Investing
Top Analyst Upgrades and Downgrades: Amazon, Brocade, Garmin, IBM, Nabors, Peabody Energy, Red Hat, Shopify, Urban Outfitters and More
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Stocks were indicated higher again on Thursday, with the markets trying to make for the first four-day rally of 2016. Is it possible that the trend of 2011 to 2015 is back, wherein investors decide to buy all the dips? Or will selling into rallies resume at the next hint of bad news?
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 other reports cover stocks to sell or avoid.
These are the top analyst upgrades, downgrades and initiations seen on Thursday, February 18, 2016.
Amazon.com Inc. (NASDAQ: AMZN) was raised to Buy from Hold and the price target was raised to $750 from $600 at Canaccord Genuity. Shares closed up 2.5% at $534.10 on Wednesday and were indicated up 1% at $540.00 or so early Thursday. The consensus analyst target is $738.10 and the 52-week trading range is $365.65 to $696.44.
Brocade Communications Systems Inc. (NASDAQ: BRCD) was raised to Buy from Hold with a $10.50 price target (versus an $8.52 prior close, after a 3% gain) at Wunderlich. Brocade has a consensus analyst target of $10.23 and a 52-week range of $7.40 to $12.96.
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