Top Analyst Upgrades and Downgrades: AK Steel, Carnival, EMC, Kinder Morgan, NVIDIA, Staples, Tyco and More

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By Jon C. Ogg Published
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Stocks were indicated marginally lower and were still looking for direction Monday morning. Still, the S&P 500 was above 2,100 and the Dow Jones Industrial Average was above 18,100 after Friday’s rally. The one trend that has remained in place for almost three years now is that investors unilaterally buy their favorite stocks after each and every pullback. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for its readers. Some of these analyst reports cover stocks to buy, while other reports cover stocks to sell or to avoid. These are this Monday’s top analyst upgrades and downgrades.

AK Steel Corp. (NYSE: AKS) was downgraded to Neutral from Outperform at Macquarie.

American Homes 4 Rent (NYSE: AMH) was raised to Overweight at Morgan Stanley.

ArcelorMittal (NYSE: MT) was downgraded to Hold from Buy at Jefferies.

Biogen Idec Inc. (NASDAQ: BIIB) was downgraded to Hold from Buy at Stifel.

Callaway Golf Co. (NYSE: ELY) was raised to Outperform from In-Line and the price target was raised to $12 from $8 (versus a $8.58 close) at Imperial Capital.

Carnival Corp. (NYSE: CCL) was downgraded to Hold from Buy with a $51 price target (versus a $46.88 close) at Deutsche Bank.

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Dynavax Technologies Corp. (NASDAQ: DVAX) was raised to Overweight from Neutral at J.P. Morgan.

EMC Corp. (NYSE: EMC) was downgraded to Neutral from Overweight and the target price was cut to $27 from $30 (versus a $26.70 close) at Piper Jaffray

Enterprise Products Partners L.P. (NYSE: EPD) was raised to Buy from Hold at Jefferies.

Kinder Morgan Inc. (NYSE: KMI) was started as Buy with a $50 price target at Argus.

Navios Maritime Partners L.P. (NYSE: NMM) was raised to Buy from Hold at Deutsche Bank.

NetApp Inc. (NASDAQ: NTAP) was downgraded to Neutral and the target price was cut to $36 from $42 (versus a $37.32 close) from Overweight at Piper Jaffray.

NVIDIA Corp. (NASDAQ: NVDA) was downgraded to Sell from Neutral with a $20 price target (versus a $23.47 close) at Goldman Sachs.

ALSO READ: 11 Analyst Stock Picks Under $10 for Huge Upside

Staples Inc. (NASDAQ: SPLS) was raised to Buy from Neutral at UBS.

Targa Resources Partners L.P. (NYSE: NGLS) was raised to Buy from Hold at Jefferies.

Tyco International Ltd. (NYSE: TYC) was raised to Overweight from Equal Weight with a $48 price target (versus a $43.14 close) at Barclays.

Xylem Inc. (NYSE: XYL) was downgraded to Equal Weight from Overweight at Barclays.

In case you missed Friday’s top analyst upgrades and downgrades, they were in shares of Boston Scientific, Carnival, Ericsson, Honeywell, Pier 1 Imports, Tesoro, Trimble Navigation and many more. Also, here are five 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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