Investing

Top Analyst Upgrades and Downgrades: Cisco, DreamWorks, Lululemon, Nabors, Schlumberger, Verizon and More

Stocks were indicated much lower on Tuesday as the market is dealing with lower commodities (oil and more) and a weak China and Europe. What has been proven repeatedly in the U.S. equities markets is that investors will buy value stocks and overlooked stocks any time they think there is a discounting on them. 24/7 Wall St. reviews dozens of analyst research reports each day to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, and some cover stocks to sell or avoid.

These are this Tuesday’s top analyst upgrades and downgrades from 24/7 Wall St.

American Eagle Outfitters Inc. (NYSE: AEO) was raised to Outperform from Perform at Oppenheimer.

Celgene Corp. (NASDAQ: CELG) was reiterated as Buy and its price target was raised to $130 from $102 (versus a $118.19 close) at Argus.

Chubb Corp. (NYSE: CB) was started as Underweight at J.P. Morgan.

Cisco Systems Inc. (NASDAQ: CSCO) was started as Outperform with a $31.50 price target (versus a $27.23 close) at Wedbush.

Dover Corp. (NYSE: DOV) was downgraded to Sell from Hold at Deutsche Bank.

DreamWorks Animation SKG Inc. (NASDAQ: DWA) was downgraded to Sell from Hold and the price target was cut to $17 from $23 at Topeka Capital Markets.

Gilead Sciences Inc. (NASDAQ: GILD) was reiterated as Buy and the price target was raised to $130 from $110 at Argus.

ALSO READ: The Best and Worst Run States in America

GlaxoSmithKline PLC (NYSE: GSK) was downgraded to Underperform from Neutral at Bank of America Merrill Lynch.

Lululemon Athletica Inc. (NASDAQ: LULU) was raised to Outperform from Market Perform at Wells Fargo.

Marsh & McLennan Companies Inc. (NYSE: MMC) was started as Overweight at J.P. Morgan.

NXP Semiconductors N.V. (NASDAQ: NXPI) was started as Outperform at Oppenheimer.

Nabors Industries Ltd. (NYSE: NBR) was downgraded to Hold from Buy at Jefferies.

Oceaneering International Inc. (NYSE: OII) was downgraded to Hold from Buy at Jefferies.

OvaScience Inc. (NASDAQ: OVAS) was started as Outperform with a $60 price target (versus a $28.37 close) at Credit Suisse.

PMC-Sierra Inc. (NASDAQ: PMCS) was started as Outperform at Northland Securities.

Schlumberger Ltd. (NYSE: SLB) was downgraded to Hold from Buy at Jefferies.

Shire PLC (NASDAQ: SHPG) was downgraded to Neutral from Buy at Merrill Lynch.

ALSO READ: 9 Analyst Stocks Under $10 With Massive Upside Calls

Verizon Communications Inc. (NYSE: VZ) was downgraded to Neutral from Outperform at Baird, and Canaccord Genuity maintained its Buy rating despite promotions taking its toll.

XL Group PLC (NYSE: XL) was started as Underweight with a $32 price target (versus a $36.30 close) at J.P. Morgan.

In case you missed Monday’s top analyst upgrades and downgrades, they were numerous: Apache, eBay, Netflix, RF Micro Devices, Southwest Air, Disney, Starbucks, Alcoa, Chipotle Mexican Grill, McDonald’s, Nike and over a dozen more.

Get Ready To Retire (Sponsored)

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.