Top Analyst Upgrades and Downgrades: Alcoa, Intel, Lululemon, MannKind, Marathon, Occidental and More

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It is Friday (the 13th, mind you) and stocks are trying to find direction after a couple of big selling days this week. Investors keep hearing that the raging bull market has migrated into a stock picker’s market. Each morning of the week, 24/7 Wall St. reviews dozens of analyst research reports to find new ideas for our readers. Some of the Wall Street research reports from analysts cover stocks to buy, and some of them cover stocks to sell or to avoid.

These are this Friday’s top Wall Street analyst upgrades, downgrades and initiations.

Alcoa Inc. (NYSE: AA) was raised to Market Perform from Underperform with a $14 price target (versus a $14.01 close) at BMO Capital Markets.

American Tower Corp. (NYSE: AMT) was started as Outperform with a $101 price target (versus an $87.90 close) at Credit Suisse. The firm only gave Neutral ratings in the call to SBA Communications and to Crown Castle.

ConocoPhillips (NYSE: COP) was started with a Hold rating and given an $89 price target (versus a $82.86 close) at Jefferies.

Fusion-io Inc. (NYSE: FIO) was started with a Buy rating and given a $12.50 price target (versus $8.83 closing price) at Roth Capital.

ALSO READ: Credit Suisse Top Chip Stock Picks for High Growth

Intel Corp. (NASDAQ: INTC) raised its guidance and shares were surging. Its rating was raised to Buy from Neutral with a $35 price target at Roth Capital. Sterne Agee maintained its Neutral rating but raised its target price to $24 from $20. Canaccord Genuity maintained its Buy rating and raised the price target to $31 from $29, while Deutsche Bank reiterated its Buy rating and raised the target to $35. Morgan Stanley also raised its rating to Equal Weight from Underweight.