Top Analyst Upgrades and Downgrades: Enphase, Goldman Sachs, InterMune, Melco Crown, SunEdison and More

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Stocks were firm on Tuesday after the S&P 500 hit 2,000 for the first time this week. Investors remain opportunistic for value and individual overlooked stocks. 24/7 Wall St. reviews dozens of research reports each morning for new ideas for our readers. Some of the analyst reports cover stocks to buy, while some research reports cover stocks to sell or stocks to avoid.

These are this Tuesday’s top analyst upgrades and downgrades from 24/7 Wall St.

ArcelorMittal (NYSE: MT) was raised to Buy from Sell at UBS.

Arcos Dorados Holdings Inc. (NYSE: ARCO) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.

Cray Inc. (NASDAQ: CRAY) was started as Buy with a $33 price target at Stifel.

Enphase Energy Inc. (NASDAQ: ENPH) was started as Buy with a $20 price target at Needham & Co. This was one of our own small cap alternative energy stocks with massive upside potential.

Goldman Sachs Group Inc. (NYSE: GS) was started as Buy with a $213 price target at MKM Partners.

InterMune Inc. (NASDAQ: ITMN) saw at least one downgrade on Monday after the acquisition by Roche was made public. Now we have more downgrades after the deal: to Hold at Jefferies, and to Neutral at J.P. Morgan and JMP Securities.

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Jarden Corp. (NYSE: JAH) was started as Buy with a $70 price target at Deutsche Bank.

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) was raised to Overweight from Equal Weight at Morgan Stanley.

Mobileye N.V. (NYSE: MBLY) was started with mixed coverage as its quiet period expired. We will update this on its own, but some of the caution was based on it already running up. Still, shares were indicated up around $39.50.

Qihoo 360 Technology Co. (NYSE: QIHU) saw its shares fall more than 7% on Monday after earnings, and on Tuesday it was downgraded to Neutral from Outperform at Credit Suisse.

SunEdison Inc. (NYSE: SUNE) was started as Outperform with a $28 price target at FBR Capital Markets.

Veolia Environnement S.A. (NYSE: VE) was raised to Outperform from Neutral at BNP Paribas.

If you missed Monday’s top analyst upgrades and downgrades, they were in shares of Foot Locker, CBOE, InterMune, U.S. Steel and more.