Stocks were indicated surprisingly higher after international markets recovered more than might have been expected. The trend that has been static for 4 years now is that investors want to buy stocks on weakness and pullbacks. 24/7 Wall St. reviews dozens of analyst reports each day of the week in order to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, while other calls cover stocks to sell or stock to avoid.
These are this Wednesday’s top analyst upgrades, downgrades and initiations.
American Express Co. (NYSE: AXP) was started as Neutral and the former $76 price target was now put at $81.00 (versus $71.63 close) at Piper Jaffray. AmEx has a consensus analyst price target of $81.24 and a 52-week range of $70.21 to $94.89.
Carnival Corporation (NYSE: CCL) was started as Buy with a $60.00 price target (versus $50.39 close) at HSBC Securities. Carnival has a consensus analyst price target of $57.29 and a 52-week range of $41.85 to $54.59.
eBay Inc. (NASDAQ: EBAY) was maintained as Buy but was removed from the prized Conviction Buy list at Goldman Sachs, although the price target was raised to $33.00 from $30.00 (versus $29.00 close).
HP Inc. (NYSE: HPQ) was maintained as Buy with a $16 price target (versus $14.64 close) at Jefferies, based on low valuations after keeping free cash flow targets despite a slight guide-down in printing.
IAMGOLD Corp. (NYSE: IAG) was started as Underperform with a $1.35 price target (versus $1.52 close) at Morgan Stanley. IAMGOLD has a consensus price target of $2.06 and a 52-week range of $1.15 to $3.39.
Pfizer Inc. (NYSE: PFE) was raised to Neutral from Reduce at SunTrust Robinson Humphrey. Pfizer closed at $31.97, has a consensus analyst price target of $40.27 and has a 52-week range of $28.47 to $36.46.
Tech Data Corp. (NASDAQ: TECD) was raised to Market Perform from Underperform at Raymond James. Tech Data closed at $68.09, has a consensus analyst price target of $67.00 and has a 52-week range of $52.93 to $79.06.
Other key analyst upgrades and downgrades seen in major companies this Wednesday were as follows: