Analyst Upgrades and Downgrades Keep Coming: Corning, LeapFrog, Dean Foods and More

September 3, 2013 by Jon C. Ogg

Many research reports were delayed in their normal times on Tuesday, likely due to a post-Labor Day drag as employees may have been taking their kids to school or simply coming in later than normal. 24/7 Wall St. reviews dozens of Wall Street analyst research reports each and every morning to find fresh ideas for investors and traders, for stocks to buy and stocks to sell. We already released Tuesday’s normal analyst upgrades and downgrades, and these are some additional calls to peruse as well.

Coca-Cola Enterprises Inc. (NYSE: CCE) was raised to the prized Conviction Buy List from Neutral with a $47 price target at Goldman Sachs, sending shares up almost 3% to $38.50 on the upgrade.

Constellation Brands Inc. (NYSE: STZ) was raised to Buy from Neutral with a $65 price target at Goldman Sachs.

Corning Inc. (NYSE: GLW) was downgraded to Perform from outperform at Oppenheimer, taking out 0.3% of the value of shares down to $14.00 on the news.

Cvent Inc. (NYSE: CVT) was started as Buy with a $41 price target at Stifel Nicolaus, started as Outperform with a $40 price target at Pacific Crest and started as Buy with a $42 price target at Needham & Company. Shares are up about 1.5% at $36.15

Dean Foods Co. (NYSE: DF) was downgraded to Neutral from Buy at Goldman Sachs, taking out about 2% of the value of the shares on Tuesday.

Fox Factory Holding Corp. (NASDAQ: FOXF) saw its quiet period end: started as Outperform with a $23 price target at Baird, started as Overweight with a $21 price target at Piper Jaffray and started as Buy with a $23 price target at SunTrust. Shares are down about 0.5% at $18.05 as the implied upside is not that stellar for recent IPO coverage.

LeapFrog Enterprises (NYSE: LF) was downgraded to Market Perform from Outperform and the price target was slashed down to $10 from $15 by BMO Capital Markets, taking out almost 7% of the value based up glitches or issues with its new tablet product.

Owens-Illinois Inc. (NYSE: OI) was upgraded to Overweight from Neutral by J.P. Morgan, sending shares up almost 4%.

Also see a guide to oil and stocks based up military action in Syria  prepared by UBS.

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