Stocks are up for the year, but Dow and S&P futures were lower ahead of an after the payrolls and unemployment report. Now that the gains have negated the selling pressure of the first few weeks of 2016, investors are forced to decide whether they should be buying the dips or selling into the rallies.
24/7 Wall St. reviews dozens of analyst research reports each morning of the week to find new investing and trading ideas for our readers. Some of the daily analyst reports cover stocks to buy, while others cover stocks to sell or avoid.
These are top analyst upgrades, downgrades and initiations seen this Friday morning:
Capital One Financial Corp. (NYSE: COF) was raised to Overweight from Neutral with an $83 price target (versus a $69.31 prior close) at JPMorgan. It has a consensus analyst price target of $81.48 and a 52-week trading range of $58.49 to $92.10.
Energen Corp. (NYSE: EGN) was started as Outperform with a $43 price target at Credit Suisse. The stock closed at $36.59 and has a consensus target price of $37.88 with a 52-week range of $20.76 to $77.12. Energen was called a Permian Basin energy player at a discount.
Micron Technology Inc. (NASDAQ: MU) was maintained as Outperform at Credit Suisse, but the firm removed the stock from the U.S. Focus List and Global Focus List. Shares closed at $10.37, within a 52-week range of $9.31 to $29.78.
Salesforce.com Inc. (NYSE: CRM) was started as Overweight with a $95 price target (versus a $73.83 close) at Piper Jaffray. The consensus price target is $88.07, and the 52-week range is $52.60 to $82.90.
United Continental Holdings Inc. (NYSE: UAL) was downgraded to Hold from Buy at Deutsche Bank. The stock closed at $59.86 and has a consensus price target of $73.46 and a 52-week range of $42.17 to $64.95.
United Rentals Inc. (NYSE: URI) was downgraded to Perform from Outperform at Oppenheimer. The consensus price target is $60.33. The 52-week range is $41.90 to $105.83.
Viacom Inc. (NASDAQ: VIAB) was downgraded to Neutral from Buy at Citigroup. It closed at $41.28, has a consensus price target of $47.52 and has a 52-week range of $30.11 to $73.52.
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Other key analyst upgrades and downgrades were seen in the following: