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Top Analyst Upgrades and Downgrades: AMD, Cree, Fitbit, Hess, Juniper Networks, Lululemon, Priceline and More

Stocks closed higher on Monday and Tuesday, only to rocket higher on Wednesday with a new closing high and the Dow up almost 300 points. Stocks were indicated only marginally higher with a continued easy-money policy announcement by the European Central Bank. Since the election, the stock market has risen almost daily, and investors still have a huge appetite to buy shares. Even with a bull market that is almost eight years old, investors are looking for new ideas for gains or income.

24/7 Wall St. reviews dozens of analyst reports each day of the week to find new investing and trading ideas for its readers. Some of these analyst research reports cover stocks to buy, and other calls cover stocks to sell or to avoid.

These are the top analyst upgrades, downgrades and initiations seen on Thursday morning:

Advanced Micro Devices Inc. (NASDAQ: AMD) was raised to Buy from Underperform with a $12 price objective (raised from $5) at Merrill Lynch. The firm admitted it is way late, but it said better late than sidelined as the growth options are too large to ignore. Merrill Lynch even gave a $15 bullish case and $7 bearish case. AMD closed at $9.56 and was up 4% at $9.95 on Thursday, in a prior 52-week range of $1.75 to $9.79.

Cree Inc. (NASDAQ: CREE) was started as Outperform with a $32 price target (versus a $26.68 prior close) at JMP Securities. It has a 52-week trading range of $20.75 to $32.92 and a consensus analyst price target of $23.80.