Stocks were indicated marginally lower on Monday. With another presidential debate having passed, a muted jobs report, a continued Federal Reserve jawboning about higher rates and more, you might think that high valuations would be harder to deal with. Still, every sell-off in the market has been met by investors buying stocks. Investors are also looking for new ideas to generate income or gains ahead.
24/7 Wall St. reviews dozens of analyst research reports each morning. The goal is to find new investing and trading ideas for our readers. Some analyst research reports cover stocks to buy, and some feature stocks to sell or avoid.
These are the top analyst upgrades, downgrades and initiations seen on Monday morning:
Arch Coal Inc. (NYSE: ARCH) is now back as a public company after emerging from bankruptcy. The newco shares were started with a Buy rating at Stifel, and the firm assigned an $81 price target (versus a $61.70 prior close).
Dow Chemical Co. (NYSE: DOW) was raised to Buy from Neutral with a $62 price target (versus a $52.99 close) at UBS. The stock has a 52-week trading range of $40.26 to $57.10 and a consensus analyst price target of $59.71.
Netflix Inc. (NASDAQ: NFLX) was started as Sell with a $90 price target (versus a $104.82 close) at Deutsche Bank. It has a 52-week range of $79.95 to $133.27 and a consensus price target of $105.21.
Mylan N.V. (NASDAQ: MYL) was raised to Strong Buy from Market Perform with a $57 price target (versus a $35.94 close) at Raymond James. The 52-week range is $35.58 to $55.51. Shares were indicated up about 12% after news of a settlement.
Under Armour Inc. (NYSE: UA) was raised to Outperform from Market Perform at Wells Fargo. It has a 52-week range of $31.61 to $52.37 and a consensus price target of $53.62.
United Technologies Corp. (NYSE: UTX) was downgraded to Neutral from Buy at Citigroup. Shares were down 1.5% at $100.58 on Friday and indicated down 1.4% at $99.20 Monday morning. The 52-week range is $83.39 to $109.83, and the consensus analyst target is $114.00.
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Other key analyst upgrades and downgrades were seen as follows: