These are this Tuesday’s top analyst upgrades, downgrades and initiations.
ADT Corp. (NYSE: ADT) was started as Outperform with a price target of $39.00 (versus a $33.82 close) at Raymond James.
Microsoft Corp. (NASDAQ: MSFT) was downgraded to Neutral Buy and the price target was cut to $50 from $56 by Nomura Securities. The Rick Sherlund note said that a tougher transition is ahead and that the honeymoon phase is ending. Credit Suisse maintained its Outperform rating and $55 price target. J.P. Morgan cut the rating to Neutral from Overweight, and Citigroup cut its rating to Sell from Neutral.
3D Systems Corp. (NYSE: DDD) was downgraded to Hold from Buy at Jefferies. RBC Capital Markets has also maintained a Sector Perform rating, but it lowered the price target to $40 from $45. 3D Systems closed at $30.20 on Monday.
Tesla Inc. (NASDAQ: TSLA) was maintained as Outperform with a $325 price target (versus a $206.55 close) at Credit Suisse. The firm noted that an increase in order-to-delivery times and initial data on used Model S residual values has bolstered its confidence at a time when perceived risks drove down the shares.
Yelp Inc. (NYSE: YELP) was raised to Outperform from Market Perform with a $72 price target (versus a $55.41 close) at Raymond James.
The following stocks also had key analyst upgrades, downgrades or initiations seen from Wall Street research notes on Tuesday:
Cobalt International Energy Inc. (NYSE: CIE) was downgraded to Neutral from Buy at UBS.
Constant Contact Inc. (NASDAQ: CTCT) was raised to Outperform from Neutral and the price target was raised to $46 from $34 at Credit Suisse.
D.R. Horton Inc. (NYSE: DHI) was downgraded to Neutral from Buy at Citigroup.
E*Trade Financial Corp. (NASDAQ: ETFC) was reiterated Outperform and the valuation range was raised to $27 to $30 from $24 to $27 at Wells Fargo (versus a $24.19 close), based on its capital plan becoming more clear.
Hershey Co. (NYSE: HSY) was downgraded to Sector Perform from Outperform with a $113 price target (versus a $109.33 close) at RBC Capital Markets.
ALSO READ: 5 Analyst Stocks Under $5 With Massive Upside Calls
Marathon Oil Corp. (NYSE: MRO) was downgraded to Neutral from Buy at UBS.
News Corp. (NASDAQ: NWSA) was raised to Outperform from Market Perform with a $18.50 price target (versus a $15.54 close) at FBR Capital Markets.
Norfolk Southern Corp. (NYSE: NSC) was raised to Buy with a price target of $125 (versus a $106.11 close) at Argus.
Ross Stores Inc. (NASDAQ: ROST) was downgraded to Neutral from Overweight with a $89 price target (versus a $95.23 close) at Piper Jaffray.
Select Comfort Corp. (NASDAQ: SCSS) was raised to Buy from Hold at Stifel.
Statoil ASA (NYSE: STO) was downgraded to Underperform from Neutral at Credit Suisse.
TerraForm Power Inc. (NASDAQ: TERP) was started as Buy with a $39 price objective (versus a $32.82 close) at Bank of America Merrill Lynch.
Virgin America Inc. (NASDAQ: VA) was raised to Outperform from Market Perform with a $43 price target (versus a $36.95 close) at Raymond James.
ALSO READ: Why GE Will Keep Raising Its Dividend Ahead
In case you missed Monday’s top analyst upgrades, downgrades and initiations, they were in shares of Bed Bath & Beyond, Family Dollar, Garmin, McDonald’s, Ruckus Wireless, UPS, Verisign and a dozen or so other stocks.
Top Gaining Stocks
Top Losing Stocks