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Top Analyst Upgrades and Downgrades: Apple, Boeing, Alcoa, Netflix, TripAdvisor, Zillow and More

Jon C. Ogg

Stocks hit another all-time high last week, but investors keep hearing that this now 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 morning of the week. Some of these analyst reports cover stocks to buy, and some of the analyst reports cover stocks to sell or to avoid. These are this Monday’s top Wall Street analyst upgrades, downgrades and initiations.

Alcoa Inc. (NYSE: AA) was raised to Neutral from Underperform at Bank of America Merrill Lynch.

Apple Inc. (NASDAQ: AAPL) was maintained as Outperform at RBC Capital Markets, but its price target was raised to $675 from $645.  UPDATED JUNE 3: Apple has seen a half-dozen price target upgrades as of now.

Boeing Co. (NYSE: BA) was reiterated as Buy and with a $164 price target at Sterne Agee, based on strong May deliveries.

Brookdale Senior Living Inc. (NYSE: BKD) was started as Buy with a $40 price target at Jefferies.

Century Aluminum Co. (NASDAQ: CENX) was raised to Neutral from Underperform at Merrill Lynch.

Diamondback Energy Inc. (NASDAQ: FANG) was raised to Buy from Neutral at SunTrust Robinson Humphrey.

Kofax Ltd. (NASDAQ: KFX) was started as Buy and with a $10 price target at Canaccord Genuity.

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Magnum Hunter Resources Corp. (NYSE: MHR) was raised to Buy from Hold at Stifel.

MicroSemi Corp. (NASDAQ: MSCC) was raised to Buy from Neutral at Goldman Sachs.

Microchip Technology Inc. (NASDAQ: MCHP) was downgraded to Neutral from Buy at Goldman Sachs.

Netflix Inc. (NASDAQ: NFLX) was maintained as Outperform but the price target was raised to $500 from $435 at Oppenheimer. More details on the upgrade are here.

Physicians Realty Trust (NYSE: DOC) was started with a Buy rating and a $14.25 price target at Merrill Lynch. Shares closed at $13.81, but they had an offering of 11 million shares at $12.50 last week.

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STMicroelectronics N.V. (NYSE: STM) was downgraded to Sell from an already cautious Neutral rating at Citigroup.

Starz (NASDAQ: STRZA) was started as Neutral at Goldman Sachs.

TripAdvisor Inc. (NASDAQ: TRIP) was raised to Outperform from Sector Perform and was given a $116 price target by Pacific Crest.

Xilinx Inc. (NASDAQ: XLNX) was downgraded to Neutral from Buy at Goldman Sachs.

Zillow Inc. (NASDAQ: Z) was downgraded to Sector Perform from Outperform with a $115 price target at RBC Capital Markets.

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