Top Analyst Upgrades and Downgrades: Broadcom, Dollar General, Goldman Sachs, Peabody Energy, Qualcomm, SunEdison and More
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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: