Top Analyst Upgrades and Stocks to Buy: AT&T, Nokia, Lululemon and More
Investors and traders are worried about an end to quantitative easing, yet stocks are rallying hard on fundamentals. This puts these same investors in a spot where they have to wonder which stocks to buy and which to sell. 24/7 Wall St. reviews dozens of fresh research calls each morning to find great ideas from value stocks to growth stocks to dividend stocks. We have broken out the positive research calls, and these are some of this Wednesday's top analyst upgrades, initiations and positive analyst research calls seen from Wall Street.
AT&T Inc. (NYSE: T) was started as Outperform with a $38 price target (versus $34.75 close) at Credit Suisse. We also just named AT&T as one of the next six big dividend hikes before 2014.
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Biogen Idec, Inc. (BIIB) was added to the US1 List with a $309 price target (versus $240.05 close) at BofA Merrill Lynch.
Cognizant Technology Solutions Corp. (CTSH) was raised to Overweight from Equal Weight at Barclays.
Colgate-Palmolive Co. (CL) was raised to Overweight from Equal Weight at Barclays.
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Lululemon Athletica Inc. (LULU) was reiterated as Buy with an $85 price target (versus $70.22 close) and the tag line "We've seen this movie before" by Canaccord Genuity.
Micron Technology Inc. (MU) was reiterated as Buy and its price target was raised to $19 (versus $16.84 close), based on upside to its DRAM business, by Sterne Agee.
Nokia Corp. (NOK) was raised to Outperform from Neutral at Credit Suisse.
T-Mobile US Inc. (TMUS) was started as with an Outperform rating and $30 price target (versus $25.09 close) at Credit Suisse.
Weatherford International Ltd. (WFT) was upgraded to Outperform from Market Perform at Wells Fargo.
Whirlpool Corp. (WHR) was added to the US1 List with a $175 price target (versus $143.73 close) at BofA/Merrill Lynch.
A Deutsche Bank technology conference just ended with many new tech stocks to buy.
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