Top Analyst Upgrades and Downgrades: American Electric Power, Mobileye, PayPal, Phillips 66, Smith & Wesson, Viacom and More

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The stock market managed to snap a six-day losing streak on Thursday, and the CBOE Volatility Index fell to about 19.50 after peaking at almost 23 on the same day. Stocks were also indicated to open higher on Friday. Is the trend of buying the dips already coming back into play?

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

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

American Electric Power Co. Inc. (NYSE: AEP) was reiterated as Buy and the price target was raised to $75 from $70 (versus a $66.88 prior close) at Jefferies. AEP has a consensus analyst price target of $67.76 and a 52-week trading range of $52.29 to $67.34.

Mobileye N.V. (NYSE: MBLY) was started with a Buy rating and was assigned a $51 price target (versus a $36.82 close) at Berenberg. It has a consensus price target of $56.00 and a 52-week range of $23.57 to $64.48.

PayPal Holdings Inc. (NASDAQ: PYPL) was started with an Outperform Rating and assigned a $43 price target (versus a $36.97 close) at Oppenheimer. It has a $44.06 consensus price target and a 52-week range of $30.00 to $42.55.

Phillips 66 (NYSE: PSX) was downgraded to Equal Weight from Overweight and the price target was cut to $90 from $105 (versus a $79.43 close) at Morgan Stanley. The consensus price target is $90.31, and the 52-week range is $69.79 to $94.12.

Smith & Wesson Holding Corp. (NASDAQ: SWHC) was raised to Outperform from Market Perform with a $28 price target (versus a $21.75 close) at Cowen. Craig-Hallum raised its rating to Buy from Hold with a $28 price target. The consensus price target is $28.89. The 52-week range is $14.71 to $30.44.

Viacom Inc. (NASDAQ: VIAB) was raised to Sector Perform from Underperform and the price target was raised to $45 from $34 (versus a $45.05 close) at RBC Capital Markets. The consensus price target is $46.93, and the 52-week range is $30.11 to $68.47.

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Other top analyst upgrades and downgrades were seen in the following: