Investing
Top Analyst Upgrades and Downgrades: Activision Blizzard, Berkshire Hathaway, FireEye, Immunomedics, Square, SunPower, Weatherford, Williams and Yelp
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Stocks were indicated lower on Friday as payrolls came in soft on Friday’s key employment report. The Dow is still down about 500 points from the April highs, and investors are debating whether they should be buying dips and pullbacks or resume the early 2016 trend of selling into rallies. Another consideration is that the S&P 500 is valued at over 17.6 times forward 12-month earnings.
24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas. 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 Friday morning:
Activision Blizzard Inc. (NASDAQ: ATVI) handily beat earnings expectations, and shares were up 6% at $37.00 on Friday morning. Jefferies reiterated a Buy rating and $45 target, calling it a franchise pick as the Overwatch effort is a catalyst. Shares closed most recently at $34.91. The consensus analyst price target is $38.43, and the 52-week trading range is $24.04 to $39.93.
Berkshire Hathaway Inc. (NYSE: BRK-B) was started as Buy at UBS for the B-shares, with a $163 target (versus a $143.88 close). 24/7 Wall St. would caution that this is a catch-up call as UBS had already initiated coverage with a Buy on the A-shares over a month ago. As a reminder for the Warren Buffett watchers, Berkshire Hathaway rarely gets analyst coverage. Berkshire Hathaway has a 52-week range of $123.55 to $148.57 on its B-shares.
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