Investing

Top Analyst Upgrades and Downgrades: Amazon, Apple, Best Buy, Costco, Dynegy, HP, SunPower and More

Stocks were higher again on Tuesday after earnings season has officially started. Investors have continued to prove on each sell-off that they will buy solid stocks on weakness or stocks that offer value and are overlooked by the market. 24/7 Wall St. reviews dozens of analyst research reports each morning for new investment and trading ideas for its readers. Some analyst calls cover stocks to buy, and other reports cover stocks to sell or avoid.

We recently have given the S&P 500 price targets from major strategists, but now we have our own DJIA target modeled showing why the DJIA will hit 19,142 in 2015 — and it has a bullish and bearish case for each of the 30 DJIA stocks. These are this Tuesday’s top analyst upgrades, downgrades and initiations seen from Wall Street research calls.

Amazon.com Inc. (NASDAQ: AMZN) was raised to Buy from Neutral with a $354 price target (versus a $291.41 close) at Citigroup.

Apple Inc. (NASDAQ: AAPL) was raised to Outperform from Neutral and the price target was raised to $130 from $110 (versus a $109.25 close) at Credit Suisse.

Best Buy Co. Inc. (NYSE: BBY) was raised to Buy from Neutral with a $45 price target (versus a $39.09) at Goldman Sachs.

CBOE Holdings Inc. (NASDAQ: CBOE) was downgraded to Sell from Neutral at Goldman Sachs.

ChannelAdvisor Corp. (NYSE: ECOM) lowered guidance and shares were last seen down over 30% after analysts slashed their targets and ratings. The stock lost several Buy and Outperform ratings from the likes of Baird, Deutsche Bank, Janney, Pacific Crest, Raymond James and Stifel.

ALSO READ: Analyst Picks Stocks Unloved by Wall Street

Costco Wholesale Corp. (NASDAQ: COST) downgraded to Neutral from Buy at Goldman Sachs.

Dynegy Inc. (NYSE: DYN) was started as Overweight with a $45 price target (versus a $29.46 close) at Barclays.

E-Trade Financial Corp. (NASDAQ: ETFC) was raised to Buy from Neutral with a $26 price target (versus a $22.72 close) at Bank of America Merrill Lynch.

Evercore Partners Inc. (NYSE: EVR) was raised to Buy from Neutral at Goldman Sachs.

FirstEnergy Corp. (NYSE: FE) was downgraded to Sell from Neutral at Goldman Sachs.

Great Plains Energy Inc. (NYSE: GXP) was raised to Buy from Neutral at Goldman Sachs.

Hewlett-Packard Co. (NYSE: HPQ) was downgraded to Sector Perform from Outperform with a $40 price target (versus a $39.92 closing price) at Pacific Crest.

ALSO READ: Big Telco Dividends, Windstream and Frontier Raised to Buy

MakeMyTrip Ltd. (NASDAQ: MMYT) was started as Buy at Merrill Lynch.

Monster Beverage Corp. (NASDAQ: MNST) was downgraded to Market Perform from Outperform at Wells Fargo.

NRG Energy Inc. (NYSE: NRG) was downgraded to Neutral from Buy at Goldman Sachs.

NetApp Inc. (NASDAQ: NTAP) was downgraded to Sector Perform from Outperform at Pacific Crest.

Skyworks Solutions Inc. (NASDAQ: SWKS) was raised to Outperform from Market Perform at BMO Capital Markets.

SunPower Corp. (NASDAQ: SPWR) was raised to Outperform from Neutral and the price target was set at $35 (versus a $25.51 close) at Credit Suisse.

In case you missed Monday’s top analyst upgrades, downgrades and initiations, they were in ADT, Alcoa, Chesapeake Energy, Google, Kraft Foods, On Deck Capital, Windstream and a dozen or so more.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.