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Top Analyst Upgrades and Downgrades: Alarm.com, Pandora, PayPal, SanDisk, SunEdison, Tesla, AMD and More

Stocks were looking for direction on Tuesday as the earnings onslaught begins. One trend that has held up for almost four years now is that investors have bought every stock market sell-off. 24/7 Wall St. reviews dozens of analyst reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, and others cover stocks to sell or avoid.

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

Alarm.com Holdings Inc. (NASDAQ: ALRM) saw its quiet period come to an end with the following initiations: Credit Suisse at Outperform, Goldman Sachs at Neutral, Raymond James at Outperform, Stifel at Buy and William Blair at Outperform.

Pandora Media Inc. (NYSE: P) was reiterated as Buy with a $26 price target (versus a $13.81 close) at Canaccord Genuity. Pandora has a consensus price target of $22.00 and a 52-week trading range of $13.30 to $28.95. That 52-week low of $13.30 was hit on Monday.

PayPal Holdings Inc. (NASDAQ: PYPL) was started as Underweight at Piper Jaffray, started as Buy at BTIG and started as Outperform at RBC Capital Markets. PayPal closed up 5.4% at $40.47 on its first trading day.

SanDisk Corp. (NASDAQ: SNDK) was reiterated as Overweight with a $75.00 target price at Pacific Crest, ahead of Wednesday’s earnings report. SanDisk closed at $55.48, has a consensus analyst price target of $68.60 and has a 52-week range of $53.18 to $106.64.

SunEdison Inc. (NYSE: SUNE) was downgraded to Neutral from Outperform at R.W. Baird. SunEdison closed at $31.66 after its Vivint Solar acquisition, has a consensus price target of $37.54, and has a 52-week range of $13.09 to $33.45.

Tesla Motors Inc. (NASDAQ: TSLA) was downgraded to Sell from Neutral at UBS. Tesla closed at $282.26, has a consensus price target of $288.50 and has a 52-week range of $181.40 to $291.42.

Advanced Micro Devices Inc. (NASDAQ: AMD) was maintained as Neutral but the price target was cut to $2.00 from $2.25 at Mizuho. AMD closed at $1.80 and its 52-week range is $1.77 to $4.32.

ALSO READ: 3 Oil and Gas Analyst Stocks to Buy Now

Other top analyst upgrades and downgrades seen this Tuesday were in shares of the following:

AppFolio Inc. (NASDAQ: APPF) was started as Outperform at William Blair and was started as Neutral at Credit Suisse.

Artisan Partners Asset Management Inc. (NYSE: APAM) was raised to Outperform from Neutral at Credit Suisse.

Calpine Inc. (NYSE: CPN) was maintained as Buy but was removed from the prized Conviction Buy List at Goldman Sachs.

eBay Inc. (NASDAQ: EBAY) was downgraded to Hold from Buy at Stifel.

Gilead Sciences Inc. (NASDAQ: GILD) was reiterated as Outperform with a $125 price target at Cowen.

Green Plains Partners L.P. (NYSE: GPP) saw its quiet period end and it was started in new coverage as follows: Barclays at Overweight, Bank of America Merrill Lynch at Buy, Credit Suisse at Outperform, RBC Capital Markets at Outperform and Stifel at Buy.

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Hasbro Inc. (NASDAQ: HAS) was downgraded to Neutral at Piper Jaffray and downgraded to Market Perform at BMO Capital Markets.

Hertz Global Holdings Inc. (NYSE: HTZ) was reiterated as Buy at Deutsche Bank and the price target was raised to $27 from $24.

International Business Machines Corp. (NYSE: IBM) was maintained as Neutral with a fair value estimate of $160.00 at Janney Capital Markets.

Interactive Intelligence Group Inc. (NASDAQ: ININ) was downgraded to Neutral from Outperform at R.W. Baird.

LinnCo LLC (NASDAQ: LNCO) was downgraded to Outperform from Strong Buy at Raymond James.

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was reiterated as Buy and the fair value estimate was raised to $649 from $561 at Janney Capital Markets. This is ahead of a FDA decision on the potential blockbuster Praluent for high cholesterol, which was initially recommended for approval in a 13 to 3 vote.

United Natural Foods Inc. (NASDAQ: UNFI) was downgraded to Perform from Outperform at Oppenheimer.

Verisk Analytics, Inc. (NASDAQ: VRSK) was raised to Outperform from Sector Perform at Keefe Bruyette & Woods.

Xactly Corp. (NYSE: XTLY) saw its quiet period come to an end and coverage was started as follows: JPMorgan at Overweight, Oppenheimer at Outperform and Deutsche Bank at Buy.

ALSO READ: Which Gold Stocks Will Survive Gold at 5-Year Lows

If you missed out on Monday’s top analyst upgrades and downgrades, they included Amazon.com, Clovis Oncology, Glaukos, Hertz Global, Peabody Energy, Whiting Petroleum and about a dozen more companies.

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