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