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Top Wall Street Analyst Downgrades: AIG, Coach, J.C. Penney and More
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Investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms. What investors often do not get to see is when analyst downgrade stocks to sell or to avoid. 24/7 Wall St. reviews many fresh research calls each and every day to find great ideas from value stocks to growth stocks to dividend stocks and we have broken out the negative analyst calls today. These are this Tuesday’s top analyst downgrades and cautious research notes from Wall Street.
American International Group Inc. (NYSE: AIG) was cut to Neutral from Buy at Goldman Sachs.
Alpha Natural Resources Inc. (NYSE: ANR) was cut to Sell from an already cautious Neutral rating at Goldman Sachs.
American Eagle Outfitters Inc. (NYSE: AEO) was cut to Market Perform from Outperform at Wells Fargo.
Coach Inc. (NYSE: COH) was cut to Market Perform from Outperform at Wells Fargo.
Incyte Corp. (NASDAQ: INCY) was resumed in coverage with a Sell rating at Goldman Sachs.
J.C. Penney Co. Inc. (NYSE: JCP) was started as Underperform at Wells Fargo.
T-Mobile USA Inc. (NYSE: TMUS) was initiated as Underperform at Bank of America/Merrill Lynch.
TJX Companies Inc. (NYSE: TJX) was cut to Market Perform from Outperform at Wells Fargo.
Tiffany & Co. (NYSE: TIF) was cut to Market Perform from Outperform at Wells Fargo.
See also: Top Analyst Upgrades and Positive Calls This Tuesday
Deutsche Bank said that it is time to sell industrial stocks to rotate back into banks and technology.
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