These are this Tuesday’s top analyst upgrades, downgrades and initiations.
AES Corp. (NYSE: AES) was downgraded to Neutral from Buy and the price objective was lowered to $12 from $15 (versus a $11.85 close) at Bank of America Merrill Lynch.
Citigroup Inc. (NYSE: C) was raised to Buy from Hold at Deutsche Bank.
Equity Residential (NYSE: EQR) was raised to Buy from Neutral at Merrill Lynch.
Fifth Street Finance Corp. (NASDAQ: FSC) was almost 15% lower on Monday after earnings and a dividend cut. Now we have seen downgrades: to Equal Weight from Overweight at Barclays, to Hold from Buy at Wunderlich and to Market Perform at Raymond James.
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Fifth Third Bancorp (NASDAQ: FITB) was downgraded to Hold from Buy at Deutsche Bank, and the price target was cut to $20 from $23 (versus a $18.79 close).
Gap Inc. (NYSE: GPS) was downgraded to Neutral from Buy at Mizuho.
Hasbro Inc. (NASDAQ: HAS) was raised to Outperform from Market Perform at BMO Capital Markets.
Hain Celestial Group Inc. (NASDAQ: HAIN) was started as Outperform at Bernstein.
Insmed Inc. (NASDAQ: INSM) was started as Buy at Janney Capital Markets.
Occidental Petroleum Corp. (NYSE: OXY) was downgraded to Neutral from Buy at Citigroup.
Qualcomm Inc. (NASDAQ: QCOM) was up over 2.5% at $68.90 after an anti-trust settlement in China. Stern Agee maintained its Buy rating and $75 target price. Canaccord Genuity maintained its Buy rating as well, and Cowen maintained its Outperform rating and $75 price target.
Transocean Ltd. (NYSE: RIG) was downgraded to Underperform from Neutral at Credit Suisse, and the price target was set at $12 (versus a $20.44 closing price).
In case you missed Monday’s top analyst upgrades and downgrades, they included AbbVie, Alcoa, Apple, Deckers Outdoor, Dish Network, Pfizer, Petrobras and many more.
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