Stocks took it on the chin last week, but the markets are indicated firm on Monday morning. Investors are still looking for upside from stocks, particularly among stocks that sold off and are deemed to have “gone on sale.” 24/7 Wall St. reviews dozens of analyst research reports each and every morning to find new investment and trading ideas. Some analyst reports are about stocks to buy, while other research reports cover stocks to sell or stocks to avoid.

These are this Monday’s top analyst upgrades, downgrades and initiations from Wall Street analysts.

Alcatel-Lucent S.A. (NYSE: ALU) was raised to Overweight from Equal Weight at Morgan Stanley, after last week’s earnings took the ADSs down to under $3.40 from above $3.80.

American Electric Power Co. (NYSE: AEP) was downgraded to Equal Weight from Overweight at Morgan Stanley.

Ares Capital Corp. (NASDAQ: ARCC) was started with an Overweight rating at J.P. Morgan.

Chevron Corp. (NYSE: CVX) was downgraded to Equal Weight from Overweight at Morgan Stanley.

Chubb Corp. (NYSE: CB) was reiterated as Buy with a $102 price target at Argus, saying that the recent sell-off was an overreaction and has created a buying opportunity.

Diamond Offshore Drilling Inc. (NYSE: DO) was downgraded to Sell from Hold at Deutsche Bank.

Emulex Corp. (NYSE: ELX) was downgraded to Underweight from Equal Weight and the price target was cut to $6 from $7 at Barclays.

Enterprise Products Partners L.P. (NYSE: EPD) was reiterated as Buy and with an $80 price target at Argus.

Halcon Resources Corp. (NYSE: HK) was downgraded to Equal Weight from Overweight at Morgan Stanley.

La Jolla Pharmaceutical Co. (NASDAQ: LJPC) was started with a Buy rating at Jefferies.

Mellanox Technologies Ltd. (NASDAQ: MLNX) was raised to Equal Weight from Underweight at Barclays.

ALSO READ: 13 Analyst Stock Picks Under $10 With Massive Upside

Noble Corp. (NYSE: NE) was downgraded to Hold from Buy at Deutsche Bank.

Occidental Petroleum Corp. (NYSE: OXY) was raised to Overweight from Equal Weight at Morgan Stanley.

Oil States International Inc. (NYSE: OIS) was raised to Outperform from Neutral and the price target was raised to $72 from $60 at Credit Suisse.

Spirit AeroSystems Holdings Inc. (NYSE: SPR) rose to almost $37 from $33 last week on good earnings. The company was maintained as Buy and the price target was raised to $43 from $36 at Canaccord Genuity. Sterne Agee raised its estimates and reiterated its Buy rating.

Transocean Ltd. (NYSE: RIG) was downgraded to Sell from Hold at Deutsche Bank.

U.S. Steel Corp. (NYSE: X) was raised to Buy from Hold at Deutsche Bank.

In case you missed Friday’s top analyst upgrades and downgrades, they included Bed Bath & Beyond, Control4, Expedia, Hyatt, PG&E, SunPower, 3D System and about a dozen more companies. Also, Merrill Lynch has identified its top large cap stocks that were oversold even before the sell-off.

ALSO READ: The 5 Top Earnings Reports for the Week Ahead

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