Stocks were indicated higher after several OPEC nations reportedly have agreed to freeze their oil production (but not cut production). 24/7 Wall St. reviews dozens of analyst reports each day to find new investing and trading ideas for its readers. Some of these analyst reports cover stocks to buy, while other reports cover stocks to sell or avoid.
These are the top analyst upgrades, downgrades and initiations seen on Tuesday, February 16, 2016.
Broadcom Ltd. (NASDAQ: AVGO), formerly Avago Technologies, was started as Outperform with a $160 price target (versus a $121.66 prior close) at Credit Suisse.
Dollar General Corp. (NYSE: DG) was raised to Overweight from Equal Weight and the price target was raised to $95 from $80 (versus a $70.46 close) at Morgan Stanley.
Goldman Sachs Group Inc. (NYSE: GS) was raised to Overweight from Underweight and the price target was raised to $180 from $170 (versus a $146.13 close) at JPMorgan. The consensus price target is $195.38, and the 52-week range is $139.05 to $218.77.
Peabody Energy Corp. (NYSE: BTU) was downgraded to Underweight from Hold at BB&T Capital Markets, but shares closed at only $2.43 on Friday. It has a consensus target of about $6.24 and a split-adjusted 52-week range of $2.15 to $120.30.
Qualcomm Inc. (NASDAQ: QCOM) was raised to Outperform from Market Perform at Sanford Bernstein. Shares closed at $44.56, up 3.6% and they have a consensus analyst target of $57.46 and a 52-week range of $42.24 to $74.09.
SunEdison Inc. (NYSE: SUNE) was downgraded to Neutral from Buy with a price target of $2.50 at Bank of America Merrill Lynch. The stock was down 30% at $1.41 on Friday, with a consensus price target of $12.00 and a 52-week range of $1.37 to $33.45.
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Other key analyst upgrades, downgrades and initiations seen on Tuesday included the following: