Top Analyst Upgrades and Downgrades: Alcoa, Boston Scientific, Schlumberger, Sony, Staples and Many More

Investing

Published: May 23, 2016 8:55 am

Last Updated: January 13, 2020 7:43 am

Stocks were down marginally on Monday morning, but the reality is that the results are so low that no real direction can be determined. The Dow is now down 600 points from its April 21 high for 2016. Even with the notion of “sell in May and go away,” investors have proven that they are looking for opportunities and will buy the big market dips.

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

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

Alcoa Inc. (NYSE: AA) was raised to Buy from Neutral and the price objective was raised to $11.00 from $10.50 (versus a $9.11 prior close) at Merrill Lynch. The firm sees better Alcoa results ahead from Firth Rixson ramping up and a pickup in jet engine demand. Alcoa has a consensus analyst price target of $10.86 and a 52-week trading range of $6.14 to $13.05.

Boston Scientific Corp. (NYSE: BSX) was downgraded to Neutral from Buy at BTIG. It has a consensus price target of $24.20 and a 52-week range of $14.18 to $23.01.