Economy

Top Analyst Upgrades and Downgrades: American Water, CenturyLink, Chesapeake, Tesla, Macy's, Chimera and More

Arc Logistics Partners L.P. (NYSE: ARCX) was started as Buy with a price target of $26.00 (versus a $17.74 close) at SunTrust Robinson Humphrey.

Becton, Dickinson and Co. (NYSE: BDX) was raised to Buy from Neutral with a $167 price (versus a $142.04 close) at UBS.

Entegris Inc. (NASDAQ: ENTG) was started as Sector Weight at Pacific Crest.

Organovo Holdings Inc. (NYSEMKT: ONVO) was started as Buy with a $5 price target (versus a $3.93 close) at Jefferies. Piper Jaffray also started coverage as Overweight with a $5 price target as well.

OvaScience Inc. (NASDAQ: OVAS) was started as Neutral with a $40 price target (versus a $29.86 close) at JPMorgan.

8point3 Energy Partners L.P. (NASDAQ: CAFD) was started as Neutral with a $21 price target (versus a $19.69 close) at UBS.

Rouse Properties Inc. (NYSE: RSE) was started as Overweight with a $21 price target (versus a $16.35 close) at Barclays.

Ryder System Inc. (NYSE: R) was raised to Buy from Hold with a $104 price target (versus a $89.08 close) at Stifel.

Synaptics Inc. (NASDAQ: SYNA) was raised to Outperform from Perform with a $105 price target (versus a $86.32 close) at Oppenheimer. This upgrade is on the heels of last week’s drop from almost $94 to almost $86 on fears of not supplying iPhone chips.

Ternium S.A. (NYSE: TX) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.

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The Dow fell 0.4% last week and was up 0.7% in 2015, while the S&P 500 also fell 0.4% last week and was up 2.1% for the year. Credit Suisse’s strategy team said on Monday:

Global growth is improving after a slow start to the year. We expect broad-based strength in the second half driven by a rebounding US, policy stimulus across Asia, and an ongoing European upswing, assuming no shock from Greece. … We expect the Fed to start tightening in September. Solid growth and tightening labor markets should prevent further loosening this year from the ECB and BoJ.

Imagine a day when Greece and Puerto Rico both are effectively resounding the default risks, and the S&P 500 is down 21 points and the Dow is indicated down 180 points. That was the way things were on Monday.