Stocks were firm Wednesday morning after news of a Russia-Ukraine ceasefire agreement. Investors saw stocks gain handily in August, but they are still looking for value and fresh research ideas. After all, Morgan Stanley just outlined the path for the S&P 500 Index to rise 50% more to 3,000 over the next five years.
24/7 Wall St. reviews dozens of research reports each morning of the week to find new ideas for our readers. Some of these analyst reports cover stocks to buy, while other analyst calls cover stocks to sell or stocks to avoid. These are this Wednesday’s top analyst upgrades and downgrades from 24/7 Wall St.
ABB Ltd. (NYSE: ABB) was raised to Buy from Neutral at Bank of America Merrill Lynch.
ASM International N.V. (NASDAQ: ASMI) was downgraded to Neutral from Overweight by J.P. Morgan.
Alere Inc. (NYSE: ALR) was downgraded to Sell from Neutral by Goldman Sachs.
American Tower Corp. (NYSE: AMT) was downgraded to Equal Weight from Overweight by Morgan Stanley.
Bank of America Corp. (NYSE: BAC) was downgraded to Neutral from Buy at Nomura.