Top Analyst Upgrades and Downgrades: Chevron, Netflix, Newmont, Southwest, Stratasys and More

September 9, 2014 by Jon C. Ogg

Stocks were mixed early Tuesday as the equity markets looked for direction. Still stocks are effectively at all-time highs and investors are looking for good value and other opportunities to make money from stocks. 24/7 Wall St. reviews dozens of research reports each morning to find new trading and investing ideas for our readers. Some of these analyst calls cover stocks to buy, while others cover stocks to sell or to avoid.

Tuesday’s reports were concentrated with airlines, homebuilders and some oil players, but there were other standalone calls as well. These are this Tuesday’s top analyst upgrades and downgrades covered by 24/7 Wall St.

Chevron Corp. (NYSE: CVX) was downgraded to Underperform from Neutral at Bank of America Merrill Lynch.

Netflix Inc. (NASDAQ: NFLX) was reiterated as Outperform and the price target was raised to $600 from $530 at RBC Capital Markets.

Newmont Mining Corp. (NYSE: NEM) was raised to Outperform from Market Perform at Cowen.

Southwest Airlines Co. (NYSE: LUV) was started as Neutral with a $32 price target at Credit Suisse.

Stratasys Ltd. (NASDAQ: SSYS) was reiterated as Buy with a $140 price target at Merrill Lynch.

ArcelorMittal S.A. (NYSE: MT) was raised to Outperform from Neutral and the price target was raised to $18 from $17 at Credit Suisse.

American Airlines Group Inc. (NASDAQ: AAL) was started as Outperform and with a $52 price target at Credit Suisse.

Bank of Ireland (NYSE: IRE) was downgraded to Neutral from Buy at UBS.

Barclays PLC (NYSE: BCS) was raised to Overweight from Neutral at HSBC.

ConocoPhillips (NYSE: COP) was raised to Neutral from Underperform Merrill Lynch.

D.R. Horton Inc. (NYSE: DHI) was raised to Overweight from Neutral at J.P. Morgan.

Delta Air Lines Inc. (NYSE: DAL) was started as Outperform with a $56 price target at Credit Suisse.

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EnerNOC Inc. (NASDAQ: ENOC) was started as Outperform at Pacific Crest.

JetBlue Airways Corp. (NASDAQ: JBLU) was started as Underperform and with an $11 price target at Credit Suisse.

Lennar Corp. (NYSE: LEN) was raised to Overweight from Neutral at J.P. Morgan.

Mosaic Co. (NYSE: MOS) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

Total S.A. (NYSE: TOT) upgraded to Neutral from Underperform at Merrill Lynch.

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United Continental Holdings Inc. (NYSE: UAL) was started as Outperform and with a $68 price target at Credit Suisse.

W.W. Grainger Inc. (NYSE: GWW) was started as Outperform with a $310 price target at Credit Suisse.

In case you missed Monday’s top analyst upgrades and downgrades, they were in Altria, AIG, Bank of America, FireEye, Ford, J.P. Morgan, Keryx Biopharmaceuticals, L-3 Communications, Linn Energy, United Natural Foods and others.

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