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Top Analyst Upgrades and Downgrades: Netflix, Nike, Pandora, SunPower, United Continental and More

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Stocks closed higher on Monday and were indicated even higher again on Tuesday. The ongoing theme is that investors have not tired of what is close to an eight-year bull market. Those same investors also have proven over and over that they will buy each market pullback. and they are looking for new ideas for gains or income.

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

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

Netflix Inc. (NASDAQ: NFLX) was raised to Sell from Neutral and the price target was raised to $111 from $101 at Evercore ISI. The stock closed down 1.3% at $119.19 on Monday and was indicated up 0.7% at $120.00 on Tuesday. Netflix also has a consensus analyst price target of $123.85 and a 52-week trading range of $79.95 to $129.29.

Nike Inc. (NYSE: NKE) was downgraded to Market Perform from Outperform at Cowen. The firm also cut its target price to $54 from $59. It has a consensus price target of $63.05 and a 52-week range of $49.01 to $68.19. Shares closed up 2.7% at $51.85 on Monday and were indicated down 1.2% at $51.25 on Tuesday.

Pandora Media Inc. (NYSE: P) was raised to Outperform from Perform with a $18 price target at Oppenheimer. It was last seen up 3.5% at $13.85 on Tuesday morning’s indications, in a 52-week range of $7.10 to $16.23. It has a consensus price target of $14.16.

SunPower Corp. (NASDAQ: SPWR) was downgraded to Neutral from Buy at Guggenheim. Shares closed up 8.7% at $7.22 on Monday and were indicated down almost 1% at $7.15 on Tuesday. The 52-week range is $6.00 to $31.10, and the consensus price target is $12.34.

United Continental Holdings Inc. (NYSE: UAL) was raised to Buy from Neutral at Merrill Lynch. The stock closed at $68.28, has a 52-week range of $37.41 to $70.18 and has a consensus price target of $71.97.

The other key analyst upgrades, downgrades and initiations were seen in the following:

AV Homes Inc. (NASDAQ: AVHI) was started as Neutral at Wedbush Securities.

Beazer Homes USA Inc. (NYSE: BZH) was started as Neutral with a $15 price target at Wedbush.

Carrizo Oil & Gas Inc. (NASDAQ: CRZO) was started with a Strong Buy with a $60 price target (versus a $40.65 close) at Raymond James

Charter Communications Inc. (NASDAQ: CHTR) was started with an Outperform rating a $320 price target (versus a $270.93 close) at RBC Capital Markets.

Clovis Oncology Inc. (NASDAQ: CLVS) was started with a Neutral rating and a $34 fair value estimate at Janney.

Leidos Holdings Inc. (NYSE: LDOS) was started as Outperform with a $59 price target (versus a $51.88 close) at Oppenheimer.

M/I Homes Inc. (NYSE: MHO) was started with an Outperform rating and assigned a $28 price target (versus a $23.43 close) at Wedbush. The firm cited a differentiated geographic footprint and first-time homebuyer focus as positive catalysts.

Plug Power Corp. (NASDAQ: PLUG) was started as Buy with a $3 price target (versus a $1.47 close) at Rodman & Renshaw.

Select Comfort Corp. (NASDAQ: SCSS) was downgraded to Neutral and the price target was cut to $22 from $25 (versus a $22.96 close) at Wedbush, due to near-term concerns.

Skechers USA Inc. (NYSE: SKX) was started as Outperform with a valuation range of $30 to $32 (versus a $26.14 close) at Wells Fargo.

SkyWest Inc. (NASDAQ: SKYW) was downgraded to Hold from Buy at Evercore ISI.

Steven Madden Ltd. (NASDAQ: SHOO) was started as Market Perform with a fair value range of $38 to $40 (closed at $38.65) at Wells Fargo.

Toll Brothers Inc. (NYSE: TOL) was started as Neutral at Wedbush.

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Monday’s top analyst upgrades and downgrades were in Arista Networks, McDonald’s, TripAdvisor, Newmont Mining, Nike, Visa and about 20 more.

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