Analysts Upgrades, Downgrades And Initiations

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theStockRadio reviews analysts reports from Wall Street brokerage firms daily to find new investing and trading ideas for our readers. Some analysts reports cover stocks to buy, sell, hold, or avoid. The Bulls are now aware that this market can readily correct 10% or more in the next few weeks.

Below are Thursday’s leading analysts upgrades, downgrades and initiations from top research calls from around Wall Street, as follows:

Analog Devices Inc. (:ADI) analysts raised to Buy from Neutral after closing at 54.05 at Citigroup. It has a consensus analyst target of 67.56 and a 52-wk trading range of 42.57 – 68.97.

Gap Inc. (:GPS) the was downgraded to Sell from Neutral with a 25 price target at UBS. Mizuho also cut its rating to Underperform with a 25 price target on negative news.

Level 3 Communications Inc. (NASDAQ:LVLT) raised to Buy from Neutral with a 57 price target at UBS. The consensus analyst price target is 60.47, and the 52-wk trading range is 37.61 – 57.08.

Petróleo Brasileiro S.A. (NYSE:PBR), or Petrobras, analysts started as Underperform at Macquarie. Petrobras ADRs (American depositary shares) closed at 3.89 and have a 52-wk trading range of 3.72 – 17.64

Stay tuned…

Paul Ebeling