As the second half of 2014 has begun, we had a look at the best performing DJIA stocks and also the best performing S&P 500 stocks so far in 2014. These are this Tuesday’s top analyst upgrades, downgrades and initiations from Wall Street firms.
AbbVie Inc. (NYSE: ABBV) was raised to Overweight from Equal Weight and the price target was raised to $69 from $44 at Barclays.
Alcatel-Lucent S.A. (NYSE: ALU) was raised to Overweight from Neutral at J.P. Morgan.
Apple Inc. (NASDAQ: AAPL) was reiterated as Overweight and the price target was raised to $115 at Evercore partners.
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Beazer Homes USA Inc. (NYSE: BZH) was downgraded to Neutral from Buy at Sterne Agee after the firm’s price target was achieved, even though earnings estimates were raised in the call.
Bristol-Myers Squibb Co. (NYSE: BMY) was downgraded to Equal Weight from Overweight at Barclays.
Canadian Solar Inc. (NASDAQ: CSIQ) was started as Buy with a $43 price target at Canaccord Genuity.
El Paso Pipeline Partners L.P. (NYSE: EPB) was downgraded to Sell from an already cautious Neutral rating at Goldman Sachs.
Eli Lilly & Co. (NYSE: LLY) was raised to Equal Weight from Underweight at Barclays.
Enphase Energy Inc. (NASDAQ: ENPH) was started as Buy with an $11 price target at Canaccord Genuity. Keep in mind that Enphase was also named as one of our own seven alternative energy stocks with massive upside potential.
FireEye Inc. (NASDAQ: FEYE) was started as Market Perform at Northland Securities.
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Harley-Davidson Inc. (NYSE: HOG) was downgraded to Market Perform from Outperform by Raymond James.
Hormel Foods Corp. (NYSE: HRL) was downgraded to Neutral from Outperform at Credit Suisse, but the firm raised its price target to $50 from $49 in the call.
JDS Uniphase Corp. (NASDAQ: JDSU) was started as Neutral at J.P. Morgan.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) was started as Outperform at Credit Suisse
Men’s Wearhouse Inc. (NYSE: MW) was raised to Buy from Hold at Citigroup.
Millennial Media Inc. (NYSE: MM) was downgraded to Equal Weight from Overweight by Evercore Partners.
Palo Alto Networks Inc. (PANW) was started as Outperform at Northland Securities.
SolarCity Inc. (NASDAQ: SCTY) was started as Buy with a $94 price target at Canaccord Genuity.
SunEdison Inc. (NYSE: SUNE) was started as Buy with a $30 price target at Canaccord Genuity.
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SunPower Corp. (NASDAQ: SPWR) was started as Hold at Canaccord Genuity.
VIPShop Holdings Ltd. (NYSE: VIPS) was started as Buy at Jefferies.
Tuesday’s upgrades and downgrades included Amicus Therapuetics, comScore, Expedia, Juniper Networks, Netflix, MannKind, Xerox and a dozen or so more. Also, here are nine analyst stock picks under $10 with massive upside potential.
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