Stocks were indicated higher again on Thursday, with the markets trying to make for the first four-day rally of 2016. Is it possible that the trend of 2011 to 2015 is back, wherein investors decide to buy all the dips? Or will selling into rallies resume at the next hint of bad news?

24/7 Wall St. reviews dozens of analyst reports each day to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, while other reports cover stocks to sell or avoid.

These are the top analyst upgrades, downgrades and initiations seen on Thursday, February 18, 2016.

Amazon.com Inc. (NASDAQ: AMZN) was raised to Buy from Hold and the price target was raised to $750 from $600 at Canaccord Genuity. Shares closed up 2.5% at $534.10 on Wednesday and were indicated up 1% at $540.00 or so early Thursday. The consensus analyst target is $738.10 and the 52-week trading range is $365.65 to $696.44.

Brocade Communications Systems Inc. (NASDAQ: BRCD) was raised to Buy from Hold with a $10.50 price target (versus an $8.52 prior close, after a 3% gain) at Wunderlich. Brocade has a consensus analyst target of $10.23 and a 52-week range of $7.40 to $12.96.

Garmin Ltd. (NASDAQ: GRMN) was downgraded to Underweight from Neutral with a $36 price target (versus a $41.06 close) at JPMorgan. The stock was up 16% after earnings but was last seen indicated down 3.5% at $39.65. Garmin has a consensus analyst target of $38.33 and a 52-week range of $30.93 to $51.70.

International Business Machines Corp. (NYSE: IBM) was raised to Overweight from Equal Weight and the price target was raised to $140 from $135 at Morgan Stanley.

Nabors Industries Ltd. (NYSE: NBR) was reiterated as Outperform but the target was raised to $13.00 from $8.50 (versus a $7.16 close) at Cowen. The consensus analyst target is $10.59, and the 52-week range is $4.93 to $16.99.

Peabody Energy Corp. (NYSE: BTU) was maintained as Underweight but the price target was cut all the way to $1.00 from $7.00 at Barclays. This was the third target cut or downgrade this week, but Peabody shares closed up 7% at $2.49 on Wednesday.

Shopify Inc. (NYSE: SHOP) was raised to Buy from Hold at Canaccord Genuity. It closed up 9% at $22.37 after earnings, and it has a $32.00 consensus target and a 52-week range of $17.00 to $42.13.

Urban Outfitters Inc. (NASDAQ: URBN) was maintained as Sector Perform but the price target was raised to $25 from $23 at RBC Capital Markets. The stock closed up 2.6% at $26.67 on Wednesday. It has a consensus target price of $26.76 and a 52-week range of $19.26 to $47.25.

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Other key analyst upgrades and downgrades seen on Thursday were in the following:

• Breitburn Energy Partners L.P. (NASDAQ: BBEP) was downgraded to Underperform from Market Perform at Wells Fargo.
• Express Scripts Holding Co. (NASDAQ: ESRX) was reiterated as Overweight and the price target was raised to $102 from $85 at Barclays.
• Ingram Micro Inc. (NYSE: IM) is being acquired, and Citigroup rapidly downgraded it to Neutral from Buy.
• Lexmark International Inc. (NYSE: LXK) was raised to Neutral from Underperform at Credit Suisse.
• Linn Energy LLC (NASDAQ: LINE) was downgraded to Underperform from Market Perform at Wells Fargo.
• Red Hat Inc. (NYSE: RHT) was raised to Buy from Neutral at Citigroup.

If you missed Wednesday’s top analyst upgrades and downgrades, they included Cerner, Intel, Peabody Energy, Rackspace, Weyerhaeuser, Whole Foods and over a dozen more.

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