Top Analyst Upgrades and Downgrades: Enbridge, Micron, Sun Life, Starbucks, Stratasys, Wynn and Many More

Stocks were indicated to open lower on Monday, but this is after a three-week rally. Investors now have to wonder if the theme of buying every dip is back in vogue, after the first six weeks of 2016 was just a chance to sell into every rally.

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

These are the top analyst upgrades, downgrades and initiations seen from Monday, March 7, 2016.

Enbridge Inc. (NYSE: ENB) was started as Buy at Canaccord Genuity. It closed most recently at $36.70, has a consensus analyst price target of $41.31 and has a 52-week trading range of $27.43 to $54.43.

Micron Technology Inc. (NASDAQ: MU) was downgraded to Reduce from Neutral and the price target was cut to $8 from $12 (versus an $11.88 prior close) at Nomura. Micron has a consensus price target of $15.88 and a 52-week range of $9.31 to $29.78.

Sun Life Financial Inc.

(NYSE: SLF) was started as Overweight at Barclays. Its shares closed at $30.44. The consensus price target is $33.87, and the 52-week range is $25.31 to $35.13.

Starbucks Corp. (NASDAQ: SBUX) was reiterated as Buy with a $70 price target (versus a $58.70 close) at Jefferies. The firm said that technology continues to be driver, but the mobile order and pay and rewards plans are driving core beverage growth.

Stratasys Ltd. (NASDAQ: SSYS) was downgraded to Underweight from Neutral with a $22 price target (versus a $27.64 close) at JPMorgan. The stock has a consensus price target of $25.21 and a 52-week range of $14.48 to $63.31. This valuation downgrade follows a Stratasys rally of 12.7% after posting a small loss and beating revenues with better guidance.

Wynn Resorts Ltd. (NASDAQ: WYNN) was raised to Buy from Neutral at UBS. The stock closed at $85.44 and has a consensus price target of $76.75 and a 52-week range of $49.95 to $136.93.

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Other key analyst upgrades and downgrades this Monday were in the following: