Top Analyst Upgrades and Downgrades (BPL, IDTI, LAD, MPC, PMTI, ALL, ARR, ACI, OFC, ISRG, COV, HMSY, JAKK, JMI, LOCK, LXFR, PCS, URI, WIT, YZC)
The top analyst upgrades, downgrades and initiations seen in Wall St. research calls are very thin this Tuesday as this is the second day that U.S. markets are closed today due to exchange and personnel issues around the hurricane.
Buckeye Partners L.P. (NYSE: BPL) cut to Neutral and named Bear of the Day at Zacks.
Integrated Device Technology Inc. (NASDAQ: IDTI) maintained Buy but cut target to $6.50 at Canaccord Genuity.
Lithia Motors Inc. (NYSE: LAD) named as Value Stock of the Day at Zacks.
Marathon Petroleum Corp. (NYSE: MPC) maintained Outperform but named as Bull of the Day at Zacks.
Palomar Medical Technologies Inc. (NASDAQ: PMTI) maintained Buy with $13.50 target.
The calls from Monday were as follows:
Allstate Corp. (NYSE: ALL) named Bull of the Day at Zacks.
Arch Coal Inc. (NYSE: ACI) cut to Sell at CRT Capital.
Armour Residential REIT (NYSE: ARR) started as Outperform with $7.50 target at Credit Suisse.
Corporate Office Properties Trust (NYSE: OFC) raised to Outperform at BMO Capital Markets.
JAKKS Pacific Inc. (NASDAQ: JAKK) maintained Underperform and named Bear of the Day at Zacks.
Javelin Mortgage Investment Corp. (NYSE: JMI) started as Neutral at Credit Suisse.
LifeLock Inc. (NYSE: LOCK) started as Buy at Needham, started as Buy at Deutsche Bank and started as Buy at Goldman Sachs.
Luxfer Holdings PLC (NYSE: LXFR) started as Outperform with $13 target at Credit Suisse.
MetroPCS Communications Inc. (NYSE: PCS) cut to Hold at Deutsche Bank.
United Rentals Inc. (NYSE: URI) named value stock of the day at Zacks.
Wipro Ltd. (NYSE: WIT) raised to Outperform at Credit Suisse.
Yanzhou Coal Mining Co. Ltd. (NYSE: YZC) cut to Underweight at HSBC.
HTC is not U.S.-traded on liquid markets but this hit a multiyear low and it was downgraded by both Macquarie and Daiwa in overseas coverage.
JON C. OGG