Top Analyst Upgrades and Downgrades: AMSC, Coach, FedEx, Genworth, Kors, Twitter and More

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By Jon C. Ogg Published
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Stocks were indicated higher on Monday after last week’s massive snapback rally. Investors keep proving that they will buy stocks that either offer value or are overlooked. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for its readers. Some analyst research reports cover stocks to buy, and some cover stocks to sell or avoid.

These are this Monday’s top analyst upgrades, downgrades and initiations seen from Wall Street research calls.

Aramark Corp. (NYSE: ARMK) was raised to Top Pick from Outperform at RBC Capital Markets.

American Superconductor Corp. (NASDAQ: AMSC) was started as Outperform with a $1.25 price target (versus a $0.73 close) at Cowen.

Coach Inc. (NYSE: COH) was started as Neutral at Mizuho.

FedEx Corp. (NYSE: FDX) was reiterated as Buy and the price target was raised to $195 from $175 (versus a $174.22 close) at Argus.

Finish Line Inc. (NASDAQ: FINL) was downgraded to Hold from Buy and the price target was cut to $25 from $32 (versus a $23.35 close) at Canaccord Genuity.

Genworth Financial Inc. (NYSE: GNW) was started as Underweight at Bank of America Merrill Lynch, but this appears to be a credit call without discussing equity targets and the like.

ALSO READ: 10 Stellar Dividend Hikes and Stock Buybacks

Hortonworks Inc. (NASDAQ: HDP) was started as Outperform with a $30 price target (versus a $23.34 close) at JMP Securities.

Macquarie Infrastructure Co. LLC (NYSE: MIC) was started as Overweight at J.P. Morgan.

Michael Kors Holdings Ltd. (NYSE: KORS) was started as Neutral at Mizuho.

Southwestern Energy Co. (NYSE: SWN) was started as Neutral at SunTrust Robinson Humphrey.

Starz (NASDAQ: STRZA) was started as Sector Perform at Pacific Crest.

STORE Capital Corp. (NYSE: STOR) was started as Neutral with a $22 price target (versus a $21.06 closing price) at Credit Suisse.

Time Warner Inc. (NYSE: TWX) was started as Outperform at Pacific Crest.

Twitter Inc. (NASDAQ: TWTR) was started as Buy (both near term and long term) with a $44 price target (versus a $37.08 close) at Argus.

ALSO READ: 9 Big Stocks That More Than Doubled in 2014

Here is a technical analysis tidbit from Carter Worth of Sterne Agee on what has happened in the past week or so of each year:

Going back to 1928, when the S&P 500 was formed, the average 5-day return for all 5-day periods is 14 bps (basis points), with a standard deviation of 264 bps. Taking only the last 5 days of the year, the average return is 119 bps, with a standard deviation of 187 bps. So there is not only a higher-than-average return during the last 5 days, but there is less variability around the average.

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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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