Top Analyst Upgrades and Downgrades: AMC, Cisco, NextEra, NRG, Staples and More

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By Jon C. Ogg Published
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Bull and Bear

Stocks are firm on Tuesday after a three-day weekend. Now investors keep hearing that it is a stock picker’s market rather than a raging bull market. 24/7 Wall St. reviews dozens of analyst research reports for new ideas each trading day. Some reports cover stocks to buy, and others cover stocks to sell or to avoid. These are this Tuesday’s top Wall Street analyst upgrades, downgrades and initiations.

AMC Entertainment Holdings Inc. (NYSE: AMC) was raised to Buy from Neutral at B. Riley.

AstraZeneca PLC (NYSE: AZN) was downgraded to Sell from Hold at Societe Generale.

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) was downgraded to Neutral from Overweight by HSBC.

Burger King Worldwide Inc. (NYSE: BKW) was started as Equal Weight at Morgan Stanley.

Cisco Systems Inc. (NASDAQ: CSCO) was raised to Buy from Hold and the price target was raised to $30 from $25 at Deutsche Bank.

ALSO READ: Thirteen Analyst Stocks Under $10 With Big Upside Calls

Credit Suisse Group A.G. (NYSE: CS) was raised to Buy from Hold at Deutsche Bank.

NextEra Energy Inc. (NYSE: NEE) was maintained as a Buy rating, but it was removed from the coveted Conviction Buy List by Goldman Sachs.

NRG Energy Inc. (NYSE: NRG) was maintained as a Buy rating but was added to the prized Conviction Buy List by Goldman Sachs.

Office Depot Inc. (NYSE: ODP) was raised to Buy from Neutral at Goldman Sachs.

Palo Alto Networks Inc. (NYSE: PANW) was raised to Buy from Neutral at Nomura.

ALSO READ: Five Momentum Stocks That Could Be Hot Summer Trades

Staples Inc. (NASDAQ: SPLS) was downgraded to Sell from an already cautious Neutral rating at Goldman Sachs, and the price target is $11 (versus a $11.65 closing price).

Sun Life Financial Inc. (NYSE: SLF) was started as Buy at Canaccord Genuity.

Youku Tudou Inc. (NYSE: YOKU) was raised to Neutral from Underweight at HSBC.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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