Top Analyst Upgrades and Downgrades: Dendreon, Facebook, Google, Home Depot, Twitter, WisdomTree and More

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By Jon C. Ogg Published
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Stocks were indicated to be marginally lower on Monday, but not so much that the direction of the day looked certain. What we saw in October, even during the sell-off and recovery to new highs, was that investors kept demonstrating an eagerness to buy value stocks and overlooked stocks when they find the opportunity. Each morning of the week, 24/7 Wall St. reviews dozens of analyst research reports on the hunt for new investment and trading ideas. Some analyst calls cover stocks to buy, and others cover stocks to sell or to avoid.

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

Dendreon Corp. (NASDAQ: DNDN) was started as Neutral at Credit Suisse, although the firm have a target price of $1.50 (versus a $0.98 close), implying 50% upside, with no changes to the firm’s EPS estimates at this time.

Facebook Inc. (NASDAQ: FB) was started as Overweight with a $90 price target (versus a $74.99 close) at Morgan Stanley.

Google Inc. (NASDAQ: GOOGL) was started as Equal Weight with a $600 price target (versus $559.08 close) at Morgan Stanley.

Home Depot Inc. (NYSE: HD) was downgraded to Market Perform from Outperform at Raymond James.

Twitter Inc. (NYSE: TWTR) was started as Equal Weight with a $42 price target (versus a $41.47 close) at Morgan Stanley.

WisdomTree Investments Inc. (NASDAQ: WETF) was raised to Buy from Neutral at Citigroup. Friday we showed how this firm may be the top beneficiary of Japanese quantitative easing.

Other Key Analyst Calls Monday Morning

AES Corp. (NYSE: AES) was started with an Outperform rating and a $16 price target (versus a $14.07 close) at RBC Capital Markets.

Alliant Techsystems Inc. (NYSE: ATK) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

American Tower Corp. (NYSE: AMT) was downgraded to Neutral from Outperform at Macquarie.

AngloGold Ashanti Ltd. (NYSE: AU) was raised to Buy from Hold at Deutsche Bank.

BlackRock Inc. (NYSE: BLK) was raised to Buy from Neutral at Citigroup.

CONSOL Energy Inc (NYSE: CNX) was started as Buy at SunTrust Robinson Humphreys.

Crown Castle International Corp. (NYSE: CCI) was raised to Buy from Neutral with a $94 price target (versus a $78.12 close) at Goldman Sachs.

Eastman Chemical Co. (NYSE: EMN) was raised to Buy from Hold at Jefferies.

ALSO READ: Key Stocks With Insider Buying

National Oilwell Varco Inc. (NYSE: NOV) was downgraded to Neutral from Outperform at Credit Suisse.

Nationstar Mortgage Holdings Inc. (NYSE: NSM) was started as Buy at UBS.

NVIDIA Corp. (NASDAQ: NVDA) was raised to Sector Perform from Underperform at Pacific Crest.

Royal Gold Inc. (NASDAQ: RGLD) was raised to Buy from Neutral at Goldman Sachs.

Spirit AeroSystems Holdings Inc. (NYSE: SPR) was raised to Overweight from Neutral at J.P. Morgan.

ALSO READ: Top Stocks That Will Benefit From Lower Oil Prices

In case you missed Friday’s analyst upgrades and downgrades, they were in shares of Aegerion Pharmaceuticals, Avon Products, Atmel, LinkedIn, Ocwen Financial, Visa and a dozen or so more.

Photo of Jon C. Ogg
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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