Top Analyst Upgrades and Downgrades: Cheniere, Micron, Nike, Macy’s and More

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By Jon C. Ogg Published
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Stocks bounced after five straight days of selling, and now investors and traders alike are deciding which stocks to buy and which ones to sell or avoid. 24/7 Wall St. reviews dozens of Wall Street analyst research reports each morning to look for fresh ideas and research nuggets for its readers. Some turn out to be stocks to buy and others stocks to sell. These are this Friday’s top analyst upgrades, downgrades and initiations seen in various Wall Street research reports.

Autodesk Inc. (NASDAQ: ADSK) was maintained as Hold, but its price target was raised to $42 from $35, with a gradual transition to subscription services by Canaccord Genuity.

Cheniere Energy Inc. (NYSE: LNG) was started as Buy with a $39 price target (versus a $33.11 close) at Deutsche Bank.

DCP Midstream Partners L.P. (NYSE: DPM) was raised to Neutral from Underperform at Credit Suisse.

International Paper Co. (NYSE: IP) was downgraded to Hold from Buy at Deutsche Bank.

Macy’s Inc. (NYSE: M) was started as Outperform with a $54 price target (versus $43.32 close) at Pacific Crest.

Marlin Midstream Partners L.P. (NASDAQ: FISH) was started as Perform at Oppenheimer.

Micron Technology Inc. (NASDAQ: MU) was reiterated as Buy, but the estimates were raised and the price target was raised to $21, by Sterne Agee.

Nike Inc. (NYSE: NKE) was raised to Buy and given an $85 price target from Sterne Agee after earnings.

Northeast Utilities (NYSE: NU) was raised to Buy from Hold and given a target price of $49 (versus $41.44 close) at Argus.

Occidental Petroleum Corp. (NYSE: OXY) was raised to Positive from Neutral by Susquehanna.

Sunoco Logistics Partners L.P. (NYSE: SXL) was downgraded to Neutral from Outperform at Credit Suisse.

Synergy Resources Corp. (NYSE: SYRG) was started as Buy with a $12 price target as a small cap play in the Niobrara, according to Canaccord Genuity.

Targa Resources Partners L.P. (NYSE: NGLS) was downgraded to Neutral from Outperform at Credit Suisse.

Jefferies has issued three specialty retail names that are leveraged buyout candidates, and Goldman Sachs has decided to issue selective upgrades among battered coal companies.

Data security stocks could become the most important and profitable sector in technology.

We have compiled an analyst montage of 10 stocks to buy trading under $10 with big implied upside.

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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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