Top Analyst Upgrades and Downgrades: American Airlines, American Water, Netflix, SunPower, United Continental and More

Stocks were indicated lower on Wednesday, with the Dow down close to another 100 points. Last week’s post-Brexit action proved yet again that investors have found numerous reasons to buy their favorite stocks after every major sell-off.

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

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

American Airlines Group Inc. (NASDAQ: AAL) was downgraded to Underperform from Outperform and the price target was cut to $28 from $47 (versus a $28.93 prior close) at Credit Suisse. The stock was indicated down 3.2% at $27.99, and its consensus analyst price target is $43.25.

American Water Works Co. Inc. (NYSE: AWK) was downgraded to Neutral from Buy at Merrill Lynch. Shares closed most recently at $84.76, while the consensus price target is much lower at $71.92. The 52-week trading range is $50.01 to $85.24.

Netflix Inc. (NASDAQ: NFLX) was assumed with an Underperform rating at Jefferies, and the prior analyst price target of $120 was reset at $80. That is after closing at $97.91 and after a Needham downgrade on Tuesday to Hold from Buy. Jefferies sees Netflix’s runway span lasting for multiple years, but its research sees domestic subscriber growth flatter than expectations such that it will pressure the stock’s multiple despite international growth.

SunPower Corp. (NASDAQ: SPWR) was started with a Buy rating at UBS, which assigned it a $22 price target (versus a $14.47 close). Shares closed down 6.4% at $14.47 on Tuesday but were indicated up over 1% at $14.70 Wednesday morning. The consensus analyst target is $31.72, and the 52-week range is $13.29 to $31.10.

United Continental Holdings Inc. (NYSE: UAL) was downgraded to Neutral from Outperform and the price target was cut to $42 from $64 (versus a $40.29 close) at Credit Suisse. The consensus price target is $63.85, and the stock has a 52-week range of $37.41 to $62.21.

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