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Top Analyst Upgrades and Downgrades: Container Store, HP, Verizon, 3D Systems and More

Stocks are close to their highs again and earnings season is winding down. Now investors and analysts are looking to properly balance their expectations for the rest of the year. 24/7 Wall St. reviews dozens of Wall Street analyst research reports each morning for new ideas, some of which are stocks to buy and some are stocks to sell. These are this Monday’s top analyst upgrades, downgrades and initiations seen from Wall Street research firms.

The Container Store Group Inc. (NYSE: TCS) was downgraded to Underperform from Neutral at Bank of America Merrill Lynch and was downgraded to Hold from Buy at Stifel Nicolaus.

Hewlett-Packard Inc. (NYSE: HPQ) was raised to Buy from Hold with a $37 price target at Argus, based on cash growth and operating momentum. Over the weekend we also asked if Goldman Sachs is simply being too hard on Hewlett-Packard with its Sell rating and street low target of $21.

Verizon Communications Inc. (NYSE: VZ) was raised to Buy from Neutral, and it was given a $55 price target, at Merrill Lynch. With the 4.5% dividend, this implies 21% upside if the target is achieved. The firm likes the risk-reward profile, its fundamental positioning and the potential for upside to earnings expectations.

3D Systems Corp. (NYSE: DDD) was downgraded to Underperform from Buy at Merrill Lynch. The firm has concerns that organic growth is likely peaking, as well that its long-term margin profile is at risk. The firm also believes that the increased investments are more of a catchup strategy and are unlikely to drive future incremental growth.

Other Key Analyst Calls

BankUnited Inc. (NYSE: BKU) was raised to Outperform from Neutral and the price target was raised to $37 from $33 at Credit Suisse.

Canadian Solar Inc. (NASDAQ: CSIQ) was started as Overweight at J.P. Morgan.

Comcast Corp. (NASDAQ: CMCSA) was raised to Outperform from Sector Perform at Pacific Crest.

Goodrich Petroleum Corp. (NYSE: GDP) was maintained as Buy but the price target was lowered to $24 from $30, with the explanation not given up and that the stock is oversold, at Canaccord Genuity.

H&R Block Inc. (NYSE: HRB) was started with an Outperform rating and $37 price target at Credit Suisse.

Kindred Healthcare Inc. (NYSE: KND) was raised to Market Perform from Underperform at Wells Fargo.

Marriott International Inc. (NYSE: MAR) was raised to Outperform from Market Perform at Raymond James.

Halliburton Co. (NYSE: HAL) was downgraded to Market Perform from Outperform at Wells Fargo.

U.S. Steel Corp. (NYSE: X) was downgraded to Hold from Buy at KeyBanc Capital Markets.

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