Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AAPL, $FEYE, $FSLR, $FTR, $MCD
Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follows:
Apple Inc. (NASDAQ:AAPL) Credit Suisse reiterated its Outperform rating, noting that the iPhone super-cycle is ahead. Maxim reiterated its Buy rating and raised its target to 171 from 163. After a look at a “big” Apple analyst montage of higher targets, it seems the analyst calls were generally more positive than the share price reaction.
FireEye Inc. (NASDAQ:FEYE) was down 2.1% at 12.21 ahead of earnings, but was up 14.5% at 13.95 afterward. FireEye was raised to Outperform from Market Perform at William Blair.
First Solar Inc. (NASDAQ:FSLR) First Solar had been getting raised ahead of the report, and it was now raised to Hold from Sell at Axiom Capital.
Frontier Communications Corp. (NYSE:FTR) Frontier was downgraded to Neutral from Buy at UBS. Frontier was raised to Neutral from Sell at Citigroup, while it was downgraded to Market Perform from Outperform by Cowen. Jefferies maintained a Buy rating but slashed the target to 2.00 from 3.50. Frontier Communications hit a 10-yr low of 1.81.
McDonald’s Corp. (NYSE:MCD) was raised to Buy from Neutral at Goldman Sachs. The firm’s new price target is 153, Vs a 141.23 prior closing price