Top Analyst Upgrades and Downgrades: Apple, Brocade, Clean Harbors, Eldorado Gold, Exxon Mobil, First Solar, Home Depot, Vipshop and More

Investing

Published: May 18, 2016 8:55 am

Last Updated: January 13, 2020 7:54 am

Stocks were indicated lower on Wednesday, but not anywhere close to the large drop seen on Tuesday. Despite ups and downs, investors have proven over and over that they are looking for opportunities and that they are more than willing to buy the big market dips.

24/7 Wall St. reviews dozens of analyst research reports each morning of the week. Our goal is to find new investing and trading ideas for our readers. Some of these analyst reports cover stocks to buy, and other reports feature stocks to sell or avoid.

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

Apple Inc. (NASDAQ: AAPL) was reiterated as Outperform with a $150 price target (versus a $93.49 prior close) at Credit Suisse. Two mix shifts will drive upside — new memory options will be in the iPhone 7, and they retain the average sale prices and gross margin estimates for 2016 and 2017. Apple’s consensus analyst price target has drifted lower to $126.25, and the stock has a 52-week trading range of $89.47 to $132.97. Here are 11 crucial considerations about Warren Buffett taking a stake.

Brocade Communications Systems Inc. (NASDAQ: BRCD) was started with a Buy rating and was assigned a $10 price objective (versus an $8.01 close) at Merrill Lynch. Brocade has a consensus price target of $9.79 and a 52-week range of $7.40 to $12.88.