Stocks were indicated higher on Monday on the heels of a rough week and a down January. Investors are still deciding if this is the next correction or a buying opportunity. What has held true for more than two years is that investors have endlessly bought the dips and pullbacks. 24/7 Wall St. reviews dozens of analyst research reports each morning for new investment and trading ideas for our readers. Some of these analyst calls cover stocks to buy, while others cover stocks to sell or avoid.
These are this Monday’s top analyst upgrades, downgrades and initiations.
American Electric Power Co. (NYSE: AEP) was reiterated as Buy and the price target was raised to $70 from $66 at Argus.
American Midstream Partners L.P. (NYSE: AMID) was downgraded to Equal Weight from Overweight at Barclays.
Avon Products Inc. (NYSE: AVP) was maintained as Neutral but the price target was cut to $9 from $11.50 at Credit Suisse, with the note that buyout chatter could put a floor in on the stock. Avon closed Friday at $7.74.
Cameron Corp. (NYSE: CAM) was raised to Overweight from Equal Weight at Barclays.
Cedar Fair L.P. (NYSE: FUN) was raised to Buy from Neutral at Goldman Sachs, and the price target is $59 versus a $54.32 close.
DCP Midstream Partners L.P. (NYSE: DPM) was downgraded to Equal Weight from Overweight at Barclays.
Deckers Outdoor Corp. (NYSE: DECK) was raised to Buy from Neutral at Goldman Sachs, although the price target was lowered to $90 from $95 after Friday’s weakness took shares down 19% to $66.05.
Diamond Foods Inc. (NASDAQ: DMND) was raised to Outperform from Market Perform with a $32 price target (versus a $24.58 prior close, after a 9.9% drop on Friday) at BMO Capital Markets.
Government Properties Income Trust (NYSE: GOV) was raised to Hold from Underperform at Jefferies.
Laboratory Corp. of America Holdings (NYSE: LH) was downgraded to Neutral from Buy at UBS.
NuStar Energy L.P. (NYSE: NS) was raised to Buy from Neutral at UBS, but it was downgraded to Neutral from outperform at Credit Suisse.
NuStar GP Holdings LLC (NYSE: NSH) was downgraded to Neutral from Outperform at Credit Suisse.
Occidental Petroleum Corp. (NYSE: OXY) was reiterated as Buy but the price target was cut to $93 from $103 at Argus.
Randgold Resources Ltd. (NASDAQ: GOLD) was downgraded to Neutral from Buy at UBS.
Western Gas Partners L.P. (NYSE: WES) was started as Overweight at Barclays.
Western Union Co. (NYSE: WU) was downgraded to Underweight from Equal Weight at Morgan Stanley.
Also, here are eight analyst stock picks under $10 with massive upside potential.