Top Analyst Upgrades and Downgrades: BioMarin, BP, Genworth, Petrobras, Target and More

These are this Monday’s top analyst upgrades, downgrades and initiations.

Abercrombie & Fitch Co. (NYSE: ANF) was downgraded to Neutral from Buy and the price target was cut to $25 from $40 at Janney Capital Markets, and it was downgraded to Perform from Outperform with a $30 price target (down from $50) at Oppenheimer.

American Eagle Outfitters Inc. (NYSE: AEO) was downgraded to Equal Weight from Overweight and the price target was cut to $11 from $15 at Barclays.

BP PLC (NYSE: BP) was downgraded to Neutral from Overweight at J.P. Morgan.

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BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) was raised to Buy from Neutral and the price target was raised up to $104 from $78 (versus an $83.91 close) at Goldman Sachs.

Boulder Brands Inc. (NASDAQ: BDBD) was raised to Overweight from Neutral and the price target was lifted to $13 from $11 (versus an $8.76 close) at Piper Jaffray.

Genworth Financial Inc. (NYSE: GNW) was downgraded to Market Perform from Outperform at Keefe Bruyette Woods.

Home Depot Inc. (NYSE: HD) was reiterated Outperform and the price target was raised to $115 from $101 at Oppenheimer.

Karyopharm Therapeutics Inc. (NASDAQ: KPTI) was started as Outperform with a $53 price target (versus a $42.14 close) at Oppenheimer.

Lowe’s Companies Inc. (NYSE: LOW) was reiterated Outperform and the price target was raised to $70 from $60 at Oppenheimer.

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Myriad Genetics Inc. (NASDAQ: MYGN) was started as Underweight with a $25 price target (versus a $34.89 close) at Morgan Stanley, which might as well have been rated “Strong Sell: with a target that low. The consensus price target was actually $39, and Morgan Stanley’s is the street’s lowest target price.

Nationstar Mortgage Holdings Inc. (NYSE: NSM) was raised to Market Perform from Underperform at Keefe Bruyette Woods.

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, was downgraded to Market Perform from Outperform at Cowen.

PulteGroup Inc. (NYSE: PHM) was raised to Buy from Neutral and the price target was raised to $25 from $23 (versus a $19.96 close) at Bank of America Merrill Lynch.

Target Corp. (NYSE: TGT) was raised to Buy from Hold at Stifel.

Furthermore, 24/7 Wall St. would warn readers that there are currently 14 IPOs on deck for this week.