Investing

Top Analyst Upgrades and Downgrades: AES, Citigroup, Gap, Occidental, Qualcomm, Transocean and More

Stocks were looking to bounce on Tuesday after a small sell-off from Monday. Investors keep proving that they will buy solid value and overlooked stocks on every pullback. That has been the case for more than two years now. 24/7 Wall St. reviews dozens of analyst reports each morning to find new investment and trading ideas for our readers. Some of the daily analyst reports cover stocks to buy, while other reports cover stocks to sell or avoid.

These are this Tuesday’s top analyst upgrades, downgrades and initiations.

AES Corp. (NYSE: AES) was downgraded to Neutral from Buy and the price objective was lowered to $12 from $15 (versus a $11.85 close) at Bank of America Merrill Lynch.

Citigroup Inc. (NYSE: C) was raised to Buy from Hold at Deutsche Bank.

Equity Residential (NYSE: EQR) was raised to Buy from Neutral at Merrill Lynch.

Fifth Street Finance Corp. (NASDAQ: FSC) was almost 15% lower on Monday after earnings and a dividend cut. Now we have seen downgrades: to Equal Weight from Overweight at Barclays, to Hold from Buy at Wunderlich and to Market Perform at Raymond James.

ALSO READ: Analyst Now Bullish on 5 Oil and Gas Stocks

Fifth Third Bancorp (NASDAQ: FITB) was downgraded to Hold from Buy at Deutsche Bank, and the price target was cut to $20 from $23 (versus a $18.79 close).

Gap Inc. (NYSE: GPS) was downgraded to Neutral from Buy at Mizuho.

Hasbro Inc. (NASDAQ: HAS) was raised to Outperform from Market Perform at BMO Capital Markets.

Hain Celestial Group Inc. (NASDAQ: HAIN) was started as Outperform at Bernstein.

Insmed Inc. (NASDAQ: INSM) was started as Buy at Janney Capital Markets.

Occidental Petroleum Corp. (NYSE: OXY) was downgraded to Neutral from Buy at Citigroup.

Qualcomm Inc. (NASDAQ: QCOM) was up over 2.5% at $68.90 after an anti-trust settlement in China. Stern Agee maintained its Buy rating and $75 target price. Canaccord Genuity maintained its Buy rating as well, and Cowen maintained its Outperform rating and $75 price target.

Transocean Ltd. (NYSE: RIG) was downgraded to Underperform from Neutral at Credit Suisse, and the price target was set at $12 (versus a $20.44 closing price).

In case you missed Monday’s top analyst upgrades and downgrades, they included AbbVie, Alcoa, Apple, Deckers Outdoor, Dish Network, Pfizer, Petrobras and many more.

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.