Top Analyst Upgrades and Downgrades: Hain Celestial, IBM, JPMorgan, Marathon Oil, Regions Financial, Tableau Software, GrubHub and More

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Stocks are at all-time highs and the valuation of 18.1 times forward earnings for the S&P 500 is not scaring investors away. Low interest rates and a lack of choices for income keep driving investors toward stocks. The reality is that investors have proven over and over that they will buy any market sell-off and that they are looking for new ideas to generate income or gains.

24/7 Wall St. reviews dozens of analyst research reports each morning of the week. The goal is to find new investing and trading ideas. Some of these analyst reports cover stocks to buy. Other reports feature stocks to sell or to avoid.

These are the top analyst upgrades, downgrades and initiations seen on Tuesday morning:

Hain Celestial Group Inc. (NASDAQ: HAIN) announced a delay in the release of fourth-quarter results due to the evaluation of revenue associated with concessions to certain distributors. The stock was downgraded to Neutral from Buy at SunTrust Robinson Humphrey, and Wedbush Securities cut its rating to Neutral from Outperform. Oppenheimer lowered its target price to $45 from $52. Piper Jaffray lowered its rating to Underweight from Equal Weight. The shares were last indicated down 27% at $39.00, versus a 52-week trading range of $33.12 to $66.78.

International Business Machines Corp. (NYSE: IBM) was started with a Perform rating at Oppenheimer, and its rating comes with no formal price target. Oppenheimer has a positive bias on IBM’s turnaround but the firm sees it not being far along enough to deliver upside on a consistent basis in a manner that would bring valuation multiple expansion.

JPMorgan Chase & Co. (NYSE: JPM) was downgraded to Market Perform from Outperform with a $67 price target (versus a $65.72 prior close) at Bernstein. Jamie Dimon’s bank has a consensus analyst price target of $69.58 and a 52-week range of $50.07 to $69.03.

Marathon Oil Corp. (NYSE: MRO) was raised to Buy from Neutral with a $21 price objective (versus a $14.90 close) at Merrill Lynch. The consensus price target is $18.00, and the 52-week range is $6.52 to $20.44.

Regions Financial Corp. (NYSE: RF) was downgraded to Market Perform from Outperform with a $9.50 price target (versus a $9.56 close) at Bernstein. It has a consensus price target of $10.01 and a 52-week range of $7.00 to $10.60.

Tableau Software Inc. (NYSE: DATA) was started as Outperform with a $62 price target at Oppenheimer. Positives were in customer adds, growing client opportunities and benefits of its online business. The consensus price target is $63.74, and the 52-week range is $36.60 to $108.41.

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Other key analyst upgrades and downgraded were seen as follows: