Top Analyst Upgrades and Downgrades: Cablevision, Chipotle, Flextronics, GoPro, Nabors, Ocwen, Pier 1, Staples and Many More

Investing

Published: December 11, 2015 9:10 am

Last Updated: January 13, 2020 4:12 pm

Stocks were getting pounded lower in the early hours of Friday, making for a bad week for the stock market ahead of the holidays. The trend that investors have followed is to buy the pullbacks, which has been seen over and over, and for myriad reasons each time, over the past four years. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new investing and trading ideas for our readers. Some of the daily analyst reports cover stocks to buy, and others cover stocks to sell or avoid.

These are this Friday’s top analyst upgrades, downgrades and initiations.

Cablevision Systems Corp. (NYSE: CVC) was raised to Overweight from Neutral with a $35 price target (versus a $29.86 prior close and a $33.34 consensus analyst target) at JPMorgan. Cablevision has a 52-week trading range of $17.66 to $33.28.

Chipotle Mexican Grill Inc. (NYSE: CMG) was downgraded to Hold from Buy at Argus after the drop due to contamination spreading. Chipotle shares rose 5% to $575.43 on Thursday and were indicated down 2% at $562.00 on Friday. Chipotle’s consensus analyst target price is now down to $579.50.

Flextronics International Ltd. (NASDAQ: FLEX) was raised to Buy from Neutral at Citigroup. Flextronics closed at $10.80, has a consensus analyst price target of $13.44 and has a 52-week range of $9.55 to $12.86.

GoPro Inc. (NASDAQ: GPRO) was downgraded to Neutral from Buy at Citigroup. GoPro shares rose 11.5% to $18.83, and they were indicated down 2% at $18.45 on Friday. The consensus price target is still up around $37.00, and the 52-week range is $16.77 to $69.75.