Investing
Top Analyst Upgrades and Downgrades: Auxilium, BofA, Genworth, MGM, Walgreen, Wynn, Yahoo and More
Published:
Stocks were soft on Monday and investors still seem eager to find bargains or overlooked equity stories. 24/7 Wall St. reviews dozens of analyst reports each morning of the week to find new investment and trading ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or to avoid.
These are this Monday’s top analyst upgrades, downgrades, and initiations covered by 24/7 Wall St.
Auxilium Pharmaceuticals Inc. (NASDAQ: AUXL) was downgraded to Hold from Buy at Stifel.
Bank of America Corp. (NYSE: BAC) was written up over the weekend in Barron’s as having the potential to rise 50% or more, now that most of its legal issues are behind it (or believed to be). Shares were up only 0.5% in early Monday indications.
CenterPoint Energy Inc. (NYSE: CNP) was raised to Buy from Neutral at SunTrust.
Genworth Financial Inc. (NYSE: GNW) was written up in Barron’s over the weekend as having 80% upside potential.
GlaxoSmithKline PLC (NYSE: GSK) was raised to Buy from Neutral at Goldman Sachs.
Las Vegas Sands Corp. (NYSE: LVS) was downgraded to Market Perform from Outperform and the price target was cut to a range of $60 to $70 from $80 to $85 at Wells Fargo.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) was downgraded to Market Perform from Outperform and the price target was cut to a range of $28 to $31 from $38 to $40 at Wells Fargo.
Mallinckrodt PLC (NYSE: MNK) was started with an Overweight rating and was assigned a $105 price target by Barclays.
ALSO READ: 10 Analyst Stocks Under $10 With Massive Upside Calls
MGM Resorts International (NYSE: MGM) was downgraded to Market Perform from Outperform at Wells Fargo.
Nokia Corp. (NYSE: NOK) was reiterated as Buy and the price target was raised to $12 from $11 at Canaccord Genuity.
Public Service Enterprise Group Inc. (NYSE: PEG) was downgraded to Hold from Buy and the price target was cut to $39 from $41 at Jefferies.
Realogy Holdings Corp. (NYSE: RLGY) was downgraded to Underperform from Neutral with a $37 price target at Credit Suisse.
TreeHouse Foods Inc. (NYSE: THS) was raised to Buy from Neutral at SunTrust.
Walgreen Co. (NYSE: WAG) was downgraded to Equal Weight from Overweight and the price target was cut to $68 from $92 at Barclays.
Watts Water Technologies Inc. (NYSE: WTS) downgraded to Neutral from Buy at Janney Capital Markets.
Wynn Resorts Ltd. (NASDAQ: WYNN) was downgraded to Market Perform from Outperform at Wells Fargo.
Yahoo! Inc. (NASDAQ: YHOO) was downgraded to Neutral from Buy at Bank of America Merrill Lynch, but in a strange twist the price target was raised to $46 from $40. Bernstein also downgraded the stock to Market Perform from Outperform, but the firm raised its target to $42 from $40 in the call.
ALSO READ: Six Coming Dividend Hikes
In case you missed Friday’s top analyst upgrades and downgrades, they included shares of Alibaba, Amazon, Apple, Concur, Oracle and More.
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.