The weakness that started in September vanished over the course of last week as investors are eagerly awaiting the Federal Reserve’s first interest rate cut of the cycle this week. Long-term investors and short-term traders alike are looking for new ideas ahead of that rate cut. Tactical Bulls is continually on the hunt for some of those new ideas inside the daily flow of Wall Street research reports.

Each morning’s new analyst upgrades and downgrades can be one of the potential sources for finding new ideas that might have otherwise been overlooked or missed. Long-term investors get a picture of new buy, sell and hold ratings. Traders get a glimpse of short-term reactions to news and to the analyst calls.

Tactical Bulls always reminds its readers and all investors that no single analyst report should ever be used as the sole reason to buy or sell a stock. The decision to buy, sell or hold needs to be made by each investor along with their financial advisor.

These are some of the top analyst upgrades and downgrades seen on Monday, September 16, 2024.

Ally Financial Inc. (NYSE: ALLY) was downgraded to Neutral from Buy at BTIG.

ARM Holdings PLC (NASDAQ: ARM) was started with a Hold rating at Benchmark.

BHP Group Limited (NYSE: BHP) was raised to Outperform from market Perform at Bernstein.

Builders FirstSource Inc. (NYSE: BLDR) was raised to Buy from Hold and its price target was raised to $220 from $165 at Truist.

Colgate-Palmolive (NYSE: CL) was downgraded to Underweight from Equal Weight sat Wells Fargo.

Diamond Back Energy (NYSE: FANG) was started with a Hold rating at Jefferies.

Eaton Corp. (NYSE: ETN) was started with a Buy rating and a $348 price target at Citigroup.

GE Vernova (NYSE: GEV) was started as Overweight was started with an Overweight rating and a $250 price target at Barclays.

Kinder Morgan Inc. (NYSE: KMI) was raised to Equal-Weight from Underweight with a $24 price target at Morgan Stanley.

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MKS Instruments Inc. (NASDAQ: MKSI) was downgraded to Neutral from Buy and its price target was cut to $120 from $145 at Citigroup.

Simon Property Group, Inc. (NYSE: SPG) was raised to Outperform from In-Line and its price target as raised to $172 from $160 at Evercore ISI.

The Southern Company (NYSE: SO) was downgraded to Neutral from Outperform at Mizuho.

Synchrony Financial (NYSE: SYF) was downgraded to Neutral from Buy at BTIG.

Yelp Inc. (NYSE: YELP) was started with an Underperform rating and was assigned a $30 price objective at BofA Securities.

Zillow Group, Inc. (NASDAQ: ZG) was raised to Outperform from Neutral and its price target was raised to $80 from $50 at Wedbush Securities.

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