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Top Analyst Upgrades and Downgrades: DepoMed, Gap, Intel, IBM, Nimble Storage, Workday and Many More

Stocks were indicated higher again on Friday after a small breather on Thursday. Investors just keep showing over and over that they want to buy stocks. Investors are looking for growth, hidden value and other undiscovered opportunities. 24/7 Wall St. reviews dozens of analyst reports each day to find new investing and trading ideas for its readers. Some of theses analyst reports cover stocks to buy, while other calls cover stocks to sell or to avoid.

These are this Friday’s top analyst upgrades, downgrades and initiations.

DepoMed Inc. (NASAQ: DEPO) was reiterated as Buy with a $35 fair value estimate (versus a $19.39 prior close) after Horizon finally dropped its bid that DepoMed was not going along with. DepoMed has a $29 consensus price target and a 52-week trading range of $14.38 to $33.74.

Gap Inc. (NYSE: GPS) was indicated lower and under $25 after yet another poor earnings report. Gap saw its price target cut at FBR, Stifel and more firms. Gap was indicated at $24.60, had a consensus analyst target price of $29.10 before these cuts and has a 52-week range of $24.70 to $43.90.

Intel Corp. (NASDAQ: INTC) was reiterated as Buy with a $39 price target at Canaccord Genuity based on its growth targets. Topeka kept its Buy rating and raised its target to $38 from $36. As expected, Intel did raise its dividend and guidance this week. Intel rose...