These are this Tuesday’s top analyst upgrades, downgrades and initiations covered by 24/7 Wall St.
Alcoa Inc. (NYSE: AA) was raised to Buy from Neutral and the price target was raised to $18 from $16 at Bank of America Merrill Lynch.
Apple Inc. (NASDAQ: AAPL) was started as Hold with a $110 price target (versus a $100.11 close) at Jefferies. While this is a Hold rating rather than a Buy rating, note that the consensus analyst price target of $110.79 is less than $1 higher than this target issued today — and this target still implies 10% upside plus the dividend.
Computers Science Corp. (NYSE: CSC) was raised Outperform from Market Perform at Raymond James.
Lockheed Martin Corp. (NYSE: LMT) was raised to Buy from Hold at Stifel.
Toyota Motor Corp. (NYSE: TM) was raised to Overweight from Neutral at J.P. Morgan.
Other top analyst upgrades, downgrades and initiations were as follows:
Athlon Energy Inc. (NYSE: ATHL) was downgraded to Neutral from Buy at UBS. Canaccord Genuity downgraded it to Hold from Buy as well.
Century Aluminum Co. (NASDAQ: CENX) was raised to Buy from Neutral and the price target was raised to $30 from $21 (versus a $23.86 close) at Merrill Lynch.
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Great Plains Energy Inc. (NYSE: GXP) was maintained as Buy but the price target was cut to $29 from $32 (versus a $24.29 close) at Argus, due to earnings pressure from increases in transmission and distribution expenses and higher generation expenses.
Kellogg Co. (NYSE: K) was downgraded to Underweight from Equal Weight and the price target was set at $58 (versus a $61.81 close) at Morgan Stanley.
Mellanox Technologies Ltd. (NASDAQ: MLNX) was raised to Overweight from Neutral at Piper Jaffray.
NiSource Inc. (NYSE: NI) was raised to Outperform from Neutral at Credit Suisse, on the heels of its spin-off news.
NuVasive Inc. (NASDAQ: NUVA) was raised to Buy from Hold at Brean Capital.
Patterson-UTI Energy Inc. (NASDAQ: PTEN) was raised to Equal Weight from Underweight at Morgan Stanley.
Raytheon Co. (NYSE: RTN) was raised to Buy from Hold at Stifel.
Seattle Genetics Inc. (NASDAQ: SGEN) was downgraded to Underperform from Neutral at Merrill Lynch.
Teekay Corp. (NYSE: TK) was raised to Buy from Hold at Deutsche Bank.
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In case you missed Monday’s top analyst upgrades and downgrades, they were in AT&T, Baidu, FedEx, F5 Networks, Google, Janus Capital, Micron, Nike, Yahoo and a dozen or so more.
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