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

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By Jon C. Ogg Published
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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.

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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.

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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.

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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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