Top Analyst Upgrades and Stocks to Buy: Avago, Melco Crown, PAA and More

24/7 Wall St.

It may be the last dog days of summer ahead of Labor Day, but analysts are still dribbling out research calls. Now that stocks have pulled back, investors and traders are looking for ideas of the stocks to buy and the stocks to sell. 24/7 Wall St. reviews many fresh research calls each morning to find great ideas in dividends, growth stocks and value stocks. These are some of this Wednesday's top analyst upgrades, initiations and positive analyst research calls seen from Wall Street.

Avago Technologies Ltd. (AVGO) is trading up 6% after earnings and guidance beat expectations. Sterne Agee reiterated its Buy rating and raised the price target from $44 to $46. Goldman Sachs also raised its target price to $48, and Credit Suisse raised its target price to $45.

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Control4 Corp. (CTRL) was started as Buy at Canaccord Genuity on a likely late Tuesday call. This one was started as Buy at BofA/Merrill Lynch on Tuesday as the broker quiet period ended.

Masco Corp. (MAS) was reiterated as Buy with a $25 price target and maintained on the Focus List at Argus.

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Melco Crown Entertainment Ltd. (MPEL) was started as Outperform in a positive Asian casino and resort group call by Credit Suisse.

Plains All American Pipeline L.P. (PAA) was maintained as Outperform with a $64 price target (versus $51.44 current) after its announced acquisition of affiliated PAA Natural Gas Storage L.P. (PNG) in an all-stock buyout.

Statoil ASA (STO) was raised to Buy from Neutral at BofA/Merrill Lynch.

Workday Inc. (NYSE: WDAY) was reiterated as Buy with a price target raised to $85 from $75 at Canaccord Genuity.

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