Investing

Top Analyst Upgrades and Downgrades: Altria, CenturyLink, Micron, GoGo, AT&T and More

Stocks are indicated marginally lower on Monday, but the Dow Jones Industrial Average and S&P 500 hit new all-time highs early last week. Investors want to make profits in good stocks, but they also want to avoid the bad stocks. 24/7 Wall St. reviews dozens of analyst research reports each morning for new ideas for its readers. Some reports offer stocks to buy, others cover stocks to sell or avoid. These are this Monday’s top Wall Street analyst upgrades, downgrades and initiations.

Abbott Laboratories (NYSE: ABT) was raised to Outperform from Neutral by Credit Suisse.

Altera Corp. (NASDAQ: ALTR) was raised to Outperform from Sector Perform and the price target was raised to $39 from $36 RBC Capital Markets.

Alliant Techsystems Inc. (NYSE: ATK) was downgraded to Neutral from Buy with a $146 price target at Goldman Sachs.

Altria Group Inc. (NYSE: MO) was downgraded to Market Perform from Outperform with a $41 to $43 price range at Wells Fargo.

AT&T Inc. (NYSE: T) was raised to Outperform with a $41 price target at Raymond James. Credit Suisse maintained its Outperform rating and raised its target to $41 from $39.

ALSO READ: 12 Analyst Stocks Trading Under $10 With Big Implied Upside

Broadcom Corp. (NASDAQ: BRCM) was raised to Outperform from Sector Perform and the price target was raised to $40 from $33 by RBC Capital Markets.

CenturyLink Inc. (NYSE: CTL) was downgraded to Equal Weight from Overweight by Morgan Stanley.

China Mobile Ltd. (NYSE: CHL) was raised to the prized Conviction Buy List from Neutral with a $61 price target (versus a $49.65 close) at Goldman Sachs.

Deckers Outdoor Corp. (NASDAQ: DECK) was started as Buy with a $94 price target (versus a $79.80 close) at Citigroup.

ALSO READ: Seven Big Dividend Hikes You Should Not Miss

Genworth Financial Inc. (NYSE: GNW) was downgraded to Underweight from Equal Weight at Morgan Stanley.

Gogo Inc. (NASDAQ: GOGO) was raised to Buy from Neutral at UBS.

Kimberly-Clark Corp. (NYSE: KMB) was downgraded to Hold from Buy on foreign exchange headwinds and valuation at Argus.

Micron Technology Inc. (NASDAQ: MU) was raised to Outperform from Sector Perform and the price target was raised to $34 from $27 by RBC Capital Markets.

ALSO READ: Fed’s Rate Hikes Could Come Sooner Than Expected

NVIDIA Corp. (NASDAQ: NVDA) was raised to Outperform from Sector Perform and the price target was raised to $26 from $21 at RBC Capital Markets.

Skechers USA Inc. (NYSE: SKX) was started as Buy with a $49 price target (versus a $40.94 close) at Citigroup.

Texas Instruments Inc. (NASDAQ: TXN) was raised to Outperform from Sector Perform and the price target was raised to $57 from $49 by RBC Capital Markets.

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.