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Top Analyst Upgrades and Downgrades: Avon products, Brocade, Emerge Energy, GameStop, Infoblox, Kinross Gold, Teladoc and Many More
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Stocks were indicated lower on Tuesday, but this was due to international tensions after Turkey blew a Russian fighter jet out of the sky. This will likely be a thinner volume and lower analyst coverage week after Tuesday due to the departures and absences around the Thanksgiving holiday. as a reminder — one trend that has been static for over 4 years now is that investors keep proving they want to buy stocks on weakness or on strength.
24/7 Wall St. reviews dozens of analyst reports each day of the week. The aim is to find new investing and trading ideas for its readers. Some of the analyst reports cover stocks to buy, while other calls cover stocks to sell or stock to avoid. These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Avon Products Inc. (NYSE: AVP) was raised to Buy from Neutral with a $5.00 price target (versus $2.85 close) at Citigroup. Avon had a consensus analyst price target of $4.52 and has a 52-week range of $2.41 to $10.20.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) was downgraded to Neutral from Overweight at JPMorgan. Brocade shares were lower by 8% at $9.25 after earnings and guidance disappointed. Brocade’s prior 52-week range was $9.67 to $12.96.
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Emerge Energy Services LP (NYSE: EMES) was raised to Hold from Sell at Stifel. Emerge rose 6.3% to $6.08 on Monday and it has a 52-week range of $3.78 to $82.45.
GameStop Corp. (NYSE: GME) was downgraded to Neutral from Buy with a 442 price objective (versus $37.61 close, after a 4.2% drop on Monday) at Bank of America Merrill Lynch. Oppenheimer downgraded GameStop to Perform from Outperform.
Infoblox Inc. (NYSE: BLOX) was downgraded to Sell from Hold and the price target was cut to $13 from $20 (versus $15.74 close, but it is indicated down 9% at $14.25 on Tuesday).
Kinross Gold Corp. (NYSE: KGC) was raised to Sector Perform from Underperform with a $2.50 price target (versus $1.75 close) at RBC Capital Markets. Kinross has a $2.52 consensus price target and a 52-week range of $1.35 to $3.71.
Teladoc, Inc. (NYSE: TDOC) was started as Outperform with a $31 price target (versus $19.28 close) at Oppenheimer. Teladoc has a post-IPO range of $15.32 to $35.42.
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Other key analyst upgrades and downgrades from this Tuesday were in shares of the following companies:
Entellus Medical, Inc. (NASDAQ: ENTL) was maintained as Buy with a $27.00 price target (versus $16.42 close) at Canaccord Genuity. The firm said that Entellus adds pediatric indication for XprESS Multi-Sinus Dilation system.
FMSA Holdings (FMSA) was raised to Hold from Underperform at Jefferies, and the price target was cut to $2.50 from $3.00 (versus a $2.30 close).
HTG Molecular Diagnostics (NASDAQ: HTGM) was maintained as Buy but the price target was cut to $10 from $12 at Canaccord Genuity. The firm said that HTG continues to execute on expanding test menu, and lung fusions are up next.
Navios Maritime Holdings Inc. (NYSE: NM) was downgraded to Hold from Buy at Stifel. Navios fell 6.2% at $1.37 on Monday.
Nimble Storage, Inc. (NYSE: NMBL) was Raised to Neutral from Underperform at D.A. Davidson.
PowerSecure International (NYSE: POWR) was started as Buy with a $17.00 price target at Canaccord Genuity. The company was said to be embodying entrepreneurship in energy tech.
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Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) was raised to Equal Weight from Underweight at Morgan Stanley, and the price target was set at $21.00 (from $14 and versus a $14.34 close). Schnitzer Steel shares were indicated up 4% at $14.90 in early trading.
Telecommunication Systems Inc. (NASDAQ: TSYS) was downgraded to Market Perform from Outperform at Northland Securities.
TransAlta Corp. (NYSE: TAC) was raised to Sector Perform from Underperform at RBC Capital Markets.
Webster Financial Corp. (NYSE: WBS) was raised to Overweight from Neutral at JPMorgan, and the price target was set at $45 (versus $38.69 close).
Wix.com Ltd. (NASDAQ: WIX) was started as Market Perform with a $28 price target (versus $24.67 close) at JMP Securities.
ALSO READ: Why GE Was Dropped From the Credit Suisse Focus List
If you missed out on Monday’s top analyst upgrades and downgrades, they were in shares of Blackstone, Chipotle, Constellation, KeyCorp, Pepsico, Phillips 66, SunEdison and over a dozen more.
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