Top Analyst Upgrades and Downgrades: Box, BBVA, Freescale, Micron, Nordstrom and More

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By Jon C. Ogg Published

Bull and Bear

24/7 Wall St. reviews many fresh research calls each and every morning to find new investing and trading ideas for its readers. Some research reports cover stocks to Buy. Other reports cover stocks to sell or to avoid. Investors have proven over and over for more than two years now that they want to buy all the dips. They also want to buy value or overlooked growth stories.

These are Tuesday’s top analyst upgrades, downgrades and initiations from 24/7 Wall St.

ADT Corp. (NYSE: ADT) was raised to Outperform from Perform at Oppenheimer.

American Express Co. (NYSE: AXP) was downgraded to Neutral from Buy at Guggenheim.

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) was raised to Outperform from Underperform at BNP Paribas.

Box Inc. (NYSE: BOX) was down almost 1% at $20.00 after the quiet period expired, due in part to tame coverage being issued. It was started as follows: as Market Perform at BMO Capital Markets. Sector Perform at Pac-Crest, Market Perform at Wells Fargo and Neutral at J.P. Morgan. Credit Suisse was the one firm that assigned an Outperform rating.

ALSO READ: 2 Stocks Could Double on a Massive Short-Squeeze

Freescale Semiconductor Ltd. (NYSE: FSL) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

IMAX Corp. (NYSE: IMAX) was downgraded to Hold from Buy at Canaccord Genuity.

Micron Technology Inc. (NASDAQ: MU) was raised to Outperform from Neutral at Macquarie.

Nordstrom Inc. (NYSE: JWN) was downgraded to Underweight from Equal Weight at Barclays.

Macy’s Inc. (NYSE: M) was started as Underweight at Barclays.

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was started as Outperform at Bernstein.

Support.com Inc. (NASDAQ: SPRT) was raised to Buy from Neutral at Bank of America Merrill Lynch.

Travelers Companies Inc. (NYSE: TRV) was raised to Neutral from Sell at Citigroup.

Turkcell Iletisim Hizmetleri AS (NYSE: TKC) was raised to Buy from Neutral at Goldman Sachs.

ALSO READ: UBS Quality Growth at a Reasonable Price Stocks Beating the S&P 500

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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