These are this Monday’s top analyst upgrades, downgrades and initiations covered by 24/7 Wall St.
AMC Entertainment Holdings Inc. (NYSE: AMC) was raised to Overweight from Equal Weight and its price target was raised to $29 from $24 (versus a $24.61 close) at Barclays.
Abaxis Inc. (NASDAQ: ABAX) was raised to Buy from Hold and the price target was raised to $60 from $40 at Canaccord Genuity.
Acuity Brands Inc. (NYSE: AYI) was raised to Buy from Neutral at Goldman Sachs.
Automatic Data Processing Inc. (NASDAQ: ADP) was maintained as Outperform and the price target was raised to $91 from $83 at Credit Suisse.
Barrick Gold Corp. (NYSE: ABX) was raised to Neutral from Underweight at HSBC.
Continental Resources Inc. (NYSE: CLR) was started as Buy with a $92 price target at Canaccord Genuity.
Costco Wholesale Corp. (NASDAQ: COST) was started as Buy with a $150 price target (versus a $125.37 close) at Citigroup. Be advised that this new target is now $14 above what appeared to be the prior street-high analyst target price.
Cree Inc. (NASDAQ: CREE) was downgraded to Neutral from Buy and the price target was cut to $48 from $60 (versus a $42.68 close) at Goldman Sachs.
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Rackspace Hosting Inc. (NYSE: RAX) was downgraded to Neutral from Overweight at J.P. Morgan.
Symantec Corp. (NASDAQ: SYMC) was downgraded to Sector Perform from Outperform at RBC Capital Markets.
Target Corp. (NYSE: TGT) was started as Neutral with a $66 price target at Citigroup
TransCanada Corp. (NYSE: TRP) was downgraded to Sell from Neutral at Goldman Sachs.
Veeco Instruments Inc. (NASDAQ: VECO) was raised to Neutral from Sell and the price target was raised to $35 from $30 (versus a $34.50 close) at Goldman Sachs.
Wal-Mart Stores Inc. (NYSE: WMT) was started as Neutral with a $80 price target at Citigroup.
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