Top Analyst Upgrades and Downgrades: Alcoa, Apple, Box, Chipotle, CyberArk, Encana, NetApp, Whiting Petroleum and Many More

December 22, 2015 by Jon C. Ogg

Stocks were indicated higher on Tuesday as the markets start slowing for the Christmas exodus. The markets are still fighting for a positive December and a positive 2015, but the trend that has lasted for four years is that investors have bought every single market pullback.

24/7 Wall St. reviews dozens of analyst research reports each day of the week. Our goal is to find new investing and trading ideas for our readers. Some of these analyst reports cover stocks to buy. Other reports cover stocks to sell or avoid. These are this Tuesday’s top analyst upgrades, downgrades and initiations.

Alcoa Inc. (NYSE: AA) was maintained as Buy at Stifel but the price target was cut to $14 from $15 (versus a $9.32 prior close). Alcoa has a consensus analyst price target of $11.38 and a 52-week trading range of $7.81 to $17.10.

Apple Inc. (NASDAQ: AAPL) was maintained as Market Perform at Cowen, but the firm lowered its price target to $130 from $135 (versus a $107.33 close). Apple has a consensus price target of $148.98, and it has a 52-week range of $92.00 to $134.54.

Box Inc. (NYSE: BOX) was started as Outperform with an $18 price target (versus a $14.05 close) at JMP Securities. The consensus analyst price target is $19.86, and the 52-week range is $10.93 to $24.73.