Top Analyst Upgrades and Downgrades: Continental Resources, Freeport-McMoRan, Groupon, JPMorgan, Linear Tech, Marathon Oil, PNC Financial and More

Stocks were looking for direction on Monday, after a week of a mild drop. Despite high valuations, and even with a bull market that is now seven and a half years old, investors keep proving that they will buy every market dip. Those same investors are also looking for new ideas to generate gains or income ahead.

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 research reports cover stocks to buy, and some reports feature stocks to sell or avoid.

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

Continental Resources Inc. (NYSE: CLR) was raised to Overweight from Equal Weight with a $60 price target (versus a $51.78 close) at Barclays. The stock has a 52-week trading range of $13.94 to $55.07 and a consensus analyst price target of $54.44.

Freeport-McMoRan Inc. (NYSE: FCX) was started as Underperform with an $8 price objective (versus a $9.66 close) at Merrill Lynch. The 52-week range is $3.52 to $14.06, and the consensus price target is $11.38.

Groupon Inc. (NASDAQ: GRPN) was raised to Outperform from Neutral and the price target was raised to $6.50 from $4.50 (versus a $5.01 close) at Wedbush Securities. It has a 52-week range of $2.15 to $5.94 and a consensus price target of $4.94.

JPMorgan Chase & Co. (NYSE: JPM) was downgraded to Market Perform from Outperform at BMO Capital Markets. Buckingham Research also reportedly downgraded it to Neutral from Buy. The money center bank closed down 0.3% at $67.52 on Friday and was indicated down 0.2% at $67.40 on Monday, and it has a 52-week range of $52.50 to $69.06. The consensus price target is $71.27.

Linear Technology Corp. (NASDAQ: LLTC) was downgraded to Perform from Outperform at Oppenheimer. The 52-week range is $37.33 to $64.42. The consensus price target is $60.63.

Marathon Oil Corp. (NYSE: MRO) was downgraded to Equal Weight from Overweight and the price target was lowered to $17 from $18 at Barclays. The 52-week range is $6.52 to $20.09, and the consensus price target of $18.16.

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Other key analyst upgrades and downgrades were seen as follows:

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