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Top Analyst Upgrades and Downgrades: AbbVie, Apple, Autodesk, JD.com, CyberArk, Dean Foods, Disney and More

Stocks were indicated slightly lower Tuesday, after a big sell-off in the Dow was led by its largest members. The markets may be pulling back on Fed rate hike concerns and a continued slowing of the global growth story, but investors keep demonstrating that they are willing to buy any pullback. 24/7 Wall St. reviews dozens of analyst reports each day to find new ideas for its readers. Some analyst reports cover stocks to buy, while other calls cover stocks to sell or avoid. These are this Tuesday’s top analyst upgrades, downgrades and initiations.

AbbVie Inc. (NYSE: ABBV) was reiterated as Buy with a target price of $85.00 (versus a $63.23 prior close) at Argus. AbbVie has a consensus analyst price target of $75.29 and a 52-week trading range of $45.45 to $71.60.

Apple Inc. (NASDAQ: AAPL) was maintained as Outperform with a $140 price target at Credit Suisse. While this sounds positive, Credit Suisse actually lowered its 2016 EPS estimates by 6%, and noted lower orders in the Apple supply chain. Apple has a consensus price target of $148.88 and a 52-week range of $92.00 to $134.54.

Autodesk Inc. (NASDAQ: ADSK) was downgraded to Hold from Buy with a $60 price target (versus a $63.51 close) at Canaccord Genuity. Autodesk has a consensus price target of $63.80 and a 52-week range of $42.06 to $65.00.

JD.com Inc. (NASDAQ: JD) was started with a Buy rating and a $37.00 price target (versus a $28.76 close) at HSBC Securities. The stock has a consensus price target of $37.74 and a...


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