Top Analyst Upgrades and Downgrades: American Eagle, AOL, Boeing, Lululemon, Microsoft, ResMed, Vivint and More
AmerisourceBergen Corp. (NYSE: ABC) was reiterated as Buy at Argus, and the price target was raised to $135 from $104. Revenue growth, margin expansion and a higher outlook were all cited in the call.
CA Technologies Inc. (NASDAQ: CA) was reiterated as Buy with a $36 price target (versus a $31.28 close) at Argus.
Colfax Corp. (NYSE: CFX) was reiterated as Buy and the target price remains at $62 (versus a $49.87 close) at Argus, with the note that the recent sell-off has provided a buying opportunity.
EnCana Corp. (NYSE: ECA) was downgraded to Sector Perform from Outperform with a price target of $15.00 (versus a $13.86 close) at RBC Capital Markets.
Engility Holdings Inc. (NYSE: EGL) was raised to Buy from Hold with a price target of $31 (versus a $23.76 close) at Stifel.
Franco-Nevada Corp. (NYSE: FNV) was started as Buy at Canaccord Genuity.
Gold Fields Ltd. (NYSE: GFI) was raised to Neutral from Sell at UBS.
Horizon Technology Finance Corp. (NASDAQ: HRZN) was started as Outperform with a price target of $15 (versus a $14.16 close) at Oppenheimer.
Humana Inc. (NYSE: HUM) was downgraded to Underperform from Neutral with a $150 price target (versus a $173.38 close and a prior $165 target) at Sterne Agee CRT.
Mobileye N.V. (NASDAQ: MBLY) was started as Sector Weight at Pacific Crest.
Nabors Inc. (NYSE: NBR) was downgraded to Market Perform from Outperform with an $19 price target (versus a $16.22 close) at BMO Capital Markets.
Piedmont Office Realty Trust (NYSE: PDM) was raised to Market Perform from Underperform at Wells Fargo.
PowerSecure International Inc. (NASDAQ: POWR) was raised to Buy from Hold with a $17 price target (versus a $14.31 close) at Maxim Group.
PRA Group Inc. (NASDAQ: PRAA) was maintained as Buy with a $60 price target and fair value estimate (versus a $55.93 close) at Janney Capital Markets, with the note that a jury verdict of $83 million in punitive damages is way too excessive.
Rentrak Corp. (NASDAQ: RENT) was raised to Buy from Hold with a $65 price target (versus a $51.11 close) at Wunderlich.
RigNet Inc. (NASDAQ: RNET) was downgraded to Perform from Outperform at Oppenheimer.
Royal Gold Inc. (NASDAQ: RGLD) was started as Hold with a $72.50 price target (versus a $66.19 close) at Canaccord Genuity.
Scripps Networks Interactive Inc. (NYSE: SNI) was reiterated as Buy and with an upside price target of $100 (versus a $66.71 close) at Argus, with a note that new growth initiatives are being launched and it is cheap to peers.
Seventy Seven Energy Inc. (NYSE: SSE) was raised to Buy from Neutral at SunTrust Robinson Humphrey.
Shire PLC (NASDAQ: SHPG) was reiterated as Overweight at Morgan Stanley and its overseas price target was raised to imply 15% upside in its American depositary shares.
Tokai Pharmaceuticals Inc. (NASDAQ: TKAI) was reiterated as Buy with a Fair Value estimate of $18.00 (versus a $11.07 close) at Janney Capital Markets. This was after Oppenheimer said it could more than triple.
U.S. Concrete Inc. (NASDAQ: USCR) was reiterated as Buy at Sterne Agee, but the price target was raised to $45 from $42 (versus a $37.60 close) after beating earnings estimates.
Vale S.A. (NYSE: VALE) was downgraded to Neutral from Outperform at Macquarie.
Verizon Communications Inc. (NYSE: VZ) was reiterated as Buy and with a $59 target at Argus, following the AOL acquisition announcement.
In case you missed Tuesday’s top analyst upgrades and downgrades, they included Alkermes, Cisco Systems, Gap, Rackspace, SouFun, Verizon Communications and over a dozen more companies.