Top Analyst Upgrades and Downgrades: Applied Materials, Best Buy, Nokia, CSC, HPE, Monsanto, Noble Energy, Western Digital and More

Investing

Published: May 25, 2016 8:55 am

Last Updated: January 13, 2020 7:36 am

Stocks were indicated higher on Wednesday morning, after a strong housing number took the Dow Jones Industrial Average up 213 points to 17,706 on Tuesday. Even with the notion of “sell in May and go away,” investors have proven that they are looking for opportunities and will buy the big market dips.

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

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

Applied Materials Inc. (NASDAQ: AMAT) was raised to Buy from Hold at Citigroup. Shares closed at $23.49 after being one of five tech stocks that keep rising after earnings. Applied Materials has a consensus analyst price target of $25.48 and a 52-week range of $14.25 to $23.49 (the high was hit on Tuesday).

Best Buy Co. Inc. (NYSE: BBY) was downgraded to Hold from Buy and the price target was cut to $32 from $38 (after falling 7.5% to $30.54) at Deutsche Bank. The consensus price target is $33.78, and the 52-week range is $25.31 to $39.10.