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.
Cantor Fitzgerald upgraded Equity Residential (NYSE: EQR) from Hold to Buy with a price target of $68.50.
Analyst, David Toti, said, "We upgrade shares of Equity Residential as relative underperformance has created an attractive entry point; our price target is unchanged. YTD, the stock has underperformed multifamily peers and the RMZ Index by 320 bps and 800 bps, respectively."
"We expect the company to continue to post sector-leading core growth, as it further bolsters the capital structure and "upcycles" the portfolio. With this upgrade, we are further increasing our multifamily overweight position."
Shares of Equity Residential closed at $60.72 yesterday, with a 52 week range of $48.46-$65.72.
Morgan Stanley upgraded AstraZeneca (NYSE: AZN) from Underweight to Equalweight.Shares of AstraZeneca closed at $46.99 yesterday, with a 52 week range of $39.72-$49.95.
JPMorgan downgraded Audience, Inc. (NASDAQ: ADNC) from Overweight to Neutral with a price target of $10.00 (from $24.00) after the company warned about losing Apple business.Shares of Audience, Inc. closed at $18.86 yesterday, with a 52 week range of $15.15-$23.41.
Susquehanna downgraded Wolverine World Wide (NYSE: WWW) from Positive to Neutral.Shares of Wolverine World Wide closed at $44.59 yesterday, with a 52 week range of $32.77-$47.99.
Lazard Capital initiates coverage on Green Mountain Coffee Roasters (NASDAQ: GMCR) with a Buy. PT $39.00.Shares of Green Mountain Coffee Roasters closed at $24.58 yesterday, with a 52 week range of $17.11-$115.98.
BMO Capital initiates coverage on Endologix (NASDAQ: ELGX) with a Outperform. PT $15.00.Shares of Endologix closed at $11.90 yesterday, with a 52 week range of $8.82-$15.77.
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