Top Analyst Upgrades and Downgrades: Anadarko, DuPont, FXCM, Garmin, Netflix, Seagate and More

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By Jon C. Ogg Published
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Stocks were indicated higher on Monday. If there is one thing that has held true for going on three years now, it is that investors have bought stocks after every sell-off. 24/7 Wall St. reviews dozens of brokerage firm analyst reports each morning to find new investment and trading ideas for its readers.

Some analyst reports cover stocks to buy, and others cover stocks to sell or stocks to avoid. These are this Monday’s top analyst upgrades and downgrades.

AmerisourceBergen Corp. (NYSE: ABC) was raised to Buy from Neutral with a $118 price target (versus a $106.15 close) at UBS.

Anadarko Petroleum Corp. (NYSE: APC) was maintained as Buy at Argus, but the firm lowered the price target by $20 to $100.

E.I. du Pont de Nemours and Co. (NYSE: DD), or DuPont, was downgraded to Underperform from Buy at Bank of America Merrill Lynch.

FXCM Inc. (NYSE: FXCM) was downgraded to Underperform from Market Perform at Keefe Bruyette & Woods. This was also one of last week’s five highly unusual movers featured this weekend.

Garmin Ltd. (NASDAQ: GRMN) downgraded to Perform from Outperform at Oppenheimer.

Hanesbrands Inc. (NYSE: HBI) was started as Buy with a $38 price target (versus a $32.61 close) at Sterne Agee.

Inotek Pharmaceuticals Corp. (NASDAQ: ITEK) was started as Outperform and given a $15 price target (versus a $5.69 close) at Cowen.

JetBlue Airways Inc. (NASDAQ: JBLU) was raised to Outperform from Market Perform with a $22 price target (versus an $18.12 close) at Raymond James.

ALSO READ: 8 Analyst Stocks Under $10 With Massive Upside

King Digital Entertainment PLC (NYSE: KING) was raised to Overweight from Neutral with a $20 price target (versus a $14.90 close) at J.P. Morgan.

Netflix Inc. (NASDAQ: NFLX) was downgraded to Sell from Hold and the price target was cut to $380 from $450 (versus a $438.40 close) at Evercore ISI.

NextEra Energy Inc. (NYSE: NEE) was raised to Buy from Hold with a $113 price target (versus a $100.61 close) at Deutsche Bank.

PennyMac Mortgage Investment Trust (NYSE: PMT) was reiterated as Outperform with a $24 price target on recent weakness (versus a $20.69 close) at Credit Suisse.

Petrobras Argentina S.A. (NYSE: PZE) was raised to Buy from Underperform with a $9 price target (versus a $6.35 close) at Merrill Lynch.

Seagate Technology PLC (NASDAQ: STX) was raised to Strong Buy from Buy with a $65 price target (versus a $53.76 close) at Needham.

Union Pacific Corp. (NYSE: UNP) was raised to Outperform from Neutral at Macquarie.

YPF S.A. (NYSE: YPF) was raised to Buy from Underperform and the price objective was raised to $39 from $26 (versus a $26.74 close) at Merrill Lynch.

ALSO READ: 8 Oil and Gas Stocks Analysts Want You to Buy

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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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