Stocks were indicated to open marginally lower on Thursday. This is on the heels of Wednesday’s confirmation by Janet Yellen that the Federal Reserve would start selling down its $4.5 trillion balance sheet slowly over many years. Now S&P has downgraded China’s official credit rating, and that may weigh on the minds of emerging markets that are so heavily influenced by China. Investors need to keep in mind that the major stock indexes have all hit fresh all-time highs this week. They also should consider that the winning bull market theme has been that investors keep finding new reasons to buy stocks after every sell-off. Those same investors are looking for new investing and trading ideas to generate gains and income.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new investing and trading ideas for our readers. Some of the top analyst reports cover stocks to buy. Others cover stocks to sell or to avoid.
Additional color and commentary has been added on some of the more pertinent and visible daily analyst calls. The consensus analyst price target data are from the Thomson Reuters sell-side research service.
These were the top analyst upgrades, downgrades and other research calls from Thursday, September 21, 2017.
Advanced Micro Devices Inc. (NASDAQ: AMD) was reiterated as Buy with a $19 price target (versus a $13.74 prior close) at Jefferies. AMD has had three reports supporting the Jefferies thesis that it can take market share in x86 MPUs and sees a tectonic shift taking place, all keeping AMD as a top pick of the firm. Its shares have a 52-week trading range of $6.22 to $15.65 and a consensus analyst price target of $14.23.
Biogen Inc. (NASDAQ: BIIB) has seen more positive research calls of late, but on Thursday it was downgraded to Market Perform from Strong Buy at Raymond James. Biogen closed at $319.00 and its shares have a 52-week range of $244.28 to $330 and a consensus target price of $333.02.
Capital One Financial Corp. (NYSE: COF) was started with an Underweight rating and assigned an $81 price target (versus an $81.80 close) at Piper Jaffray. Capital One has a 52-week range of $69.49 to $96.92 and a consensus price target of $93.84.
Intuit Inc. (NASDAQ: INTU) was started with an Outperform rating and assigned a $163 price target (versus a $144.97 close) at Wells Fargo. Intuit has a 52-week range of $103.22 to $146.04 and a consensus price target of $135.53.
Jinko Solar Holding Co., Ltd. (NYSE: JKS) was started with a Sell rating and assigned a $26 price target at Axiom Capital. Shares closed down 5.1% at $26.29 on Wednesday and were indicated to open down another 3% at $25.50 on Thursday. The 52-week range is $12.72 to $30.50, and the consensus target price was $18.60.
Micron Technology Inc. (NASDAQ: MU) was reiterated as Buy and the price target was raised to $46 from $40 (versus a $35.97 close) at Loop Capital. Micron has a 52-week range of $16.17 to $36.60 and a consensus price target of $44.46.
24/7 Wall St. just identified 15 stocks and entities with dividend and distribution yields of 10% and higher where analysts continue to see upside ahead.
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Other key analyst upgrades and downgrades were seen in the following: