Stocks were looking for direction on Monday after a big sell-off on Friday. The trend that has remained in place for well over two years now is that investors still want to buy stocks whenever there is a pullback.
24/7 Wall St. reviews dozens of analyst reports each morning to find new investment and trading ideas for its readers. Some of these analyst research reports cover stocks to buy, and some cover stocks to sell or to avoid. These are this Monday’s top analyst upgrades and downgrades.
Amazon.com Inc. (NASDAQ: AMZN) was downgraded to Neutral from Buy at SunTrust Robinson Humphrey.
American Realty Capital Properties Inc. (NASDAQ: ARCP) was started as Hold at Stifel.
BlackBerry Ltd. (NASDAQ: BBRY) was downgraded to Sell from Neutral at Goldman Sachs.
D.R. Horton Inc. (NYSE: DHI) was raised to Outperform from Market Perform at JMP Securities.
F5 Networks Inc. (NASDAQ: FFIV) was downgraded to Underweight from Equal Weight and the price target was kept at $114 (versus a $117.96 close) at Barclays.
The Fresh Market Inc. (NASDAQ: TFM) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.
JPMorgan Chase & Co. (NYSE: JPM) was reiterated as Outperform with a $75 price target (versus a $60.89 close) at Credit Suisse.
Juniper Networks Inc. (NYSE: JNPR) was raised to Buy from Neutral and the price target was raised to $28 from $26 (versus a $23.57 close) at Goldman Sachs.
KB Home (NYSE: KBH) was upgraded to Outperform from Market Perform at JMP Securities.
Netgear Inc. (NASDAQ: NTGR) was raised to Neutral from Sell with a $32 price target (versus a $31.51 close) at Goldman Sachs.
Oasis Petroleum Inc. (NYSE: OAS) was raised to Neutral from Reduce at SunTrust Robinson Humphrey.
PBF Energy Inc. (NYSE: PBF) was raised to Outperform from Neutral at Credit Suisse.
Royal Dutch Shell PLC (NYSE: RDS-A) was downgraded to Neutral from Buy at UBS.
Ryland Group Inc. (NYSE: RYL) was raised to Outperform from Market Perform at JMP Securities.
Statoil ASA (NYSE: STO) was raised to Buy from Neutral at UBS.
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) was downgraded to Underperform from Sector Perform at Pacific Crest.
United Continental Holdings Inc. (NYSE: UAL) was reiterated as Outperform with a $98 price target (versus a $66.67 close) at Credit Suisse.
Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) was started as Buy at Jefferies.
Another view is on the indexes after Apple was added to the Dow Jones Industrial Average: here are three more companies that could get booted from the Dow after AT&T, along with the likely companies to replace them.