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Top Analyst Upgrades and Downgrades: Atmel, BlackBerry, Citigroup, DSW, JC Penney, 2U, TD Ameritrade, Vertex and Many More

Stocks were indicated lower after weak overseas trading and economic news after more weakness in China. The markets are continuing to look for the right earnings multiple to factor in slower growth. Still, investors have shown after every sell-off that they will buy weakness as they hunt for value and bargains.

24/7 Wall St. reviews dozens of analyst research reports each morning in order to find new trading and investing ideas for its readers. Some of these daily analyst calls cover stocks to buy, and others cover stocks to sell or avoid. These are this Monday’s top analyst upgrades, downgrades and initiations.

Atmel Corp. (NASDAQ: ATML) was raised to Strong Buy from Market Perform with a $10.00 price target (versus an $8.02 prior close) at Raymond James. Atmel has a $9.27 consensus analyst price target and a $5.84 to $10.50 trading range over the past 52 weeks.

BlackBerry Ltd. (NASDAQ: BBRY) was maintained as Underperform at Credit Suisse. RBC Capital Markets maintained its Sector Perform rating but lowered its price target to $8.00 from $9.00. BlackBerry shares closed down 7.7% at $6.49 after earnings on Friday, and its 52-week range is $6.41 to $12.63.

Citigroup Inc. (NYSE: C) was raised to Outperform from Neutral at Credit Suisse, with a $62.00 price target (versus a $50.55 close). The report said Citi’s valuation now appears to more adequately discount its concerns, without accounting for the fundamental progress made year to date.

DSW Inc. (NYSE: DSW) was downgraded to...