Stocks were indicated to open higher on Monday despite another 5% drop in Shanghai. Last week’s sell-off was the worst opening week for stocks in our lifetimes, but we cannot forget that investors have bought every market pullback for over four years now. The Dow and S&P 500 also are now challenging the formal 10% correction marks.

24/7 Wall St. reviews dozens of analyst research reports each morning to find new investing and trading ideas for its readers. Some of the daily analyst reports cover stocks to buy, and other reports cover stocks to sell or avoid.

These are the top analyst calls for Monday, January 11, 2016.

Banco Santander S.A. (NYSE: SAN) was downgraded to Hold from Buy at Deutsche Bank. Its American depositary shares were indicated higher because a rival analyst call from BNP Paribas raised it to Outperform from Underperform. Banco Santander closed at $4.29 on Friday and has a 52-week trading range of $4.27 to $7.79.

Box Inc. (NYSE: BOX) was reiterated as Buy with an $18 price target at Canaccord Genuity. Box closed at $11.61, has a consensus analyst price target of $19.63 and has a 52-week range of $10.93 to $24.73. The firm met with Box’s management and feels it is on track to deliver against targets, along with having reasonable valuations.

General Motors Co. (NYSE: GM) was raised to Outperform from Neutral with a $38 price target at Credit Suisse. The firm sees GM’s earnings power likely being higher than assumed and having less severe downside than some think. GM shares closed at $29.53. The stock has a consensus price target of $41.94 and a 52-week range of $24.62 to $38.99.

Illumina Inc. (NASDAQ: ILMN) was reiterated as Neutral with a $140.00 fair value estimate (versus a $165.17 prior close) at Janney Capital Markets. This is despite positive and higher guidance. The firm sees its value based on 27 times expected earnings plus another $22 in cash per share.

JPMorgan Chase & Co. (NYSE: JPM) was downgraded to Neutral from Buy at Goldman Sachs, just days ahead of earnings. Its shares closed down 2.2% at $58.92 on Friday, and its consensus analyst price target is $73.00. The 52-week range is $50.07 to $70.61.

Noble Corp. PLC (NYSE: NE) was reiterated as Buy with price target of $20 (versus a $9.10 close) at Argus. Despite oil woes, Argus thinks that Noble will win from its high specification fleet as others retire lower-spec rigs that are unable to obtain contracts without expensive upgrades.

Other key analyst upgrades and downgrades seen on Monday included the following: