Top 10 Analyst Upgrades and Downgrades: Deere, IBM, Symantec and More

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By Jon C. Ogg Published
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Investors and traders are looking for fresh research ideas now that the markets are at all-time highs. Some investors are looking for income and others are looking for capital gains in long-term value investing situations. 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 of the research notes are calling for stocks to buy and some are effectively calling these stocks to sell. These are 10 of the top analyst upgrades, downgrades and initiations seen from select Wall Street research calls this Tuesday.

American Eagle Outfitters Inc. (NYSE: AEO) was downgraded to Hold at Brean Capital and downgraded to Neutral at Janney after its earnings warning; shares are down about 17%.

Apollo Global Management LLC (NYSE: APO) was started as Buy with a $33 price target at Stern Agee.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) was reiterated Buy but the price target was raised to $88 from $80 at Argus.

Deere & Co. (NYSE: DE) was downgraded to Underperform from Market Perform at William Blair.

International Business Machines Corp. (NYSE: IBM) was downgraded to Underperform from Neutral with a downside price target of $175 at Credit Suisse. We also recently showed why one short ETF has IBM as its largest short sale position.

Old Dominion Freight Line Inc. (NASDAQ: ODFL) was raised to Outperform from Sector Perform at RBC Capital Markets.

Responsys Inc. (NASDAQ: MKTG) was raised to Outperform from Neutral and the target price was raised to $20 from $13 at Credit Suisse.

Symantec Corp. (NASDAQ: SYMC) was reiterated Buy but the price target was raised to $35 from $28 at Argus.

Volcano Corp. (NASDAQ: VOLC) was raised to Buy from Hold at Canaccord Genuity.

Web.com Inc. (NASDAQ: WWWW) was downgraded to Neutral from Buy at Roth Capital.

Cowen issued a Buy alert for the top refining stocks now that the shares have been beaten down from highs as solid value.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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