Top Analyst Upgrades and Downgrades: GE, Honeywell, JetBlue, Level 3, Pandora, Petrobras and More

Investing

Published: November 25, 2014 8:25 am

Stocks were indicated higher on Tuesday, and this will effectively be the last day full of major analyst calls this week as Wall Street and Main Street get ready for Thanksgiving. Still, investors have shown over and over that they will buy value or stocks which are discounted — even as the markets keep hitting new highs. 24/7 Wall St. reviews dozens of analyst research reports from brokerage firms each morning to find new investing and new trading ideas for its readers. Some analyst reports cover stocks to buy, and some analyst reports cover sell or stocks to avoid. These are this Tuesday’s top analyst upgrades, downgrades, and initiations.

CyberArk Software Ltd. (NASDAQ: CYBR) was downgraded to Market Perform from Outperform at William Blair, and downgraded to Neutral from Buy at Nomura.

General Electric Co. (NYSE: GE) was started as Outperform at RBC Capital Markets.

Honeywell International Inc. (NYSE: HON) was started as Outperform at RBC Capital Markets.

JetBlue Airways Corp. (NASDAQ: JBLU) was reiterated as Buy and the price target was raised to $18 from $14 at Argus.

Level 3 Communications, Inc. (NASDAQ: LVLT) was downgraded to Neutral from Outperform at Macquarie.

3M Company (NYSE: MMM) was started as Underperform at RBC Capital Markets.

Netflix, Inc. (NASDAQ: NFLX) was downgraded to Hold from Buy at Stifel. Also, here is why the Redbox 25% price hike may not matter for Netflix.

Palo Alto Networks (NYSE: PANW) was reiterated Outperform and the price target was raised to $135 from $110 at Credit Suisse. FBR reiterated its Outperform rating and raised its target to $121 from $105.

ALSO READ: Why Everyone Loves Intel Again, Or Will In 2015

Pandora Media Inc. (NYSE: P) was downgraded to Underperform from Market Perform at FBR. Apparently not everyone was impressed with key insider stock buying at Pandora.

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, was raised to Buy from Neutral at Citigroup.

The TJX Companies, Inc. (NYSE: TJX) was raised to Overweight from Neutral at JPMorgan.

Tyco International Ltd. (NYSE: TYC) was started as Outperform at RBC Capital Markets.

United Technologies Corp. (NYSE: UTX) was started as Outperform at RBC Capital Markets; and was raised to Outperform from Market Perform at Wells Fargo. This news is on the heels of the sudden CEO ‘retirement’ that came unexpectedly on Monday.

Williams Partners LP (NYSE: WPZ) was raised to Buy from Hold and the price target was raised to $62 from $56 at Jefferies.

In case you missed Monday’s top analyst upgrades and downgrades, they were in shares of AMC, Boot Barn, Chevron, Expedia, Priceline, SolarCity, Verizon and a dozen more.

ALSO READ: The Top 5 Bank Stocks To Buy For 2015

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