Top 10 Analyst Upgrades and Downgrades: Apache, Nokia, Verizon and More
Labor Day is behind us and attendance should be starting back with interest in the markets again. Each morning 24/7 Wall St. reviews literally dozens and dozens of Wall Street analyst research reports. The aim is to find fresh ideas for investors and traders, for stocks to buy and stocks to sell. These are this Tuesday's top Wall Street analyst upgrades, downgrades and initiations.
Apache Corp. (APA) was raised to Buy at Mizuho Securities, and the price target was raised to $100 from $90. Its price target was raised to $113 from $106 at Canaccord Genuity. This was also named as a below book value stock in our recent screenings as well.
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First American Financial Corp. (FAF) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
Fidelity National Financial Inc. (FNF) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
Finish Line Inc. (FINL) was raised to Buy from Neutral at Janney Capital Markets.
Intrexon Corp. (XON) was started as Buy at Mizuho Securities, started as Equal Weight at Barclays and started as Overweight at J.P. Morgan.
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Nokia Corp. (NOK) was raised to Hold from Sell at Deutsche Bank, raised to Neutral from Underperform at Credit Suisse and
Canaccord Genuity raised its price target to $5.50 from $3.30.
Transocean Ltd. Co. (RIG) was maintained as Buy but the price target was lowered by $6 to $56 at Argus.
Verizon Communications Inc. (VZ) was raised to Outperform from Market Perform at RBC Capital Markets.
Williams-Sonoma Inc. (WSM) was downgraded to Hold from Buy at Canaccord Genuity.
World Point Terminals L.P. (WPT) was initiated as Outperform with a $23 price target at Credit Suisse.
See also more analyst upgrades and downgrades for Tuesday.
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