Investing
Top Analyst Upgrades and Downgrades: AIG, Align Tech, Cliffs, Cyber-Ark, MannKind, Micron and More
Published:
Stocks were lower on Monday morning after IBM issued a spoiler alert on its earnings report. Last week’s bounce has shown again that investors still are willing to keep buying value and overlooked stocks on the dips. Each morning of the week, 24/7 Wall St. reviews dozens of analyst reports, on a hunt for new investment and trading ideas for our readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or avoid.
These are this Monday’s top analyst upgrades and downgrades featured by 24/7 Wall St. With markets so weak, many of the upgrades are still trading lower.
American International Group Inc. (NYSE: AIG) was raised to Buy from Hold with a $60 price target (versus a $50.76 close) at Deutsche Bank.
Align Technology Inc. (NASDAQ: ALGN) was raised to Buy from Neutral at Goldman Sachs and raised to Outperform from Neutral at Credit Suisse.
American Capital Agency Corp. (NASDAQ: AGNC) was downgraded to Market Perform from Outperform at JMP Securities.
Bank of New York Mellon Corp. (NYSE: BK) was raised to Neutral from Sell at Goldman Sachs.
Cliffs Natural Resources Inc. (NYSE: CLF) was downgraded to Sell from Neutral at Citigroup.
ALSO READ: 9 Analyst Stocks Under $10 With Massive Upside Calls
Cyber-Ark Software Ltd. (NASDAQ: CYBR) was started as Hold at Deutsche Bank, started as Neutral at J.P. Morgan and started as Equal Weight at Barclays.
CONSOL Energy Inc. (NYSE: CNX) was raised to Buy from Neutral at Citigroup.
E-Trade Financial Corp. (NASDAQ: ETFC) was maintained as Buy at Goldman Sachs, but the stock was added to the Conviction Buy List with a $25 price target (versus a $20.12 close).
Freeport McMoRan Inc. (NYSE: FCX) was raised to Neutral from Sell at Citigroup.
MannKind Corp. (NASDAQ: MNKD) was started as Neutral at Goldman Sachs.
Micron Technology Inc. (NASDAQ: MU) was raised to Outperform from Sector Perform with a $37 price target (versus a $28.77 close) at Pacific Crest.
Newmont Mining Corp. (NYSE: NEM) was raised to Buy from Neutral at Citigroup.
TerraForm Power Inc. (NASDAQ: TERP) was to Overweight from Neutral at J.P.Morgan.
ALSO READ: Stock Sell-Off Brings Massive Insider Buying
Are You Ahead, or Behind on Retirement?
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.