Top Analyst Upgrades and Downgrades: Apple, Alcoa, Aetna, Barracuda, GoPro, Pulte, United Tech and Many More

Investing

Published: January 8, 2016 9:05 am

Last Updated: January 13, 2020 3:16 pm

Stocks actually were stabilizing on Friday on the heels of the worst four-day start for the markets in our lifetime. China stabilized, at least for a day, and we saw a stronger than expected payrolls report. The one trend that prevailed for more than four years was that investors bought every market pullback.

24/7 Wall St. reviews dozens of analyst research reports each morning to find new investing and trading ideas for its readers. Some of the daily analyst reports cover stocks to buy, while others cover stocks to sell or avoid.

These are the top analyst calls for Friday, January 8, 2016.

Apple Inc. (NASDAQ: AAPL) is getting more of those price target cuts that readers were warned about last month. Cowen has a Market Perform rating but cut its target to $125 from $130. Canaccord Genuity has a Buy rating but cut its target price down to $146 from $160.

Alcoa Inc. (NYSE: AA) was raised to Outperform from Neutral at Macquarie, now that shares have gone so low. After closing at $8.27, Alcoa has a consensus analyst target price of $11.38 and a 52-week trading range of $7.81 to $17.10.

Aetna Inc. (NYSE: AET) was downgraded to Hold from Buy at Jefferies, and the firm’s price target was lowered from $135.00 to $122.00 in the call, with lower earnings estimates as well.