Top Analyst Upgrades and Downgrades: Barclays, Caterpillar, EMC, JD.com, LinkedIn, Stratasys and More

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By Jon C. Ogg Published
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Stocks were trying to make a day-two recovery move on Tuesday after last week’s sell-off. For the better part of the past two and a half years, investors regularly have bought the dips and pullbacks. 24/7 Wall St. reviews dozens of analyst research reports each morning. The goal is to find new investment and trading ideas for our readers. Some analyst calls cover stocks to buy, while other calls cover stocks to sell or avoid.

These are this Tuesday’s top analyst upgrades, downgrades and initiations.

Bank of Ireland (NYSE: IRE) was raised to Buy from Hold at Deutsche Bank.

Barclays PLC (NYSE: BCS) was raised to Overweight from Equal Weight at Morgan Stanley.

Caterpillar Inc. (NYSE: CAT) was downgraded to Hold from Buy, but it was maintained as a Long-Term Buy, at Argus based on the weaker outlook.

EMC Corp. (NYSE: EMC) was raised to Outperform from Neutral with a $30 price target (versus a $26.43 close) at Macquarie.

JD.com Inc. (NASDAQ: JD) was started as Outperform with a $35 price target (versus a $25.48 close) at Credit Suisse.

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LinkedIn Corp. (NYSE: LNKD) was maintained as Buy but was added to the prized Conviction Buy List at Goldman Sachs. Its price target was also raised to $280 from $250 in the call.

Stratasys Ltd. (NASDAQ: SSYS) issued an earnings warning and shares of the 3D printing player were indicated down 25% at $59.75 in premarket trading — a possible new 52-week low. The stock has been downgraded to Neutral from Overweight at Piper Jaffray, and to Hold at Brean Capital. Canaccord Genuity maintained its Buy rating but cut the price target to $100 from $120.

Other key analyst upgrades, downgrades and initiations seen on Tuesday morning were as follows:

Anadarko Petroleum Corp. (NYSE: APC) was raised to Buy from Hold at Stifel.

Blackhawk Network Holdings Inc. (NASDAQ: HAWK) was raised to Outperform from Market Perform at BMO Capital Markets.

CenterPoint Energy Inc. (NYSE: CNP) was downgraded to Underperform from Outperform at Credit Suisse.

Century Aluminum Co. (NASDAQ: CENX) was started as Buy with a $28 price target at Nomura.

Chimerix, Inc. (NASDAQ: CMRX) was started as Overweight with a $51 price target (versus a $38.17 close) at J.P. Morgan.

EOG Resources, Inc. (NYSE: EOG) was raised to Buy from Hold at Stifel.

Freeport McMoRan Inc. (NYSE: FCX) was downgraded to Neutral from Buy and the price objective was lowered to $19 from $23 (versus a $17.45 close) at Bank of America Merrill Lynch.

GulfMark Offshore Inc. (NYSE: GLF) was downgraded to Neutral from Outperform at Credit Suisse.

Michael Kors Holdings Ltd. (NYSE: KORS) was downgraded to Hold from Buy and the price target was cut to $76 from $97 (versus a $71.56 close) at Canaccord Genuity.

Nordic American Offshore Ltd. (NYSE: NAO) was downgraded to Underperform at Credit Suisse.

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Noble Energy Inc. (NYSE: NBL) was raised to Buy from Hold at Stifel.

Sysco Corp. (NYSE: SYY) was raised to Buy from Hold at Deutsche Bank.

Tenet Healthcare Corp. (NYSE: THC) was raised to Outperform from Market Perform with a $50 price target (versus a $42.22 close) at BMO Capital Markets.

Wix.com Ltd. (NASDAQ: WIX) was started as Outperform with a $25 price target (versus a $18.63 close) at Raymond James.

Xilinx Inc. (NASDAQ: XLNX) was downgraded to Neutral from Buy at Nomura.

Monday’s top analyst upgrades, downgrades and initiations included American Electric Power, Avon Products, Cameron, Deckers Outdoor, LabCorp, Occidental Petroleum, Rangold Resources and Western Union.

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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