Stocks were indicated to be weak on Monday, with some of the blame placed on sanctions and international pressure on Russia. Many investors are still looking for upside and sectors in which to hide. 24/7 Wall St. reviews dozens of analyst reports each morning to find new research-driven ideas for our readers. Some of these analyst calls cover stocks to buy, and some of them cover stocks to sell or to avoid.
These are this Monday’s top analyst upgrades, downgrades and initiations from Wall Street firms.
Apple Inc. (NASDAQ: AAPL) was raised to Outperform from Market Perform at JMP Securities, but the price target was up at $135. Over the weekend we highlighted how analysts and Wall Street investors are valuing Apple ahead of earnings, and it is far less robust than $135.
ARM Holdings PLC (NASDAQ: ARMH) was maintained as Neutral but saw its price target cut in overseas coverage at Citigroup. When you translate the U.K. to U.S. prices, it implies upside of just under 3% now, rather than almost 15% upside previously.
DaVita HealthCare Partners Inc. (NYSE: DVA) was downgraded to Market Perform from Outperform at Raymond James.
Fifth Third Bancorp (NASDAQ: FITB) was raised to Outperform from Neutral with a $23 price target (versus a $20.45 close) at Baird.