Stocks were indicated lower again on Wednesday, making the expected gains in December more in question ahead of an expected rate hike. The one trend that has lasted for over four years now is that investors have found many reasons to buy every single pullback. 24/7 Wall St. reviews dozens of analyst research reports each day. The goal is to find new investing and trading ideas for our readers. Some of the daily analyst reports cover stocks to buy, while others cover stocks to sell or avoid.
These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Agilent Technologies Inc. (NYSE: A) was raised to Outperform from Neutral at R.W. Baird and the price target was raised to $48 from $45. Agilent shares closed at $41.17. The consensus analyst price target is $44.34, and the 52-week trading range is $33.12 to $43.59.
Computer Sciences Corp. (NYSE: CSC) was raised to Buy at Jefferies with a $37 price target, on a post-split basis (versus a $30.46 prior close). Jefferies said that CSC thinks an inflection point could be near on weak revenue turnaround, with potential margin expansion and with a low valuation and management execution.
Intel Corp. (NASDAQ: INTC) was raised to Buy from Neutral with a price target of $42.00 (up from a prior target of $33.00) at Nomura Securities. Intel was called a survivor in this call.
Jabil Circuit Inc. (NYSE: JBL) was downgraded to Hold from Buy at Stifel, and the firm’s price target was removed.
Kinder Morgan Inc. (NYSE: KMI) did finally slash its dividend to reflect lower oil prices. Jefferies maintained its Hold rating. Credit Suisse maintained its Neutral rating and lowered its price target. RBC Capital Markets cut its rating to Sector Perform.
Nasdaq Inc. (NASDAQ: NDAQ) was started with an Outperform rating and a price target of $69.00 at RBC Capital Markets.
Square Inc. (NYSE: SQ) was started with a Neutral rating and a price target of $11.00 (versus a $12.12 close) at Susquehanna.
Yahoo! Inc. (NASDAQ: YHOO) was maintained as Buy with a $49 price target (versus a $34.85 close) at Jefferies on the heels of reports that the Alibaba stake spin-off is now not happening. FBR maintained its Outperform rating.
Other key analyst upgrades, downgrades and initiations seen on Wednesday were in the following: