Top Analyst Upgrades and Downgrades: Alcatel-Lucent, AEP, Chubb, Chevron, Halcon, Noble and More
Stocks took it on the chin last week, but the markets are indicated firm on Monday morning. Investors are still looking for upside from stocks, particularly among stocks that sold off and are deemed to have “gone on sale.” 24/7 Wall St. reviews dozens of analyst research reports each and every morning to find new investment and trading ideas. Some analyst reports are about stocks to buy, while other research reports cover stocks to sell or stocks to avoid.
These are this Monday’s top analyst upgrades, downgrades and initiations from Wall Street analysts.
Alcatel-Lucent S.A. (NYSE: ALU) was raised to Overweight from Equal Weight at Morgan Stanley, after last week’s earnings took the ADSs down to under $3.40 from above $3.80.
American Electric Power Co. (NYSE: AEP) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Ares Capital Corp. (NASDAQ: ARCC) was started with an Overweight rating at J.P. Morgan.
Chevron Corp. (NYSE: CVX) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Chubb Corp. (NYSE: CB) was reiterated as Buy with a $102 price target at Argus, saying that the recent sell-off was an overreaction and has created a buying opportunity.