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Actionable news in QCOM: QUALCOMM Incorporated,

Top Analyst Upgrades and Downgrades: Ally, IBM, MetLife, Qualcomm, Verizon, Williams, Incyte and Many More

Stocks have pulled back off their highs from the end of 2016 and that Dow Jones Industrial Average (DJIA) 20,000 mark remains elusive. The major market indexes were indicated a tad lower on Monday, and the path to DJIA 21,422 in late 2017 or early 2018 remains possible. Investors have proven over and over that they want to keep buying any real pullback. The fact that this bull market is now almost eight years old now and that valuations remain high has not mattered.

24/7 Wall St. reviews dozens of analyst reports each day of the week. The goal in this effort is to find new investing and trading ideas for our readers. Some of these analyst research reports cover stocks to buy, while others cover stocks to sell or avoid. Here we have included some color where appropriate, and Thomson Reuters was used for consensus analyst price target data.

These are the top analyst upgrades, downgrades and initiations seen on Monday, January 23, 2017:

Ally Financial Inc. (NASDAQ: ALLY) was started with a Positive rating and assigned a $28 price target (versus a $19.27 prior closing price) at Susquehanna. Ally Financial has a 52-week trading range of $14.84 to $20.60 and a consensus analyst price target of $24.71.

International Business Machines Corp. (NYSE: IBM) was reiterated as Buy and the target price was raised to $185 from $175 (versus a $170.55 prior closing price, after a 2.2% gain) at Argus. IBM has a 52-week range of $116.90 to $170.64 and a consensus analyst price target of $161.00. Argus believes that IBM is succeeding in its transformation from providing legacy IT solutions to becoming a provider of comprehensive next-generation solutions including cloud, analytics and cognitive...


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