11 Key Analyst Upgrades and Downgrades Too Big to Ignore

Investing

Published: February 5, 2016 11:20 am

Last Updated: January 13, 2020 1:34 pm

The stock market was trading handily lower after a mixed but positive strong Employment Situation report from the U.S. Department of Labor. It turns out that many stocks were having big moves up or down based on earnings or other key news releases.

24/7 Wall St. covers the top analyst upgrades and downgrades each morning of the week, but there are always some calls that stand out as just too big to ignore. These are considered analyst clusters, where many analysts are chiming in. Friday showed an additional 11 top analyst upgrade and downgrade clusters that needed to be addressed.

Our top analyst upgrades and downgrades from earlier included Coca-Cola, Goldman Sachs, JPMorgan, LinkedIn, Linn Energy, Tableau Software, Weatherford International and over a dozen more companies. These are the clustered analyst calls from Friday morning that were just too big to ignore.

AmerisourceBergen Corp. (NYSE: ABC) beat earnings but narrowed its guidance earlier this week. As a result, shares fell from $87.99 to $84.40 on the news, but the stock was last seen up 1.3% at $85.54 on Friday morning. Several analyst calls have been seen here. Cowen has a Market Perform rating and cut the target to $95. Barclays has an Equal Weight rating and cut the target to $90. R.W. Baird has a Neutral rating and cut its target to $99. Target cuts were seen at RBC and Deutsche Bank as well.