Stocks surged higher on Monday after the Dow had a miserable prior week. Yet again we see that investors will buy their favorite stocks on every stock market pullback. 24/7 Wall St. reviews dozens of analyst reports each morning to find new trading and investing ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or avoid.
These are this Monday’s top analyst upgrades, downgrades and initiations.
Citizens Financial Group Inc. (NYSE: CFG) was started as Buy with a $32.00 price objective (versus a $26.70 close) at Bank of America Merrill Lynch. Citizens has a consensus price target of $27.73 and a 52-week trading range of $21.35 to $28.71.
EOG Resources Inc. (NYSE: EOG) was downgraded to Perform from Outperform at Oppenheimer. EOG closed down 5% at $73.76 on Friday, with a consensus price target of $99.75 and a 52-week range of $72.86 to $110.47.
Intuit Inc. (NASDAQ: INTU) was downgraded to Market Perform from Outperform at Raymond James. Intuit closed up 1.2% at $105.44 on Friday, versus a consensus price target of $102.47 and a 52-week range of $77.96 to $109.21.
Keryx Biopharmaceuticals Inc. (NASDAQ: KERX) was downgraded to Neutral from Buy at Roth Capital, and the price target was cut to $6 from $11 (versus a $6.27 close).
Marathon Oil Corp. (NYSE: MRO) was downgraded to Perform from Outperform at Oppenheimer. After a 5.4% drop to $18.40 on Friday, the consensus price target is $30.91 and the 52-week range is $17.86 to $41.92.
Transocean Ltd. (NYSE: RIG) was raised to Hold from Underperform with a price target of $13.00 (versus a $13.57 close) at Jefferies. Transocean has a consensus price target of $13.07 and a 52-week range of $12.08 to $39.69.
Other key analyst upgrades and downgrades this Monday were as follows: