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Top Analyst Upgrades and Downgrades After Brexit: Accenture, AT&T, BlackBerry, T-Mobile, Weatherford, Dick's and Many More
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The markets were given a massive blow on Friday morning as Britain unexpectedly voted to leave the European Union. This created major drops in Europe and the dollar strength was massive on the Brexit news. Dow futures were indicated down 500 points and the S&P 500 futures were indicated down 75 points. This may be hard to hear after a week of rallying ahead of the vote, but it is important to remember that U.S. investors have found every reason under the sun to buy after periods of weakness and in sell-offs.
24/7 Wall St. reviews dozens of analyst research reports each day of the week. The goal is to find new investing ideas and trading ideas for our readers. Some analyst reports cover stocks to buy, while other analyst reports feature stocks to sell or stocks to avoid.
These are the top analyst upgrades, downgrades and initiations seen from this Friday morning:
Accenture plc (NYSE: ACN) was downgraded to Neutral from Outperform with a $120 price target at Credit Suisse. Accenture has a consensus analyst price target of $120.94 and has a 52-week range of $88.43 to $120.78.
AT&T Inc. (NYSE: T) was downgraded to Neutral from Buy at Buckingham Research. AT&T has a consensus analyst price target of $39.56 and has a 52-week range of $30.97 to $41.89.
BlackBerry Limited (NASDAQ: BBRY) was maintained as Sector Perform but the price target was cut to $7 from $8 (versus $7.00 close) at RBC Capital Markets. BlackBerry was indicated down 5% at $6.65, and it has a consensus analyst price target of $7.75 and a 52-week range of $5.96 to $9.46.
T-Mobile US, Inc. (NYSE: TMUS) was downgraded to Neutral from Buy and the price target was cut to $44.00 from $46.00 (versus $43.67 close) at Nomura Securities. T-Mobile has a consensus analyst target price of $47.21 and a 52-week range of $33.23 to $44.13.
Weatherford International PLC (NYSE: WFT) was started with an In-Line rating and was assigned a $7.00 price target (versus $6.29 close) at Imperial Capital. Weatherford has a consensus analyst target price of $7.72 and a 52-week range of $4.71 to $13.26.
Dick’s Sporting Goods (NYSE: DKS) was started with a Buy rating and was given a $50.00 price target (versus $40.79 close) at Stifel. Dick’s has a consensus analyst price target of $49.88 and has a 52-week range of $33.42 to $53.83.
Other key analyst upgrades and downgrades from this Friday were in shares of the following companies:
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