Top Analyst Upgrades and Downgrades: Achillion, GE, Monster, Newmont, SeaWorld and More

Investing

Published: August 18, 2014 8:50 am

Stocks were firm on Monday morning after a very volatile Friday. It appears as though many investors have used the recent weakness and volatility to accumulate some of the stocks they may have previously missed. 24/7 Wall St. reviews dozens of Wall Street analyst reports each morning to find new investment and trading ideas for our readers. Some of these research reports cover stocks to buy, and others cover stocks to sell or to avoid.

These are this Monday’s top analyst upgrades and downgrades from 24/7 Wall St.

Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) was raised to Buy from Hold at Deutsche Bank, and the price target was raised to $17 from $6 in the call (versus a $9.90 close). Achillion was also in our own 10 analyst stock picks under $10 over the weekend.

Arrow Electronics Inc. (NYSE: ARW) was downgraded to Neutral from Buy at Goldman Sachs.

Cardinal Health Inc. (NYSE: CAH) was reiterated as Buy with an $83 price target (versus a $71.43 close) at Argus after a strong quarterly report.

CareFusion Corp. (NYSE: CFN) was reiterated as Buy with a $50 price target (versus a $43.97 close) at Bank of America Merrill Lynch.

Constellium N.V. (NYSE: CSTM) was downgraded to Neutral from Outperform at Credit Suisse.

Equity Residential (NYSE: EQR) was raised to Hold from Underperform at Jefferies.

General Electric Co. (NYSE: GE) was reinstated as Outperform with a $30 price target (versus a $25.64 close) at Credit Suisse.

ALSO READ: Warren Buffett’s Top New Stock Holdings

Lions Gate Entertainment Corp. (NYSE: LGF) was reiterated as Buy with a $41 price target at Argus, based on it trading at a discount to peers on an enterprise value/EBITDA basis.

Monster Beverage Corp. (NASDAQ: MNST) was downgraded to Hold from Buy at Jefferies. Credit Suisse reiterated its Outperform rating and raised the price target up to $98 from $82.

Newmont Mining Corp. (NYSE: NEM) was reiterated as Buy with a $30 price target (versus a $26.89 close) at Sterne Agee.

NXP Semiconductors N.V. (NASDAQ: NXPI) was downgraded to Sell from an already cautious Neutral rating at Goldman Sachs. Sterne Agee maintained its Buy rating and $82 price target.

SeaWorld Entertainment Inc. (NYSE: SEAS) was started as Outperform with a $23 price target (versus a $18.66 close) in a bottom-fishing analyst admission call at Credit Suisse.

Synergy Resources Corp. (NYSEMKT: SYRG) was started with a Buy rating and $17 price target at Canaccord Genuity.

Werner Enterprises Inc. (NASDAQ: WERN) was downgraded to Underperform from an already cautious Neutral rating at Merrill Lynch.

WisdomTree Investments Inc. (NASDAQ: WETF) was raised to Neutral from Sell at Citigroup.

These are the top six earnings, with full previews, for the week ahead.

ALSO READ: 10 Analyst Stocks Under $10 With Massive Upside

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