Top Analyst Upgrades and Downgrades: Avago, BlackBerry, Ciena, First Solar, Nabors, Rackspace, SunPower, Tiffany, Yelp and Many More

Investing

Published: December 21, 2015 8:35 am

Last Updated: January 13, 2020 3:52 pm

Stocks were pounded lower on Friday but were indicated up marginally Monday morning as bargain hunters are looking for oversold opportunities. While 2015 and the year-end trading have both proven to be quite choppy, the fiscal reality is that investors have bought every single market pullback in the past four years. 24/7 Wall St. reviews dozens of analyst research reports each day of the week. The aim is to find new investing and trading ideas for our readers. Some analyst reports cover stocks to buy. Other such reports cover stocks to sell or avoid.

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

Avago Technologies Ltd. (NASDAQ: AVGO) was maintained as Outperform but was added to the Top Picks List and the price target was raised to $170.00 from $155.00 at RBC Capital Markets. Avago has a consensus analyst price target of $172.46 and a 52-week trading range of $95.18 to $150.50.

BlackBerry Ltd. (NASDAQ: BBRY) was started as Neutral at JPMorgan, and the firm’s $9.00 price target is versus an $8.61 prior close. BlackBerry has a consensus price target of $7.49 and has a 52-week range of $5.96 to $12.63.

Ciena Corp. (NASDAQ: CIEN) was raised to Buy from Hold at Jefferies, and the price target was raised to $25.00 from $22.50 (versus a $19.80 prior close). The firm likes the risk/reward on Ciena shares and sees this as a valuation call, given that the stock has traded down to 11.4 times its calendar 2017 EPS estimate.