Stocks were indicated higher on Wednesday after some recent volatility. Investors keep showing that they will buy their favorite stocks and other value stocks or opportunities when the opportunity is there. 24/7 Wall St. reviews dozens of analyst research reports each day to find new investing and trading ideas for our readers. Some of these analyst calls cover stocks to buy and others cover stocks to sell or avoid.
These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Apple Inc. (NASDAQ: AAPL) was reiterated as Buy with a $160.00 price target (versus a $113.77 prior close) at Canaccord Genuity. The call is ahead of earnings and is based on Apple maintaining strong share of the premium tier smartphone market. Apple’s consensus analyst price target is $147.95 and the 52-week trading range is $92.00 to $134.54.
Coach Inc. (NYSE: COH) was raised to Equal Weight from Underweight with a $27.00 price target (versus a $30.06 close) at Morgan Stanley. Coach has a consensus price target of $37.57 and a 52-week range of $27.22 to $43.87.
Dollar General Corp. (NYSE: DG) was raised to Neutral from Underperform with a $73.00 price objective (versus a $67.03 close) at Bank of America Merrill Lynch. Dollar General remains on the 24/7 Wall St. list of
Micron Technology Inc. (NASDAQ: MU) was downgraded to Hold from Buy at Needham. After closing at $17.09, Micron has a consensus analyst target of $22.27...