Top Analyst Upgrades and Downgrades: GE, 3M, Shopify, SunPower, Zafgen, CIT, Ericsson, Honeywell and Many More

January 21, 2016 by Jon C. Ogg

Stocks were looking for a small bounce on Thursday after Wednesday’s big sell-off that ended up being less of a big sell-off. Investors have every right to feel jilted in 2016 with every rally having been a selling opportunity. That being said, there is also the reminder that investors successfully bought every dip for over four years prior to the end of 2015.

24/7 Wall St. reviews dozens of analyst reports each morning of the week. The aim is to find new investing and trading ideas for its readers. Some analyst reports are on stocks to buy, while others cover stocks to sell or avoid.

The latest bear case for the Dow ticked down to 14,961 from 15,076 for what could be a theoretical floor versus the prior bullish upside target for Dow 19,700.

These are this Thursday’s top analyst calls.

General Electric Co. (NYSE: GE) was started as Buy with a $36 price target (versus a $28.00 prior close) at Citigroup. GE has a consensus target of $32.38 and a 52-week trading range of $19.37 to $31.49. GE has already pulled back far from its bullish and bearish indications for 2016.

3M Co. (NYSE: MMM) was started as Buy with a $166 price target (versus a $136.96 close) at Citigroup. 3M has a consensus analyst target of $159.29 and it has a 52-week range of $134.00 to $170.50. 3M has pulled back about $10 from its bullish and bearish outlook for 2016.