These are this Monday’s top analyst upgrades and downgrades featured by 24/7 Wall St. With markets so weak, many of the upgrades are still trading lower.
American International Group Inc. (NYSE: AIG) was raised to Buy from Hold with a $60 price target (versus a $50.76 close) at Deutsche Bank.
Align Technology Inc. (NASDAQ: ALGN) was raised to Buy from Neutral at Goldman Sachs and raised to Outperform from Neutral at Credit Suisse.
American Capital Agency Corp. (NASDAQ: AGNC) was downgraded to Market Perform from Outperform at JMP Securities.
Bank of New York Mellon Corp. (NYSE: BK) was raised to Neutral from Sell at Goldman Sachs.
Cliffs Natural Resources Inc. (NYSE: CLF) was downgraded to Sell from Neutral at Citigroup.
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Cyber-Ark Software Ltd. (NASDAQ: CYBR) was started as Hold at Deutsche Bank, started as Neutral at J.P. Morgan and started as Equal Weight at Barclays.
CONSOL Energy Inc. (NYSE: CNX) was raised to Buy from Neutral at Citigroup.
E-Trade Financial Corp. (NASDAQ: ETFC) was maintained as Buy at Goldman Sachs, but the stock was added to the Conviction Buy List with a $25 price target (versus a $20.12 close).
Freeport McMoRan Inc. (NYSE: FCX) was raised to Neutral from Sell at Citigroup.
MannKind Corp. (NASDAQ: MNKD) was started as Neutral at Goldman Sachs.
Micron Technology Inc. (NASDAQ: MU) was raised to Outperform from Sector Perform with a $37 price target (versus a $28.77 close) at Pacific Crest.
Newmont Mining Corp. (NYSE: NEM) was raised to Buy from Neutral at Citigroup.
TerraForm Power Inc. (NASDAQ: TERP) was to Overweight from Neutral at J.P.Morgan.
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