Stocks were indicated lower on Monday as most investors and market participants were returning to work from the holidays. The one trend that could be counted on in 2014 was that investors proved over and over that they would buy stocks on weakness that offer value or that have been overlooked by the market. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or avoid.
Monday’s weakness is being tied to weakness in Europe, and the euro is nearing a decade low. These are this Monday’s top analyst upgrades, downgrades and initiations seen from Wall Street research calls.
Akamai Technologies Inc. (NASDAQ: AKAM) was downgraded to Sector Perform from Outperform at Pacific Crest.
Chevron Corp. (NYSE: CVX) was downgraded to Neutral from Buy at Citigroup.
El Pollo Loco Holdings Inc. (NASDAQ: LOCO) was raised to Outperform from Neutral with a $34 price target (versus a $20.26 close) at Baird.
Ford Motor Co. (NYSE: F) was downgraded to Neutral from Buy at Citigroup.
Lululemon Athletica Inc. (NASDAQ: LULU) was raised to Outperform from Market Perform at William Blair.
Starbucks Corp. (NASDAQ: SBUX) was downgraded to Neutral from Buy at Janney Capital Markets.