Apple Inc. (NASDAQ: AAPL) was downgraded to Market Perform from Outperform at Raymond James into the Apple Watch release. Canaccord Genuity took the other route, raising its price target to $150 from $145 based on higher market share for the iPhone 6.
Bemis Co. Inc. (NYSE: BMS) was raised to Buy from Neutral and the price objective was raised to $50 from $49 (versus a $45.76 close) at Bank of America Merrill Lynch.
Cabella’s Inc. (NYSE: CAB) was downgraded to Sell from Neutral at Goldman Sachs.
Citrix Systems Inc. (NASDAQ: CTXS) is lower after its very cautious earnings warning. Credit Suisse has maintained its Outperform rating and its $77.50 target, as it continues to believe that revenue growth is positioned to improve over the course of the year. William Blair downgraded the stock to Market Perform on the news.
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Crown Holdings Inc. (NYSE: CCK) was downgraded to Market Perform from Outperform with a $53 price target (versus a $55.22 close) at BMO Capital Markets.
Extreme Networks Inc. (NASDAQ: EXTR) was down sharply after the third-quarter warning. Wunderlich has downgraded it to Hold from Buy and given a new $2.80 price target, versus a prior $6 price target. Needham also downgraded its rating to Hold.
Kythera Biopharmaceuticals Inc. (NASDAQ: KYTH) was reinstated as Buy with a $66 price objective (versus a $47.00 close) at Merrill Lynch. The firm’s analysis is based on longer discounted cash flow estimates as the company is taking a shot at double chins.
Louisiana-Pacific Corp. (NYSE: LPX) was downgraded to Neutral from Buy with a $17 price objective (versus a $16.08 close) at Merrill Lynch.
Mylan N.V. (NASDAQ: MYL) was reiterated Buy and the price target was raised to $80 from $66 (versus a $70.10 close) at Argus. With the Perrigo deal, Argus even said that its discounted cash flow model renders a fair value of near $85.
Netflix Inc. (NASDAQ: NFLX) was raised to Buy from Neutral at Citigroup. The price target was raised all the way up to $525 from $409 in the call, against a $439.50 close. Netflix has a consensus target of about $452, but $600 is the street-high target.
Perrigo Co. PLC (NASDAQ: PRGO) was downgraded to Hold from Buy at Argus, following a 17% move higher, and the firm thinks the Mylan deal makes sense.
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Tilly’s Inc. (NYSE: TLYS) was downgraded to Neutral from Buy at B. Riley.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) was started as Buy with a $150 price target (versus a $125.64 close) at Canaccord Genuity.
Weatherford International PLC (NYSE: WFT) was raised to Outperform with a $19 price target (versus a $13.87 close) at RBC Capital Markets.
In case you missed Thursday’s top analyst upgrades and downgrades, they included Alcoa, Marathon Oil, Marvell Technology, Starbucks, Vale and a dozen more companies.
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