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Top Analyst Upgrades and Downgrades: Ally, Corning, Enterprise, Kinder Morgan, Twitter, Aerie Pharma and More
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Stocks were lower again on Tuesday, but off the lows as worries of the Greek situation may be overblown. The one constant trend over the past three and a half years is that investors buy every pullback. 24/7 Wall St. reviews dozens of analyst and brokerage research reports each morning of the week. The goal is to find value and upside, or new trading and investing ideas for our readers. Some analyst calls cover stocks to buy, while other calls are about stocks to sell or avoid.
These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Ally Financial Inc. (NYSE: ALLY) was raised to Buy from Neutral with a $27.00 price target (versus a $22.85 close) at Goldman Sachs. Ally has a consensus price target of $26.63 and a 52-week trading range of $19.42 to $25.14.
Corning Inc. (NYSE: GLW) was raised to Outperform from Sector Perform with a price target of $26.00 (versus a $20.38 close) at RBC Capital Markets. Corning has a $23.97 consensus price target and a 52-week range of $17.03 to $25.16.
Enterprise Product Partners L.P. (NYSE: EPD) was started as Buy with a price target of $39.00 (versus a $32.01 close) at SunTrust. Enterprise has a consensus price target of $40.39 and a 52-week high of $41.38.
Kinder Morgan Inc. (NYSE: KMI) was started as Buy with a price target of $48.00 (versus a $39.36 close) at SunTrust. Kinder Morgan has a consensus price target of $47.76 and a 52-week range of $33.25 to $44.71.
Twitter Inc. (NYSE: TWTR) was downgraded to Neutral from Buy with a price target of $39.00 (versus a $34.67 close) at MKM Partners. The firm sees no near-term catalysts for short-term improvements. 24/7 Wall St. just offered a fresh view of how analysts see Twitter after the Costolo resignation news.
Aerie Pharmaceuticals Inc. (NASDAQ: AERI) shares were up more than 50% after positive FDA news about changing its primary endpoint of Rhopressa. Needham raised its rating to Buy from Hold with a $27.00 price target (versus a $13.27 close and a $20.75 premarket level).
ALSO READ: 6 Analyst Stocks Called to Rise 50% to 100%
Following are additional analyst upgrades, downgrades and initiations seen Tuesday morning:
Baozun Inc. (NASDAQ: BZUN) was started as Buy with a $14 price objective (versus a $11.84 close) at Bank of America Merrill Lynch.
Barrick Gold Corp. (NYSE: ABX) was started as Outperform with a price target of $16.00 (versus a $11.47 close) at BMO Capital Markets.
Cavium Inc. (NASDAQ: CAVM) was started as Outperform with a $85.00 price target (versus a $73.89 close) at CLSA.
FreightCar America Inc. (NASDAQ: RAIL) was raised to Buy from Hold with a price target of $29.00 (versus a $21.97 close) at Stifel.
Goldcorp (NYSE: GG) was started as Outperform with a price target of $22.00 at BMO Capital Markets.
ALSO READ: Gold Index Rebalance Impacts Many Gold Stocks
Methode Electronics Inc. (NYSE: MEI) was downgraded to Neutral from Outperform at RW Baird.
Monster Beverage Corp. (NASDAQ: MNST) was added to the Focus List at Citigroup, based on significant upside coming over the next five years.
Planar Systems Inc. (NASDAQ: PLNR) was raised to Buy from Neutral with a $6.00 price target (versus a $4.11 close) at B. Riley. Planar has a consensus target of $6.50 and a 52-week range of $2.14 to $9.17.
Reynolds America Inc. (NYSE: RAI) was added to the prized Conviction Buy List at Goldman Sachs. The firm said it is now best in class after the Lorillard acquisition.
Ryland Group Inc. (NYSE: RYL) was downgraded to Market Perform from Market Outperform at JMP Securities.
Standard Pacific Corp. (NYSE: SPF) was downgraded to Neutral from Outperform at Credit Suisse on the heels of its merger.
United Natural Foods Inc. (NASDAQ: UNFI) was downgraded from Buy to Hold at Argus.
Wex Inc. (NYSE: WEX) was started as Hold with a price target of $110.00 (versus a $114.21 close) at Topeka Capital Markets.
ALSO READ: 11 Ways the EU Can Force Greece’s Hand, or Get Even With It
In case you missed Monday’s top analyst upgrades and downgrades, they were in shares of EMC, Herbalife, Micron Technology, Petrobras, SanDisk and over a dozen more.
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