The markets started lower today following a rather large downgrade list from analysts. Many analysts have been trying to get their ratings out before what many think will be a disappointing earnings season. The list of downgrades only temporarily hurt the market before oil helped it turn higher and close near the highs of the day. The Dow 30 was up 144 (0.83%), the S&P 500 gained 19 (0.97%) and the Nasdaq 100 added a respectable 38 points (0.80%).Starbucks (SBUX  ) suffered a 2.30% decline today but it should be noted that the coffee chain closed well off the lows of the day. Today Deutsche Bank downgraded it from "buy" to "hold." Deutsche Bank says they expect the shares will have limited upside, in part due to the changes in its domestic loyalty program. Shares gapped lower on the open today but recovered almost half the days losses.

Avon (AVP  ) was downgraded by Piper Jeffrays to "neutral" from "overweight", but investors didn't seem to mind as the stock rallied 3.30%. Piper Jeffrays says the shares are fairly valued following the rally that occurred in 2016. Avon is still trying to recover from last years 46% drop causing it to hit a low of $2.38 in January.

L Brands (LB  ) was also downgraded today and gapped lower on the open. Investors seemed to think the 11% decline in 4 days was an opportunity though. Shares closed only slightly lower on the day (-0.26%). The Victoria Secret parent was brought down a notch from "buy" to "neutral" by Goldman Sachs. The stock has slid nearly 20% since the start of the year, hitting a 2016 low today of $76.05 per share. Goldman expects that restructuring at Victoria's Secret could weaken near-term sales growth.