Top Analyst Upgrades and Downgrades: Chipotle, IBM, Level 3, Netflix, PayPal, Salesforce and More

Print Email

8point3 Energy Partners L.P. (NASDAQ: CAFD) was started as Buy with an $18 price objective (versus a $14.44 close) at Merrill Lynch.

Apptio Inc. (NASDAQ: APTI) was started with a Buy rating with a $26 price objective at Merrill Lynch. JPMorgan started it as Neutral with a $23 price target. RBC started it as Outperform with a $23 target, and Barclays started it as Equal Weight with a $23 price target. Goldman Sachs started Apptio as Neutral with a $21 price target.

Cypress Semiconductor Corp. (NASDAQ: CY) was downgraded to Equal Weight from Overweight at Barclays.

Del Taco Restaurants Inc. (NASDAQ: TACO) was reiterated as Outperform and the price target was raised to $17 at Wedbush.

Gulfport Energy Corp. (NASDAQ: GPOR) was raised to Buy from Neutral with a $35 price target (versus a $27.61 close) at Goldman Sachs.

Hospitality Properties Trust (NYSE: HPT) was started as Buy with a $31 price target (versus a $29.01 close) at Janney.

International Paper Co. (NYSE: IP) was downgraded to Underperform from Market Perform at Macquarie.

Ingersoll-Rand PLC (NYSE: IR) was maintained as Buy with an $80 price target at Jefferies, noting that HVA trends could offer upside even as industrial trends remain weak to stable.

Johnson Controls Inc. (NYSE: JCI) was started as Outperform with a $53 price target at Robert W. Baird.

Neurocrine Biosciences Inc. (NASDAQ: NBIX) was started as Buy with a $62 price target at Needham.

Oceaneering International Inc. (NYSE: OII) was started as Outperform at Wells Fargo.

Packaging Corp. of America (NYSE: PKG) was raised to Buy from Neutral at Merrill Lynch.

Synacor Inc. (NASDAQ: SYNC) was started with a Buy rating and given a $7 price target (versus a $2.85 close) at Ladenburg Thalmann.

Yahoo! Inc. (NASDAQ: YHOO) was downgraded to Hold from Buy at Needham.

Monday’s top analyst upgrades and downgrades were in Continental Resources, Freeport-McMoRan, Groupon, JPMorgan, Linear Technology, Marathon Oil, PNC Financial and over a dozen more.