Top Analyst Upgrades and Downgrades: BHP, Coach, Monster, TIBCO, GNC, Barclays and More

GNC Holdings Inc. (NYSE: GNC) was started as Buy with a $50 price target (versus $36.72 close) at Bank of America Merrill Lynch. The firm sees a significant opportunity to accelerate its same-store sales and drive its earnings multiple higher.

Monster Beverage Corp. (NASDAQ: MNST) was started as Outperform with an $82 price target (versus a $66.74 close) at Credit Suisse. The firm believes that a growth recovery will drive shares higher, and that target price is about $5 higher than the consensus price target.

Newell Rubbermaid Inc. (NYSE: NWL) was raised to Overweight from Equal Weight with a $34 price target (versus a $28.99 close) at Morgan Stanley. The call is with shares down more than 10% this year despite an opportunity for sustained revenue growth.

Penn Virginia Corp. (NYSE: PVA) was reiterated as Buy at Canaccord Genuity. The firm thinks that the stock is oversold and has tweaked its estimates following the asset sale news.

TIBCO Software Inc. (NASDAQ: TIBX) was a serious earnings disappointment, and shares were indicated to be down almost 15% around $17.80 — a new 52-week low. See the update at the end. The stock was downgraded to Hold at Stifel, downgraded to Neutral at Mizuho Securities and downgraded to Market Perform by JMP. UPDATED COVERAGE: How analysts and old buyout rumors saved the day for TIBCO.

ALSO READ: The Safest High-Yield Dividends of the S&P 500

Under Armour Inc. (NYSE: UA) was raised to Buy from Hold and the price target was raised to $65 from $50 (versus a $51.10 close) at Jefferies.

Vitamin Shoppe Inc. (NYSE: VSI) was raised to Neutral from Underperform and given a $47 price target (versus a $42.22 close) at Merrill Lynch. The firm sees improvement in comparable sales and earnings growth.

XL Group PLC (NYSE: XL) was raised to Overweight from Equal Weight and given a $39 price target (versus a $32.38 close) by Morgan Stanley.

Tuesday’s top analyst upgrades and downgrades included Apple, Allergan, Broadcom, NBG, Devon, Kroger and many more stocks.

The big economic report of the week is unemployment and payrolls. Bloomberg is calling for the unemployment rate to rise 0.1% to 6.4% in May, with nonfarm payrolls up 213,000 (vs. 288,000 in April) and private sector payrolls up 215,000 (vs. 273,000 in April). ADP will have just changed that bias and expectation as the report came in showing that the private sector added only 179,000 jobs in May, versus the consensus estimate of 210,000 for May and down from 220,000 in April.