Top Wall Street Analyst Upgrades: Allergan, Arch, Petrobras and More
May 2, 2013 by Jon C. OggInvestors and traders are always looking to find fresh research ideas that will lead to higher income or more profits. 24/7 Wall St. reviews many fresh analyst research calls to find great ideas from value stocks to growth stocks to dividend stocks. We are breaking out the positive analyst calls as far as stocks to buy and positive research calls today. These are some of this Thursday’s top analyst upgrades, initiations and positive analyst research calls seen from Wall Street today.
Allergan Inc. (NYSE: AGN) was raised to Buy from Neutral at Lazard after this week’s weakness.
Arch Coal Inc. (NYSE: ACI) was raised to Equal Weight from Underweight at Morgan Stanley.
CNH Global N.V. (NYSE: CNH) was named Bull of the Day as emerging markets are driving increased food demand according to Zacks Investment Research.
Invesco Ltd. (NYSE: IVZ) was raised to Buy from Neutral at Stern Agee.
LifeLock Inc. (NYSE: LOCK) was reiterated as Buy with a $12.50 target by Canaccord Genuity. The firm called it “Locked and loaded for more good quarters; stock seems too cheap down here.”
Petróleo Brasileiro S.A. (NYSE: PBR) was reiterated Outperform at Credit Suisse.
PrivateBancorp Inc. (NASDAQ: PVTB) was raised to Strong Buy from Outperform at Raymond James.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was raised to Outperform from Market Perform at JMP Securities.
Renewable Energy Group Inc. (NASDAQ: REGI) was reiterated Buy and the price target was raised to $12 from $9 by Canaccord Genuity.
Seagate Technology PLC (NASDAQ: STX) was raised to Buy from Hold at Needham.
Superior Energy Services Inc. (NYSE: SPN) was raised to Buy from Hold at Jefferies.
Yelp Inc. (NYSE: YELP) was raised to Market Perform at Northland Securities.
Merrill Lynch gave a list of stocks expected to breakout even if the “Sell in May and Go Away” theme arises this year. Jefferies also has its top buy ratings for the tech, media, and telecom (TMT) sectors ahead of next week’s Jefferies Annual 2013 TMT Conference.
See also: Top Analyst Downgrades and Cautious Calls from Wall Street
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