Top Analyst Upgrades and Downgrades: AMD, Amazon, Celgene, Comerica, Fortinet, Gilead, Lennar, Netflix, Voya, Wayfair and Many More

Investing

Published: January 20, 2016 8:55 am

Last Updated: January 13, 2020 2:50 pm

Stocks were getting bruised on Wednesday with overseas pressure and oil sending Dow (-250) and S&P (-29) futures down yet again. Investors have to be thinking that 2016 is becoming the year of the sucker’s rally now that the 10% drop has been breached, but they have a history of more than four years of successfully buying every stock market pullback.

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

We recently ran a downside projection using the most bearish analyst targets on Wall Street, and several fresh price targets lowered that DJIA downside to 14,961 from 15,076 for what may be a potential floor versus the old prior bullish upside target for Dow 19,700.

These are this Wednesday’s top analyst calls.

Advanced Micro Devices Inc. (NASDAQ: AMD) fell after earnings guidance, but Jefferies maintained its Buy rating and $3.50 price target. Canaccord Genuity maintained its Hold rating and a $2.40 price target. AMD closed most recently down 3.9% at $1.95, but shares were indicated down 6% or so at $1.83 early Wednesday.

Amazon.com Inc. (NASDAQ: AMZN) was reiterated as Outperform with an $800 price target (versus a $574.48 prior close) at Credit Suisse. This is actually an update to a pretty recent call talking up Amazon Web Services. Amazon has a consensus analyst target of $746.67 and a 52-week trading range of $287.26 to $696.44.

Celgene Corp. (NASDAQ: CELG) was started as Outperform with a $149.00 price target (versus a $102.99 close) at Credit Suisse. Celgene was called its best in class for near-term and long-term growth.