Stocks were sharply higher after the European Central Bank set further quantitative easing with more rate cuts (negative rates too) and increased asset purchases. This is driving the S&P over 2,000 and the Dow over 17,000. The first six weeks of 2016 were simply for selling into rallies, but we are now almost at four weeks of rallying.

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

These are the top analyst upgrades, downgrades and initiations seen on Thursday, March 10, 2016.

DepoMed Inc. (NASDAQ: DEPO) was started as Outperform with a $21 price target (versus a $14.62 prior close) at Leerink. It has a consensus analyst target of $24.70 and a 52-week trading range of $13.27 to $33.74.

Enterprise Products Partners L.P. (NYSE: EPD) was maintained as Outperform with a $30 price target at Credit Suisse. The firm lowered earnings expectations in the call but said that the outlook remains strong. Shares closed at $23.40 and have a $32.17 consensus analyst target and a 52-week range of $19.00 to $34.73.

Expedia Inc. (NASDAQ: EXPE) was raised to Overweight from Neutral and the price target was lifted to $140 from $130 (versus a $105.69 close) at Piper Jaffray. Expedia has a consensus price target of $131.46 and a 52-week range of $88.40 to $140.51.

Netflix Inc. (NASDAQ: NFLX) was maintained as Buy with a $164 price objective at Bank of America Merrill lynch. The firm sees some risks to near-term subscriber estimates, but sees a strong long-term growth story. The $164 target was based on its peak penetration sum of the parts valuation.

Sunrun Inc. (NASDAQ: RUN) was started as Buy with a price target of $15 (versus a $6.65 close) at Deutsche Bank. The consensus price target is $18.42, and the 52-week range is $4.86 to $14.95.

Vale S.A. (NYSE: VALE) was downgraded to Hold from Buy at Stifel. The stock closed at $3.93 and has a 52-week range of $2.13 to $9.14.

You can follow @Jonogg if you wish for the analyst reports and daily research and market calls to appear directly on your Twitter feed.

Other key analyst upgrades and downgrades were seen on Thursday in the following:
Antero Resources Corp. (NYSE: AR) was downgraded to Neutral from Outperform with a $26 price target (down from $30 and versus a $22.88 prior close) at R.W. Baird.

Air Transport Services Group Inc. (NASDAQ: ATSG) has an Outperform rating at Cowen, but the firm raised its price target from $12 to $18 after the Amazon news sent shares up over 16% to $13.73.

Kohl’s Corp. (NYSE: KSS) was maintained as Buy and the price target was raised to $57 from $53 at Jefferies.

Moog Inc. (NYSE: MOG-A) was downgraded to Underperform and the price objective was cut to $45 from $70 at Merrill Lynch.

Range Resources Corp. (NYSE: RRC) was downgraded to Neutral from Outperform with a price target of $31 (versus a $29.55 close) at R.W. Baird.

Rogers Corp. (NYSE: ROG) was raised to Buy from Neutral with a $70 price target at B. Riley.

Square Inc. (NYSE: SQ) was reiterated as Buy with a $15 price target at Jefferies. Despite higher guidance, the firm views the outlook as likely conservative.

Summit Midstream Partners L.P. (NYSE: SMLP) was downgraded to Neutral from Buy at Citigroup.

Virtus Investment Partners Inc. (NYSE: VRTS) was downgraded to Hold from Buy and the price target was slashed from $99.00 to $74.00 at Jefferies.

8point3 Energy Partners L.P. (NASDAQ: CAFD) was downgraded to Sell from Neutral with an $11 price target at UBS.

Jefferies made some changes on its top picks, removing Manitowoc Co. Inc. (NYSE: MTW), Manitowoc Foodservice Inc. Co. (NYSE: MFS) and Mallinckrodt PLC (NYSE: MNK) from its U.S. Franchise Picks list.

If you missed Wednesday’s top analyst upgrades and downgrades, they included BHP Billiton, CBS, Chevron, CSC, FireEye, Frontier Communications, Yelp and roughly a dozen other companies.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.