Top Analyst Upgrades and Downgrades: 3D Systems, Devon Energy, Intel, Micron, Southwest Air, Southwestern Energy, Wells Fargo and More

April 15, 2016 by Jon C. Ogg

Stocks hit their 2016 highs this week, and the Dow Jones Industrial Average is now almost challenging 18,000 again. Stock futures were looking lower on Friday ahead of economic reports. It seems that investors have reverted back to the trend of the prior four years of buying pullbacks.

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 these analyst reports cover stocks to buy, and other reports cover stocks to sell or avoid.

These are the top analyst upgrades, downgrades and initiations seen Friday morning:

3D Systems Corp. (NYSE: DDD) may have received a stellar upgrade from Bank of America Merrill Lynch on Thursday, but Citigroup has decided to slash the rating to Sell from an already unenthusiastic Neutral rating. 3D Systems was up 10% at $18.28 on Thursday, but was giving back 4%, down to $17.50, in early trading indications on Friday.

Devon Energy Corp. (NYSE: DVN) was raised to Buy from Hold and the price target was raised to $40 from $30 (versus a $31.35 prior close) at Evercore ISI. It has a consensus analyst price target of $32.03 and a 52-week trading range of $18.07 to $70.48.