Top Analyst Upgrades and Downgrades: AMD, Panera, SeaWorld, T-Mobile, Walgreens, 8Point3 and Many More
Stocks were indicated marginally higher on Thursday after a volatile Wednesday took away many of the market’s gains. The bull market is now more than eight years old, but investors keep proving that they will find a reason to buy all the market pullbacks. Investors are also still looking for new trading and investing ideas.
24/7 Wall St. reviews dozens of analyst research reports each day of the week in an effort to find new ideas for our readers. Some analyst reports cover stocks to buy, and some cover stocks to sell or to avoid
Color has been added on many of the following calls, and the consensus analyst price targets referenced are from Thomson Reuters. These are the top analyst upgrades, downgrades and initiations seen on Thursday, April 6, 2017:
Advanced Micro Devices Inc. (NASDAQ: AMD) was started with a Sell rating and assigned an $11 price target (versus a $14.17 prior close) at Goldman Sachs, and expanded AMD research details on this call are available. AMD shares were indicated down 3.6% at $13.65 on Thursday after the call. It has a 52-week trading range of $2.60 to $15.55 and a consensus analyst target price of $12.25.
Panera Bread Co. (NASDAQ: PNRA) was up 14% to $312.94 after news of its acquisition, and analysts are telling their clients to take their money off the table. Downgrades have been seen from the likes of RBC Capital Markets, BTIG and Telsey Advisory. Panera had a 52-week range of $185.69 to $313.41 and a consensus target price of $288.37.
SeaWorld Entertainment Inc. (NYSE: SEAS) was started as Sell and assigned a $16 price target (versus a $17.94 prior close) at Goldman Sachs. The 52-week range is $11.77 to $21.85, and the consensus price target is $19.33.
T-Mobile US Inc. (NASDAQ: TMUS) was downgraded to Hold from Buy at Deutsche Bank. Shares closed at $63.50 on Wednesday, and the 52-week range is $38.31 to $65.41. T-Mobile has a consensus price target of $67.65.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) was down 1.6% at $81.17 on Wednesday after earnings and after continuing to keep its Rite Aid acquisition alive. Jefferies is reiterating its Buy rating and keeping its $95 price target, noting that the overhang from the Rite Aid deal should be resolved in the next three to four months.
8Point3 Energy Partners L.P. (NASDAQ: CAFD) was last indicated down 15% at $11.20 after earnings and on news that First Solar wants out of its obligation to the yieldco drop-down. 8Point3 was downgraded to Market Perform from Outperform at Wells Fargo. Janney downgraded it to Neutral as well. We have expanded solar research downgrade coverage available.
Other key analyst calls were seen in the following: