Stocks were indicated lower on Friday after Thursday’s sell-off. While December and 2015 have proven to be quite choppy, the reality is that investors have bought every single large pullback. The reasons for buying may be different each time, but the outcome has been the same.
24/7 Wall St. reviews dozens of analyst reports each day of the week to find new investing and trading ideas for our readers. Some of these analyst reports cover stocks to buy. Other analyst reports cover stocks to sell or avoid. These are this Friday’s top analyst upgrades, downgrades and initiations.
Boeing Co. (NYSE: BA) was downgraded to Market Perform from Outperform at Wells Fargo. Boeing closed down 1.7% at $145.56 on Thursday. It has a consensus analyst price target of $163.47 and a 52-week trading range of $115.14 to $158.83.
CVS Health Corp. (NYSE: CVS) was initiated as Overweight with a $110.00 price target at Barclays. This is just a day after Goldman Sachs downgraded CVS to Neutral from Buy and lowered its price target to $106.00 from $113.00.
E.I. du Pont de Nemours and Co. (NYSE: DD) was raised to Buy from Neutral at Bank of America Merrill Lynch. DuPont closed at $65.23, and it has a consensus price target of $69.81 and a 52-week range of $47.11 to $76.59.
Fitbit Inc. (NYSE: FIT) was started as Buy with a $38.00 price target (versus a $27.81 close) at Mizuho Securities. Fitbit has a consensus price target of $49.19 and a 52-week range of $26.46 to $51.90.
LifeLock Inc. (NYSE: LOCK) was initiated with a Buy rating and assigned a $17.00 price target (versus a $13.99 close) at Needham. LifeLock has a consensus price target of $18.25 and a 52-week range of $7.18 to $19.15.
Microsoft Corp. (NASDAQ: MSFT) was raised to Neutral from Sell at Goldman Sachs. Microsoft closed down 0.8% at $55.70 on Thursday, has a consensus price target of $56.61 and has a 52-week range of $39.72 to $56.79.
NXP Semiconductors N.V. (NASDAQ: NXPI) was reiterated as Buy with a $120 price target at Canaccord Genuity. The firm even said that NXP remains its top large-cap pick for 2016, and it introduced its merged NXP/Freescale earnings model. NXP Semiconductor closed at $84.58, has a consensus price target of $106.29 and has a 52-week range of $72.05 to $114.00.
Red Hat Inc. (NYSE: RHT) was given positive analyst reports after beating earnings. Red Hat’s price target was raised to $95 at RBC, to $97 at Stifel and to $98 at Needham.
Under Armour Inc. (NYSE: UA) started as Buy with a $95.00 price target at Mizuho Securities. The stock closed down 2.2% at $81.27, and it has a consensus price target of $106.32 and a 52-week range of $63.77 to $105.89.
Williams Companies Inc. (NYSE: WMB) was raised to Buy from Hold at Jefferies, and the firm’s price target was raised to $43.00 (versus a $23.70 prior close). The consensus price target is just over $43.00 and the 52-week range is $23.57 to $61.38.
Other key analyst upgrades, downgrades and initiations this Friday were in the following: