One Upgrade and One Downgrade

I usually don’t pay much attention to analyst moves on our Buy List stocks, but today we had two that are noteworthy.

Check Point Software (CHKP) was upgraded by BTIG analyst Joel Fishbein who upgraded the stock to buy from neutral. He wrote, “After three quarters of stagnant stock performance and four quarters of disappointing guidance from Check Point, we believe it is now time to get constructive on the name again.”

The other move was that Evercore ISI downgraded Cerner (CERN) from inline to underperform. They lowered their price target from $75 to $55.

Posted by on July 10th, 2018 at 11:50 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.