Top Analyst Upgrades and Downgrades: Annaly Capital, Barrick, Cheniere, Fitbit, Dean Foods, Groupon, SolarCity, Twitter, US Steel and More

February 23, 2016 by Jon C. Ogg

Stocks were indicated to open slightly lower on Tuesday, after several days of rallying. Now the question is if the investing community will resume selling into rallies or whether the old 2011 to 2015 trend of buying the dips comes back into play.

24/7 Wall St. reviews dozens of analyst reports each day of the week. The goal is to find new investing and trading ideas for its readers. Some of these analyst reports cover stocks to buy, but other calls are about stocks to sell or to avoid.

These are the top analyst upgrades, downgrades and initiations seen on Tuesday, February 23, 2016.

Annaly Capital Management Inc. (NYSE: NLY) was raised to Outperform from Market Perform with a $12.00 price target (versus a $9.99 prior close) at FBR Capital Markets. It also has a consensus analyst target of just $10.50 and a 52-week trading range of $8.25 to $10.93. Annaly still sports a double-digit dividend yield as well.

Barrick Gold Corp. (NYSE: ABX) was maintained as Hold but the price target was raised to $13.50 from $11.00 at Jefferies. The stock up 2% to $12.82 before the call and was indicated up another 2% at $13.10 afterward. Barrick has a consensus analyst target of $11.64 and a 52-week trading range of $5.91 to $13.70.

Cheniere Energy Inc. (NYSEMKT: LNG) was raised to Buy from Neutral with a $46 price target (versus a $30.32 close) at Goldman Sachs. It has a consensus price target of $68.50 and a 52-week range of $22.80 to $82.32.