With traders and investors returning to the markets after the long holiday weekend, it is looking like we will begin the shortened trading week to the downside, as futures are indicating a lower open for markets on Wall Street. With plenty of data set to roll out today and this week, investors will be watching closely for market-moving reports.
24/7 Wall St. reviews dozens of analyst research reports each morning to find new investment and trading ideas for its readers. Some analyst research reports cover new stocks to buy, and others cover stocks to sell or avoid.
Here are Tuesday’s leading analyst upgrades, downgrades and initiations from top research calls from around Wall Street.
Accenture PLC (NYSE: ACN) was upgraded to Outperform from Market Perform at Cowen.
ANN Inc. (NYSE: ANN) was downgraded from Buy to Neutral at SunTrust Robinson Humphrey. Jefferies downgraded the stock to Hold from a Buy rating. The company released earnings Tuesday morning and missed on revenues, but it kept guidance for second quarter in place. The company is being acquired by Ascena Retail Group in a deal that should close in the last half of this year.
Cloud Peak Energy Inc. (NYSE: CLD) was started with an Outperform rating at Credit Suisse with an $11 price target. Shares closed trading on Friday at $6.10.
comScore Inc. (NASDAQ: SCOR) was started with a Buy rating at Needham. Shares ended last week at $56.26.
Dollar General Corp. (NYSE: DG) was added to the Conviction Buy list at Goldman Sachs. Shares closed on Friday at $73.56. This company was one of our 10 Stocks to Own for the Next Decade.
eBay Inc. (NASDAQ: EBAY) was upgraded to Buy from Hold at Axiom Capital. The firm raised the price target on the stock to $70 from $60. Shares closed on Friday at $59.72.