Top Analyst Upgrades and Downgrades: Auxilium, BofA, Genworth, MGM, Walgreen, Wynn, Yahoo and More

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By Jon C. Ogg Published
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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.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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