Stocks were looking for direction on Thursday morning. This is after the final presidential debate between Donald Trump and Hillary Clinton, and after the European Central Bank voted to leave rates on hold and commit to asset buying through March (or longer, if needed). Earnings season has gotten off to a decent start, and investors still seem willing to buy each pullback despite high valuations and a seven-and-a-half-year-old bull market. 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 to avoid.
These are the top analyst upgrades, downgrades and initiations seen on Thursday morning:
American Express Co. (NYSE: AXP) closed up 2% at $61.25 on Wednesday and was indicated up 6% at $65.00 after earnings and guidance managed to beat expectations. The stock was raised to Neutral from Underperform at Merrill Lynch. It has a 52-week trading range of $50.27 to $74.97, and it had a consensus analyst target price of $67.18.
Dynegy Inc. (NYSE: DYN) was downgraded to Sector Perform from Outperform and the price target was cut to $15 from $22 (versus a $13.37...