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.
JPMorgan (JPM), Cheesecake Factory (CAKE), Brinker (EAT), Dycom (DY), Stage Stores (SSI) and Buffalo Wild Wings (BWLD) were upgraded or downgraded by analysts.
JPMorgan (JPM) downgraded to Market Perform from Outperform at FBR Capital.FBR Capital downgraded JPMorgan citing future earnings uncertainty after the company disclosed a large, illiquid hedge position which has already resulted in a $2B loss. FBR lowered its price target for shares to $37 from $50 and believes there are better names to own in the near-term such as Wells Fargo (WFC), U.S. Bank (USB), PNC Financial (PNC) and Morgan Stanley (MS).
Cheesecake Factory (CAKE) initiated with a Market Perform at Wells Fargo.Price target range $35-$36.
Brinker (EAT) coverage resumed with an Outperform at Wells Fargo.Price target range $37-$40.
Dycom (DY) upgraded to Strong Buy from Outperform at Raymond James.Raymond James upgraded Dycom based on an improved outlook for U.S. carrier capex. Price target raised to $27 from $25.
Stage Stores (SSI) upgraded to Buy from Neutral at SunTrust.SunTrust upgraded Stage Stores ahead of the May 17 Q1 report. The firm said Q1 comps of up 2.5% were better than expected and driven by improved merchandising and should lead to a Q1 earnings beat. Price target is $20.
Buffalo Wild Wings (BWLD) initiated with an Outperform at Wells Fargo.Price target range $100-$105.
Cheesecake Factory (CAKE) initiated with a Market Perform at Wells Fargo.Price target range $35-$36.
Brinker (EAT) coverage resumed with an Outperform at Wells Fargo.Price target range $37-$40.
Dycom (DY) upgraded to Strong Buy from Outperform at Raymond James.Raymond James upgraded Dycom based on an improved outlook for U.S. carrier capex. Price target raised to $27 from $25.
Stage Stores (SSI) upgraded to Buy from Neutral at SunTrust.SunTrust upgraded Stage Stores ahead of the May 17 Q1 report. The firm said Q1 comps of up 2.5% were better than expected and driven by improved merchandising and should lead to a Q1 earnings beat. Price target is $20.
Buffalo Wild Wings (BWLD) initiated with an Outperform at Wells Fargo.Price target range $100-$105.
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