Investing

Top Analyst Upgrades and Downgrades: EMC, Goldman Sachs, Linn Energy, MGIC, Marvell, NetApp and Many More

After a gain over 1,000 Dow points last week from the lows of the prior Friday, stocks were simply directionless on Monday. The one trend that lives on though is that investors have proven over and over that they will buy the top stocks on weakness. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week. The goal is to find new investing and trading ideas for our readers. Some of these analyst calls cover stocks to buy. Others cover stocks to sell or avoid. These are this Monday’s top analyst upgrades, downgrades and initiations.

EMC Corp. (NYSE: EMC) was downgraded to Hold from Buy with a $29 price target (versus a $27.86 prior close) at Jefferies. This is going into the Dell acquisition, and it leaves little real ambition considering a go-shop provision in the deal.

Goldman Sachs Group Inc. (NYSE: GS) was raised to Buy from Neutral at Citigroup. Goldman Sachs closed at $179.19 and has a 52-week trading range of $167.49 to $218.77 and a consensus price target of $211.33.

Linn Energy LLC (NASDAQ: LINE) was downgraded to Underperform from Market Perform and the price target was cut to $2 from $6 (versus a $3.36 close) at FBR Capital Markets.

MGIC Investment Corp. (NYSE: MTG) was raised to Outperform from Market Perform with an $11.50 price target (versus a $9.63 close) at Keefe Bruyette & Woods.

Marvell Technology Group Ltd. (NASDAQ: MRVL) was downgraded to Neutral from Buy and the price target was cut to $12 from $14 (versus a $9.41 close) at Nomura Securities.

NetApp Inc. (NASDAQ: NTAP) was raised to Outperform from Neutral and the price target was raised to $40 from $35 (versus a $33.16 close) at R.W. Baird.

ALSO READ: 8 Analyst Picks With 50% to 100% Upside Calls

Other key analyst upgrades, downgrades and initiations Monday morning were seen in the following:

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.