Top Analyst Upgrades and Downgrades: Cisco, Dollar General, NetApp, Pandora, P&G, Target and More

Stocks were indicated to open handily higher on Thursday, after several consecutive days of selling pressure. Investors know this bull market is more than eight and a half years old, and they have also seen the dominating trend that they make money buying every major sell-off. Investors are also looking for new investing and trading ideas to generate gains and income ahead.

24/7 Wall St. reviews dozens of analyst research reports each day of the week. Our goal is to find new investing and trading ideas for our readers. Some of these analyst reports and research notes cover stocks to buy. Other reports cover stocks to sell or to avoid.

Additional color and commentary has been added on most of these daily analyst calls. Consensus analyst price target data and valuation metrics are from the Thomson Reuters sell-side research service.

These were the top analyst upgrades, downgrades and other research calls from Thursday, November 16, 2017.

Cisco Systems Inc. (NASDAQ: CSCO) was surging higher after earnings and deferred revenues were solid. Cisco closed at $34.11 ahead of earnings, and it was indicated up 6.4% at $36.30 on Thursday morning. Jefferies reiterated its Buy rating on Cisco and raised its target to $40 from $37. More reiterated ratings and price target hikes have been seen as follows: Barclays to $37 from $34, Bernstein to $40 from $38, BMO Capital Markets to $36 from $32, Citigroup to $40 from $36‍, KeyBanc to $39 from $33 and RBC to $40 from $36. What investors need to understand now is that Cisco is at highs not seen since the tech bubble burst in 2000 and 2001.

Dollar General Corp. (NYSE: DG) was raised to Buy from Hold and the price target was raised to $93 from $79 at Deutsche Bank. It has a 52-week trading range of $65.97 to $85.09 and a consensus analyst target price of $83.09.

NetApp Inc. (NASDAQ: NTAP) was last seen trading up 13.5% at $52.00 (above its prior high of $47.20) on Thursday morning after earnings. Many analysts have raised their target prices. Barclays raised its target to $56 from $52, while BMO raised its rating to Outperform from Market Perform and raised its target to $62 from $43. Citigroup raised its price target to $53 from $43; Deutsche Bank raised its target price to $37 from $27; Morgan Stanley raised its target price to $41 from $38; and RBC Capital Markets raised its price target to $53 from $50.

Pandora Media Inc. (NYSE: P) was raised to Outperform from Market Perform with a $7 price target (versus $a 4.93 prior close) at BMO Capital Markets. Pandora has a consensus target price of $8.80, and its 52-week range is $4.44 to $14.10.

Procter & Gamble Co. (NYSE: PG) was reiterated as Buy with a $99 price target (versus an $88.23 close) at Jefferies. This is after it appears that Nelson Peltz may have won a board seat after all.

Target Corp. (NYSE: TGT) was down almost 10% at $54.16 on Wednesday after earnings, and the recovery was just 0.9% to $54.65 on Thursday ahead of the opening bell. Target has seen multiple target price cuts: Barclays to $45 from $50, Stifel to $62 from $65 and Susquehanna to $54 from $58.

Follow @Jonogg on Twitter to receive the daily analyst calls and other market research calls directly on your feed.

Other key analyst calls are shown below.

Acorda Therapeutics Inc. (NASDAQ: ACOR) was downgraded to Underperform from Market Perform at Raymond James, and Stifel downgraded Acorda to Hold from Buy.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.