Top Analyst Upgrades and Downgrades: Amarin, Boeing, Cisco, KKR, NetApp, Twitter and More

Investing

Published: May 12, 2014 8:30 am

Stocks are trying to recover on Monday, and earnings season is starting to wind down. Investors want to find profits, but they want to avoid catching the top or picking bad stocks. 24/7 Wall St. reviews dozens of analyst research reports each morning for new ideas for its readers. These are this Monday’s top Wall Street analyst upgrades, downgrades and initiations.

Aircastle Ltd. (NYSE: AYR) was raised to Outperform from Market Perform at Cowen and Co.

Amarin Corp. (NASDAQ: AMRN) was downgraded to Neutral from Buy at Citigroup.

Barclays PLC (NYSE: BCS) was downgraded to Neutral from Outperform by BNP Paribas. RBC Capital Markets also downgraded the British bank to Sector Perform from Outperform.

Boeing Co. (NYSE: BA) was reiterated as Buy with a $164 price target at Sterne Agee, ahead of next week’s investor day.

Boulder Brands Inc. (NASDAQ: BDBD) was raised to Buy from Neutral and the price target was raised to $23 from $15 by SunTrust Robinson Humphrey.

Carlyle Group L.P. (NASDAQ: CG) was downgraded to Neutral from Buy at Goldman Sachs.

Cardiovascular Systems Inc. (NASDAQ: CSII) was started with a Buy rating and a $38 price target at Bank of America Merrill Lynch.

Cisco Systems Inc. (NASDAQ: CSCO) was maintained as Underperform with a $20 price target at Credit Suisse, ahead of this week’s earnings report.

Dick’s Sporting Goods Inc. (NYSE: DKS) was started as Outperform with a $65 price target by Credit Suisse.

Forest Oil Corp. (NYSE: FST) was raised to Neutral from Underperform at Macquarie.

Iridium Communications Inc. (NASDAQ: IRDM) was raised to Outperform from Neutral at Macquarie.

Kohlberg Kravis Roberts & Co. (NYSE: KKR) was started as Buy with a $28 price target at Goldman Sachs.

Logitech International S.A. (NASDAQ: LOGI) was raised to Outperform from Neutral at Credit Suisse.

M&T Bank Corp. (NYSE: MTB) was raised to Buy from Neutral with a $145 price target at Goldman Sachs.

NetApp Inc. (NASDAQ: NTAP) was downgraded to Market Perform from Outperform at Raymond James.

Peabody Energy Corp. (NYSE: BTU) was raised to Overweight from Equal Weight by Morgan Stanley, a rare upgrade considering this is a coal stock.

Ralph Lauren Corp. (NYSE: RL) was downgraded to Neutral from Outperform at Credit Suisse.

Twitter Inc. (NYSE: TWTR) was raised to Buy from Neutral with a $45 price target at SunTrust Robinson Humphrey. Over the weekend, we also pointed out last week’s two upgrades to Neutral and showed why Twitter may have found a near-term bottom.

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