Top Analyst Upgrades and Downgrades: Cerner, Intel, Peabody Energy, Rackspace, Weyerhaeuser, Whole Foods and More

Investing

Published: February 17, 2016 8:55 am

Last Updated: January 13, 2020 1:06 pm

Stocks were indicated higher again on Wednesday, which might make for a three-day rally. Is it possible that investors are wanting to rejoin their prior four-year trend of buying pullbacks? In 2016, at least so far, investors have used rallies to sell into.

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

These are the top analyst upgrades, downgrades and initiations seen on Wednesday, February 17, 2016.

Cerner Corp. (NASDAQ: CERN) reported inline earnings but bookings appear to be a tad light on contract slips, and shares were indicated down 12.5% at $48.55. Jefferies maintained its Buy rating but cut the price target from $76.00 to $68.00. Evercore ISI downgraded it to Hold from Buy and cut the price target to $52 from $68.

Intel Corp. (NASDAQ: INTC) was maintained as Sector Perform but the price target was lowered to $31 from $33 at RBC Capital Markets. Intel closed at $28.78, has a consensus analyst target of $36.24 and has a 52-week trading range of $24.87 to $35.59.

Peabody Energy Corp. (NYSE: BTU) was downgraded to Neutral from Buy at Sterne Agee CRT. This is a day after BB&T downgraded Peabody as well, and shares were down almost 5% to $2.31 on Tuesday.