Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BRCD, $FB, $FSLR, $FIT, $RUN
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Friday, as follows:
Brocade Communications Systems Inc. (NASDAQ:BRCD), D.A. Davidson cut its rating to Neutral, and RBC Capital Markets cut it to Sector Perform. Brocade has a 52-wk trading range of 7.40 – 12.42.
Facebook Inc. (NASDAQ:FB) analysts reiterated as Outperform with a 170 price target at Credit Suisse. Merrill Lynch reiterated its Buy rating and 150 price objective. The 52-wk trading range is 89.37 – 133.50.
First Solar Inc. (NASDAQ:FSLR) analysts downgraded to Neutral from Buy and the fair value estimate was cut to 48 from 68 at Janney. The firm sees its outlook diminished with pricing trends and other issues. First Solar was downgraded to Perform from Outperform at Oppenheimer. Shares were down down 6.3% at 38.01 Thursday morning post-earnings.
Fitbit Inc. (NYSE:FIT) Citigroup downgraded it to Neutral from Buy, and Merrill Lynch downgraded it to Underperform from Buy with a 9 price objective. Wedbush Securities downgraded Fitbit to Neutral from Outperform due to demand softness and limited long-term visibility, slashing the target to 10 from 18. Morgan Stanley cut its rating to Equal Weight with an 11 target. The prior 52-wk trading range was 11.65 to 38.15 the old consensus price target was 20.88.
Sunrun Inc. (NASDAQ:RUN) started as Outperform at Credit Suisse. The 52-wk trading range is 4.59 – 7.34.