Top Analyst Upgrades and Downgrades: Ford, Intel, NVIDIA, Starbucks, Teva, Twitter, Wal-Mart and Many More
Stocks were indicated marginally higher on Friday morning on what seems to be a very light news day. The Dow is still above 20,000 and the S&P 500 has gone above the 2,300 level. Even though the bull market in nearly eight years old, investors have managed to find new reasons to buy every sell-off. Those same investors are also looking for new and overlooked opportunities. And there is still a path for DJIA 21,422 later in 2017 or in early 2018.
24/7 Wall St. reviews dozens of analyst reports each day of the week. The goal is to find new investing and trading ideas for our readers. Some analyst reports cover stocks to buy, while other reports cover stocks to sell or avoid. Most of the analyst calls with expanded coverage include some color on prices and the consensus analyst price targets are from Thomson Reuters.
These are the top analyst upgrades, downgrades and initiations seen on Friday, February 10, 2017:
Ford Motor Co. (NYSE: F) was raised to Hold from Sell and the price target was raised to $12 from $10 (versus a $12.38 prior close) at Jefferies. The firm believes the bad news in Ford has been more than dissected in the past six months and is now sufficiently priced into the shares. Ford has a 52-week trading range of $11.07 to $14.22 and a consensus analyst price target of $13.19.
Intel Corp. (NASDAQ: INTC) was downgraded to Hold from Buy and the price target was cut to $38 from $43 at Canaccord Genuity. Intel closed down 2.5% at $35.46 on Thursday and was indicated down 0.3% at $35.35 on Friday. Intel’s 52-week range is $28.14 to $38.45, and it has a consensus price target of $41.15.
NVIDIA Corp. (NASDAQ: NVDA) was down 1.9% at $116.38 ahead of earnings and was last seen indicated up almost 3% at $119.70 after the earnings reaction. The 52-week range is $24.75 to $120.92. Jefferies reiterated its Buy rating and raised its target price to $140 from $125.
Starbucks Corp. (NASDAQ: SBUX) was downgraded to Hold from Buy at Argus. While most downgrades seen have been on valuation, the Starbucks call from Argus was based on a weaker sales outlook. Shares closed up 1% at $55.81 on Thursday and were indicated down 0.5% at $55.50 on Friday. Starbucks has a 52-week range of $50.84 to $61.64 and a consensus price target of $64.56.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was downgraded to Underperform from Neutral and the price target was slashed to $27 from $40 (versus a $32.25 close) at Mizuho. Teva has a 52-week range of $31.90 to $59.35, and the consensus target price was $42.70.
Twitter Inc. (NYSE: TWTR) closed down 12.3% at $16.41 on more than 100 million shares after earnings showed that the user metric growth just is not coming. Twitter was downgraded to Hold from Buy at Deutsche Bank. It was cut to Underweight from Neutral at Atlantic Equities and to Sell from Neutral at UBS. And it was cut to Sell from Hold at Loop Capital and to Sell from Neutral at Citigroup. Twitter has a 52-week range of $13.73 to $25.25.
Wal-Mart Stores Inc. (NYSE: WMT) was started as Positive with an $80 price target at Susquehanna. Wal-Mart has a 52-week range of $62.35 to $75.19 and a consensus price target of $74.04.
Dividend investors note that four high-dividend and distribution payers rated as Buy at Merrill Lynch have yields of 8% and higher.
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Other key analyst calls were seen in the following: