Top Analyst Upgrades and Downgrades: Baidu, Enterprise Products, Kinder Morgan, Kinross Gold, Marketo, Office Depot, Staples, Disney, Williams and More

Investing

Published: May 11, 2016 9:05 am

Last Updated: January 13, 2020 9:34 am

Stocks were looking for direction on Wednesday morning. Investors may not be full of too much excitement, but they are not full of fear either. At this point investors still seem to be looking for opportunities ahead. Buying the dips has prevailed.

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 others cover stocks to sell or avoid.

These are the top analyst upgrades, downgrades and initiations seen on Wednesday morning:

Baidu Inc. (NASDAQ: BIDU) was maintained as Overweight but the price target was cut to $200 from $230 (versus a $166.21 prior close) at Morgan Stanley. Baidu’s consensus analyst price target is $212.29 and the 52-week trading range is $100.00 to $217.97.

Enterprise Products Partners L.P. (NYSE: EPD) was started as Outperform with a $33 price target (versus a $25.69 close) at Bernstein. This is considered one of the best master limited partnerships (MLPs) of them all. It has a consensus price target of $31.92 and a 52-week range of $19.00 to $34.56. Its distribution yield-equivalent is just over 6%.