Mar 29, 2016

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Watch these 3 stock Downgrades for investment ideas: QUALCOMM, Inc. (NASDAQ:QCOM), Noble Energy, Inc. (NYSE:NBL), Endurance International Group HldgsInc (NASDAQ:EIGI)

Watch these 3 stock Downgrades for investment ideas: QUALCOMM, Inc. (NASDAQ:QCOM), Noble Energy, Inc. (NYSE:NBL), Endurance International Group HldgsInc (NASDAQ:EIGI)

Analysts have been actively evaluating companies as long as there have been stocks, but they’re more popular and get more exposure than ever thanks to round-the-clock stock market news and online resources. Analysts’ notoriety has also increased. But while analysts typically have similar credentials, they aren’t all the same.

The reputation and credibility of a company and the research firm depends on the efforts they make to inform investors. A company does not want to be tarnished by being associated with disreputable research. Similarly, a research firm will only want to analyze companies that have strong fundamentals and long-term investment potential.

QUALCOMM, Inc. (NASDAQ:QCOM) received a stock rating downgrade from Barclays on Monday.In a note to investors, the firm issued anEqual Weightrating and Overweight the target price on the stock from $50 to $55. The average analysts that follow this company have a ‘Buy’ rating on this stock, according to Zacks Investment Research. 12 maintain strong buy rating, 0 set the stock as buy, 0 give underperform rating and 2 suggests selling.

Noble Energy, Inc. (NYSE:NBL) was dropped to Hold from Buy at Tudor Pickering. It has earned a consensus Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 9 have assigned a hold rating, 3 says it’s a buy and 9 have assigned a strong buy rating to the company.

Endurance International Group HldgsInc (NASDAQ:EIGI) shares were down-3.92% on Monday after analysts at Morgan Stanley downgraded the stock to Equal-Weight from Overweight. The stock has a consensus Strong Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 2 have assigned a hold rating, 0 says it’s a buy, and 4 have assigned a strong buy rating to the company.

 

 

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