Top Analyst Upgrades and Downgrades: Citigroup, Equinix, IBM, Visa, Yahoo, Walmart and More

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Stocks have been trying to recover from their sell-off, but investors remain wary. Equity investors want upside from stocks, but they also want to avoid a market correction or a bad stock pick. 24/7 Wall St. reviews many analyst research reports each morning of the week for new ideas for our readers. Some of the analyst calls cover stocks to buy, while others cover stocks to sell or stocks to avoid. These are this Tuesday’s top analyst upgrades, downgrades and initiations.

Citigroup Inc. (NYSE: C) was raised to Outperform from Market Perform at Bernstein. Sterne Agee maintained its Neutral rating but raised estimates.

Dean Foods Co. (NYSE: DF) was started with a Buy rating at BB&T Capital Markets.

EnerNOC Inc. (NASDAQ: ENOC) was raised to Overweight from Neutral with a $24.50 price target by J.P. Morgan.

Equinix Inc. (NASDAQ: EQIX) was raised to Outperform from Perform at Oppenheimer.

Halozyme Therapeutics Inc. (NASDAQ: HALO) was started as Buy at Citigroup.

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International Business Machines Corp. (NYSE: IBM) was downgraded to Neutral from Buy at Citigroup.

Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Buy with a $69 target around the analyst day at Canaccord Genuity.

MasterCard Inc. (NYSE: MA) was raised to Buy from Neutral at Janney Capital Markets.

Morgan Stanley (NYSE: MS) was raised to Buy from Neutral at Bank of America Merrill Lynch.

PetSmart Inc. (NASDAQ: PETM) was downgraded to Underperform from Neutral at Merrill Lynch.

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Repligen Corp. (NASDAQ: RGEN) was started with a Buy at Jefferies.

Spansion Inc. (NYSE: CODE) was started as Buy at Sterne Agee.

Wal-Mart Stores Inc. (NYSE: WMT) was downgraded to Underperform from Market Perform at William Blair.

Visa Inc. (NYSE: V) was raised to Buy from Neutral at Janney Capital Markets.

Yahoo! Inc. (NASDAQ: YHOO) was raised to Outperform from Neutral at Macquarie.