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Top Analyst Upgrades and Downgrades: Alcatel-Lucent, Apple, FireEye, JDSU Uniphase, Solar Stocks and More
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Stocks were firm on Tuesday morning during a shortened week that actually will be full of economic reports. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week for new ideas for our readers. Some of the analyst research reports cover stocks to buy, and some of them cover stocks to sell or to avoid.
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.
ALSO READ: The 10 Stocks That Will Take the DJIA to 20,000
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.
ALSO READ: Merrill Lynch Catalyst-Driven Third-Quarter Stock Picks
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.
ALSO READ: Four Solid Dividends Yielding 9.5% or Higher
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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