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Stocks hit their highs of 2016 last week but closed down marginally on Friday. Futures were indicated lower on Monday after the OPEC meeting failed to win a real outcome. The trend that has come back in recent weeks is that investors have reverted to 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 others cover stocks to sell or avoid.

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

Arcelor Mittal (NYSE: MT) was downgraded to Underweight from Neutral at JPMorgan. This was after two key upgrades were made last week. Arcelor Mittal closed at $5.58, has a consensus analyst price target of $4.51 and has a 52-week trading range of $2.93 to $11.95.

Citigroup Inc. (NYSE: C) was downgraded to Market Perform from Outperform with a $51 price target at Keefe Bruyette & Woods. Shares closed at $44.92, with a consensus analyst target of $56.12 and a 52-week range of $34.52 to $60.95.

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6 Major Analyst Upgrades and Initiations That Dominated Last Week