Investing
Top Analyst Upgrades and Downgrades: Citigroup, Equinix, IBM, Visa, Yahoo, Walmart and More
Published:
Stocks have been trying to recover from their sell-off, but investors remain wary. Equity investors want upside from stocks, but they also want to avoid a market correction or a bad stock pick. 24/7 Wall St. reviews many analyst research reports each morning of the week for new ideas for our readers. Some of the analyst calls cover stocks to buy, while others cover stocks to sell or stocks to avoid. These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Citigroup Inc. (NYSE: C) was raised to Outperform from Market Perform at Bernstein. Sterne Agee maintained its Neutral rating but raised estimates.
Dean Foods Co. (NYSE: DF) was started with a Buy rating at BB&T Capital Markets.
EnerNOC Inc. (NASDAQ: ENOC) was raised to Overweight from Neutral with a $24.50 price target by J.P. Morgan.
Equinix Inc. (NASDAQ: EQIX) was raised to Outperform from Perform at Oppenheimer.
Halozyme Therapeutics Inc. (NASDAQ: HALO) was started as Buy at Citigroup.
ALSO READ: Five Sure Ways to Earn Yourself an IRS Audit
International Business Machines Corp. (NYSE: IBM) was downgraded to Neutral from Buy at Citigroup.
Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Buy with a $69 target around the analyst day at Canaccord Genuity.
MasterCard Inc. (NYSE: MA) was raised to Buy from Neutral at Janney Capital Markets.
Morgan Stanley (NYSE: MS) was raised to Buy from Neutral at Bank of America Merrill Lynch.
PetSmart Inc. (NASDAQ: PETM) was downgraded to Underperform from Neutral at Merrill Lynch.
ALSO READ: Jefferies Stocks To Buy That Could Jump From Earnings Surprises
Repligen Corp. (NASDAQ: RGEN) was started with a Buy at Jefferies.
Spansion Inc. (NYSE: CODE) was started as Buy at Sterne Agee.
Wal-Mart Stores Inc. (NYSE: WMT) was downgraded to Underperform from Market Perform at William Blair.
Visa Inc. (NYSE: V) was raised to Buy from Neutral at Janney Capital Markets.
Yahoo! Inc. (NASDAQ: YHOO) was raised to Outperform from Neutral at Macquarie.
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.