Top Analyst Upgrades and Downgrades: Anadarko, Alcoa, Garmin, Newmont, ONEOK, PNC and More

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Stocks were trading on Monday morning after a strong week of recovery. Investors have demonstrated over and over that they will step into the market and buy value stocks and overlooked stocks on the dips. 24/7 Wall St. reviews dozens of analyst reports to find new investment and trading ideas each morning of the week. Some of these analyst research reports cover stocks to buy, while other reports cover stocks to sell or to avoid.

These are this Monday’s top analyst upgrades and downgrades featured by 24/7 Wall St.

Anadarko Petroleum Corp. (NYSE: APC) was downgraded to Neutral from Buy at Goldman Sachs.

Aramark Corp. (NYSE: ARMK) was raised to Buy from Neutral at Goldman Sachs.

Acuity Brands Inc. (NYSE: AYI) was maintained as Buy but was added to the Conviction Buy List at Goldman Sachs.

Alcoa Co. (NYSE: AA) was raised to Buy from Hold at Deutsche Bank.

Continental Resources Inc. (NYSE: CLR) was downgraded to Neutral from Buy at Goldman Sachs.

Diamond Offshore Drilling Inc. (NYSE: DO) downgraded to Sell from Neutral at Goldman Sachs.

First Niagara Financial Group Inc. (NASDAQ: FNFG) was raised to Outperform from Market Perform at Wells Fargo.

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Garmin Ltd. (NASDAQ: GRMN) was raised to Buy from Neutral and the price target was raised to $64 from $61 at Goldman Sachs.

Halliburton Co. (NYSE: HAL) was maintained as Buy at Goldman Sachs, but it was removed from the Conviction Buy List.

L Brands Inc. (NYSE: LB) was raised to Neutral from Underperform at Bank of America Merrill Lynch.

Newmont Mining Corp. (NYSE: NEM) was raised to Overweight from Neutral at HSBC.

ONEOK Inc. (NYSE: OKE) was raised to Buy from Neutral at Goldman Sachs.

Oceaneering International Inc. (NYSE: OII) was maintained as Buy at Goldman Sachs, but it was added to the prized Conviction Buy List.

PNC Financial Services Group Inc. (NYSE: PNC) was downgraded to Neutral from Buy at Sterne Agee.

Rackspace Hosting Inc. (NYSE: RAX) was raised to Buy from Neutral at Merrill Lynch.

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Royal Gold Inc. (NASDAQ: RGLD) was downgraded to Neutral from Overweight at HSBC.

WebMD Health Corp. (NASDAQ: WBMD) was started as Outperform at Leerink.

Over the weekend we reviewed six analyst stocks under $10 with massive upside calls.