These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms today.If you are looking to day trade, you might want to check out the following stocks. I usually throw these on my watch list and monitor with resistance & support levels.You can also check previous stocks to buy reports- Right Here.
Lowe's (LOW), IntercontinentalExchange (ICE), Abercrombie & Fitch (ANF), Infoblox (BLOX), Devon Energy (DVN) and CNO Financial (CNO) were upgraded or downgraded by analysts.
Lowe's (LOW) downgraded to Neutral from Overweight at Piper Jaffray.Piper Jaffray downgraded Lowe's citing risk to guidance and weak fundamentals following the company's Q1 results. Piper believes Lowe's is losing market share and has inferior real estate. The firm dropped its price target for shares to $28 from $41.
IntercontinentalExchange (ICE) upgraded to Overweight from Neutral at JPMorgan.JPMorgan upgraded IntercontinentalExchange based on valuation, near-term growth in the OTC energy business, and strength in its European business. Price target raised to $144 from $130.
Abercrombie & Fitch (ANF) upgraded to Neutral from Underweight at Atlantic Equities.Atlantic Equities upgraded Abercrombie based on valuation. Price target is $40.
Infoblox (BLOX) initiated with a Buy at UBS.Target $21.
Devon Energy (DVN) downgraded to Market Perform from Outperform at Wells Fargo.Wells Fargo downgraded Devon Energy saying the company lacks a niche within the large cap space. The firm lowered its price target range for shares to $65-$71 from $74-$80.
CNO Financial (CNO) initiated with a Neutral at Macquarie.Target $7.50.
IntercontinentalExchange (ICE) upgraded to Overweight from Neutral at JPMorgan.JPMorgan upgraded IntercontinentalExchange based on valuation, near-term growth in the OTC energy business, and strength in its European business. Price target raised to $144 from $130.
Abercrombie & Fitch (ANF) upgraded to Neutral from Underweight at Atlantic Equities.Atlantic Equities upgraded Abercrombie based on valuation. Price target is $40.
Infoblox (BLOX) initiated with a Buy at UBS.Target $21.
Devon Energy (DVN) downgraded to Market Perform from Outperform at Wells Fargo.Wells Fargo downgraded Devon Energy saying the company lacks a niche within the large cap space. The firm lowered its price target range for shares to $65-$71 from $74-$80.
CNO Financial (CNO) initiated with a Neutral at Macquarie.Target $7.50.
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