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Top Analyst Upgrades and Downgrades: Akamai, Apple, Devon Energy, GrubHub, JetBlue, Kroger, Twitter, UBS, Yelp and Many More

Stocks were up on Wednesday, ahead the Federal Open Market Committee (FOMC) meeting, and investors seem nervous about how to interpret hawkish or dovish comments. Regardless of the Federal Reserve, and maybe any other uncertainties too, investors keep showing that they will buy the top stocks, either on weakness or when there is value. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas for our readers.

Some analyst reports cover stocks to buy and others cover stocks to sell or to avoid. These are this Wednesday’s top analyst upgrades, downgrades and initiations.

Akamai Technologies Inc. (NASDAQ: AKAM) was gutted, with shares indicated down 18% at $61.50 after earnings and weak guidance. The content delivery acceleration provider was downgraded to Market Perform from Outperform and its price target was cut to $70 from $75 (versus a $75.55 prior close) at Cowen. Akamai has a consensus analyst price target of $76.55 and a 52-week trading range of $55.78 to $78.44.

Apple Inc. (NASDAQ: AAPL) has seen at least one key upgrade after earnings, being raised to Overweight from Sector Weight and with a $142.00 price target at Pacific Crest. Apple shares were last seen up almost 2% at $116.80, and its consensus analyst target price is closer to $149.00, against a 52-week range of $92.00 to $134.54.

ALSO READ: Why Rite Aid Is Being Undervalued in Its Buyout

Devon Energy Corp. (NYSE: DVN) was downgraded to Sell from Neutral...


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