Top Analyst Upgrades and Downgrades: Altria, CenturyLink, Micron, GoGo, AT&T and More

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Stocks are indicated marginally lower on Monday, but the Dow Jones Industrial Average and S&P 500 hit new all-time highs early last week. Investors want to make profits in good stocks, but they also want to avoid the bad stocks. 24/7 Wall St. reviews dozens of analyst research reports each morning for new ideas for its readers. Some reports offer stocks to buy, others cover stocks to sell or avoid. These are this Monday’s top Wall Street analyst upgrades, downgrades and initiations.

Abbott Laboratories (NYSE: ABT) was raised to Outperform from Neutral by Credit Suisse.

Altera Corp. (NASDAQ: ALTR) was raised to Outperform from Sector Perform and the price target was raised to $39 from $36 RBC Capital Markets.

Alliant Techsystems Inc. (NYSE: ATK) was downgraded to Neutral from Buy with a $146 price target at Goldman Sachs.

Altria Group Inc. (NYSE: MO) was downgraded to Market Perform from Outperform with a $41 to $43 price range at Wells Fargo.

AT&T Inc. (NYSE: T) was raised to Outperform with a $41 price target at Raymond James. Credit Suisse maintained its Outperform rating and raised its target to $41 from $39.

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Broadcom Corp. (NASDAQ: BRCM) was raised to Outperform from Sector Perform and the price target was raised to $40 from $33 by RBC Capital Markets.

CenturyLink Inc. (NYSE: CTL) was downgraded to Equal Weight from Overweight by Morgan Stanley.

China Mobile Ltd. (NYSE: CHL) was raised to the prized Conviction Buy List from Neutral with a $61 price target (versus a $49.65 close) at Goldman Sachs.

Deckers Outdoor Corp. (NASDAQ: DECK) was started as Buy with a $94 price target (versus a $79.80 close) at Citigroup.

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Genworth Financial Inc. (NYSE: GNW) was downgraded to Underweight from Equal Weight at Morgan Stanley.

Gogo Inc. (NASDAQ: GOGO) was raised to Buy from Neutral at UBS.

Kimberly-Clark Corp. (NYSE: KMB) was downgraded to Hold from Buy on foreign exchange headwinds and valuation at Argus.

Micron Technology Inc. (NASDAQ: MU) was raised to Outperform from Sector Perform and the price target was raised to $34 from $27 by RBC Capital Markets.

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NVIDIA Corp. (NASDAQ: NVDA) was raised to Outperform from Sector Perform and the price target was raised to $26 from $21 at RBC Capital Markets.

Skechers USA Inc. (NYSE: SKX) was started as Buy with a $49 price target (versus a $40.94 close) at Citigroup.

Texas Instruments Inc. (NASDAQ: TXN) was raised to Outperform from Sector Perform and the price target was raised to $57 from $49 by RBC Capital Markets.

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