freshpet, Range Resources, Raytheon, SeaWorld, Zynga and More
Stocks were indicated lower on Thursday, but this week has shown yet again that investors will keep buying sell-offs. 24/7 Wall St. reviews dozens of analyst research reports each day to find new ideas for its readers. Some analyst reports cover stocks to buy, while other calls cover stocks to sell or avoid.
These are this Thursday’s top analyst upgrades, downgrades and initiations.
AMAG Pharmaceuticals Inc. (NASDAQ: AMAG) was reiterated as Buy with a $70 price target (versus a $28.95 prior close) at Jefferies. The firm says that AMAG is well positioned for upside after resolving temporary disruption from sales integration.
Amdocs Ltd. (NASDAQ: DOX) was downgraded to Equal Weight from Overweight with a $60 price target (versus a $55.56 close) at Barclays.
Angie’s List Inc. (NASDAQ: ANGI) got a formal buyout offer, and now Raymond James has raised its rating to Market Perform from Underperform.
CorMedix Inc. (NASDAQ: CRMD) was started with a Buy rating and a $6.50 price target at Rodman & Renshaw.
Devon Energy Corp. (NYSE: DVN) was raised to Buy from Neutral with a $57 price target (versus a $45.62 close) at Guggenheim.
eBay Inc. (NASDAQ: EBAY) was reiterated as Buy with a $33 price target (with a $28.95 close) at Argus. eBay’s consensus price target is $29.98, and it has a 52-week trading range of $22.11 to $29.69.
Freshpet Inc. (NASDAQ: FRPT) was downgraded to Neutral from Outperform and the price target was slashed to $9 from $19 (versus a $8.37 close), based on margin and EBITDA being lower than expected. Shares were last seen down 22% at $6.50, under its low of $8.06.
Hanover Insurance Group Inc. (NYSE: THG) was downgraded to Neutral from Overweight and the price target was cut to $87 from $91 (versus a $86.58 close) at Piper Jaffray.
Intuitive Surgical Inc. (NASDAQ: ISRG) was started as Buy with a $601 price target (versus a $498.61 close) at Citigroup.
Kayne Anderson Energy Development Co. (NYSE: KED) was downgraded to Hold from Buy at Stifel.
Magic Software Enterprises Ltd. (NASDAQ: MGIC) was raised to Overweight from Equal Weight with an $8.00 price target (versus a $5.70 close) at Barclays.
Medgenics Inc. (NYSEMKT: MDGN) was started as Buy with a $12.00 price target (versus a $7.19 close) at Needham.
Qiagen N.V. (NASDAQ: QGEN) was started as Hold at Stifel.
Quanta Services Inc. (NYSE: PWR) was downgraded to Neutral from Outperform with a $24 price target (versus a $21.65 close) at R.W. Baird.
Range Resources Corp. (NYSE: RRC) was raised to Outperform from Sector Perform with a $47.00 price target (versus a $30.03 close) at RBC Capital Markets.
Raytheon Co. (NYSE: RTN) was raised to Buy from Hold with price target of $135 at Argus.
SeaWorld Entertainment Inc. (NYSE: SEAS) was downgraded to Underperform from Neutral with a $19 price target (versus a $18.08 close) at Bank of America Merrill Lynch.
Stryker Corp. (NYSE: SYK) was started with a Sell rating and an $88 price target (versus a $97.63 close) at Citigroup.
VF Corp. (NYSE: VFC) was downgraded to Underperform from Neutral with a $57 price target (versus a $65.69 close) at Sterne Agee CRT.
VOXX International Corp. (NASDAQ: VOXX) was started with an Outperform rating and was given a $9 price target (versus a $5.21 close) at Oppenheimer.
Zimmer Biomet Holdings Inc. (NYSE: ZBH) was started with a Sell rating and a $92.00 price target (versus a $106.63 close) at Citigroup.
Zynga Inc. (NASDAQ: ZNGA) was started with a Perform rating at Oppenheimer.
In case you missed Wednesday’s top analyst upgrades and downgrades, the included Aegerion, Amazon, EMC, McDonald’s, MetLife, Microsoft, SanDisk, Tyco and over a dozen more companies.