Investing
Top 10 Analyst Upgrades and Downgrades: NetApp, J.P. Morgan, UPS and More
Published:
Last Updated:
Investors and traders are usually on the lookout for new research ideas that will generate higher income or more profits. 24/7 Wall St. reviews many analyst research calls from Wall Street and from boutique firms to find great ideas in value stocks, growth stocks and dividend stocks. Some are stocks to buy, while some ideas are even stocks to sell. These are 10 of the top analyst upgrades, downgrades and initiations seen from select Wall Street research calls this Monday.
AngloGold Ashanti Ltd. (NYSE: AU) was cut to Underperform from Market Perform at BMO Capital Markets.
Bank of New York Mellon Corp. (NYSE: BK) was raised to Buy from Neutral at Citigroup.
Hartford Financial Services Group Inc. (NYSE: HIG) was cut to Market Perform from Outperform at Keefe Bruyette & Woods.
J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) were both reiterated as Buy and the price targets were raised (to $65 on JPM and $44 on Wells Fargo) after earnings by Sterne Agee.
Leap Wireless International Inc. (NASDAQ: LEAP) has been upgraded at many firms, as analysts were caught off-guard by the AT&T Inc. (NYSE: T) buyout: raised to Market Perform at BMO Capital Markets, to Neutral at R.W. Baird, to Overweight at Barclays and to Neutral at J.P. Morgan.
NetApp Inc. (NASDAQ: NTAP) was raised to Overweight from Equal Weight at Morgan Stanley.
Newmont Mining Corp. (NYSE: NEM) was cut to Market Perform from Outperform at BMO Capital Markets.
Portugal Telecom SGPS S.A. (NYSE: PT) was cut to Underperform from Neutral at BNP Paribas.
United Parcel Service Inc. (NYSE: UPS) has seen many downgrades and estimates cut: cut to Hold at BB&T, cut to Outperform at Raymond James and cut to Neutral at J.P. Morgan.
Get ready for this bull market to become a secular bull market. A technician we have followed for some time is calling for the next cycle to take the S&P 500 from 1,675 or so now up to 2,584 before it is all over. That would be more than 50% more gains in the SPDR S&P 500 (NYSEMKT: SPY).
Here are 10 stocks that should lag the market if China’s growth does not resume soon.
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.