Stocks are challenging all-time highs, and this is a shortened week due to Thanksgiving. Investors have to start positioning their assets and portfolios for 2014. 24/7 Wall St. reviews dozens of research reports from Wall Street each morning. We are on the hunt for new ideas for our readers, such as stocks to buy and stocks to sell. These are this Tuesday's top analyst upgrades, downgrades and initiations seen from Wall Street research firms.
Anheuser-Busch InBev S.A. (BUD) was downgraded to Sell from Hold by Societe Generale.
ASML Holding N.V. (ASML) was raised to Buy from Hold at Societe Generale.
IAMGOLD Corp. (IAG) was downgraded to Underweight from Equal Weight by Morgan Stanley.
The Fresh Market Inc. (TFM) was downgraded to Neutral from Buy at Goldman Sachs, but keep in mind that its stock fell from roughly $50 to $40 after earnings came in under expectations.
FireEye Inc. (FEYE) was raised to Overweight from Equal Weight at Barclays, but the $45 price target remains, as this is effectively a call to buy on weakness.
Freeport-McMoRan Copper & Gold Inc. (FCX) was downgraded to Neutral from Buy, but the price target was raised to $37 from $36, at Goldman Sachs.
Galena Biopharma Inc. (GALE) is a big upside call from Oppenheimer. The biotech outfit was started as Outperform with a $6 price target at the firm, and that $6 price compares to a close of $3.67 and a 52-week range of $1.48 to $4.16.
Huntsman Corp. (HUN) was raised to Buy from Neutral and the price target was raised up to $29 from $22 at Goldman Sachs.
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Kinross Gold Corp. (KGC) was raised to Equal Weight from Underweight by Morgan Stanley.
Peabody Energy Corp. (BTU) was raised to Outperform with a $24 price target (versus a $18.38 close) at Macquarie. Peabody remains a top coal stock, with a market cap of almost $5 billion, and its 52-week trading range is $14.34 to $28.75. We would point out that the consensus price target on the stock is about $23.75.
Tuesday Morning Corp. (TUES) was started as outperform with a $17 price target at Credit Suisse.
Jefferies has given stock picks for its top 2014 themes.