Top Analyst Upgrades and Downgrades: AK Steel, Intel, Symantec, Tesla, US Steel, Valeant and More

Investing

Published: March 21, 2016 8:50 am

Last Updated: January 13, 2020 11:43 am

Stocks were indicated to open mixed on Monday, with the markets looking for direction, but this is after they have risen for five weeks and recaptured positive gains for 2016. Investors have now had to migrate to a buy the dips mentality after having sold into every rally for the first six weeks of the year.

24/7 Wall St. reviews dozens of analyst research reports each morning of the week. Our goal is to find new investing and trading ideas for our readers. Some analyst reports cover stocks to buy, and other calls cover stocks to sell or avoid.

Even with oil back above $40 per barrel, the S&P 500 is now back to being valued back above 17.5 times forward 12-month earnings expectations.

These are the top analyst upgrades, downgrades and initiations seen on Monday, March 21, 2016.

AK Steel Holding Corp. (NYSE: AKS) was maintained as Hold but the price target was raised to $4.25 from $2.00 at Jefferies. AK Steel closed most recently at $4.20. It has a consensus analyst price target of $2.46 and a 52-week trading range of $1.64 to $5.93.

Intel Corp. (NASDAQ: INTC) was downgraded to Underperform from Market Perform with a price target of $26 (versus a $32.68 prior close) at Sanford Bernstein.