Stocks have backed off fresh all-time highs, yet investors still want upside from the bull market. These same investors also want to avoid the next big sell-off. 24/7 Wall St. reviews many analyst research reports each morning, on the hunt for new ideas for its readers. Some of these reports cover stocks to buy, and some cover stocks to sell or avoid. These are this Monday’s top analyst upgrades, downgrades and initiations.
Alcoa Inc. (NYSE: AA) was raised to Hold from Sell at Deutsche Bank, just a day ahead of the aluminum company’s earnings report.
American Airlines Group Inc. (NYSE: AAL) was started with a Buy rating and given a $46 price target (versus a $36.56 close) at Goldman Sachs.
American Eagle Outfitters Inc. (NYSE: AEO) was downgraded to Underperform from Market Perform at Cowen and Co.
Analog Devices Inc. (NYSE: ADI) was raised to Neutral from Sell at Goldman Sachs.
Avago Technologies Ltd. (NASDAQ: AVGO) was maintained as Buy but was removed from the prized Conviction Buy List at Goldman Sachs.
Conversant Inc. (NASDAQ: CNVR) was downgraded to Sell from Neutral at Goldman Sachs.
Citigroup Inc. (NYSE: C) was raised to Neutral from Underweight at HSBC Securities.
Intel Corp. (NASDAQ: INTC) was raised to Outperform from Sector Perform and given a $31 price target by Pacific Crest.
Newmont Mining Corp. (NYSE: NEM) was raised to Hold from Sell by Deutsche Bank.
Rocket Fuel Inc. (NASDAQ: FUEL) was raised to Outperform from Market Perform by BMO Capital Markets.
Statoil ASA (NYSE: STO) was downgraded to Sell from Neutral at Goldman Sachs.
Under Armour Inc. (NYSE: UA) was raised to Buy from Hold and given a $125 price target at Sterne Agee.
Willis Group Holdings PLC (NYSE: WSH) was raised to Neutral from Underperform at Sterne Agee.