Top Analyst Upgrades and Downgrades: Citigroup, Equinix, IBM, Visa, Yahoo, Walmart and More

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By Jon C. Ogg Published
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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.

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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.

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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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