These are this Tuesday’s top analyst upgrades, downgrades and initiations.
American Airlines Group Inc. (NASDAQ: AAL) was downgraded to Equal Weight from Overweight at Morgan Stanley. The price target was cut to $49.00 (versus a $43.03 close). The consensus price target is $58.18 and the 52-week trading range is $28.10 to $56.20.
AT&T Inc. (NYSE: T) was raised to Buy from Neutral and the price target was raised to $42.00 from $34.00 (versus a $35.04 close) at UBS. Barclays raised its rating to Overweight and the price target was raised to $39.00 from $34.00. The consensus price target is $34.61, and the 52-week trading range is $32.07 to $37.48. The prior highest price target was $40.00.
Newmont Mining Corp. (NYSE: NEM) was reinstated as Outperform with a $30.00 price target (versus a $23.95 close) at Credit Suisse. Newmont’s consensus price target is $27.50 and the 52-week range is $17.60 to $27.90.
Vodafone Group PLC (NASDAQ: VOD) was raised to Buy from Neutral at Nomura. After closing at $37.59 per ADS, the U.S. consensus price target is $39.71, and the 52-week trading range is $28.63 to $39.46.
Western Digital Corp. (NASDAQ: WDC) was downgraded to Neutral from Overweight and the price target was cut to $92.00 from $105.00 (versus a $91.60 close) at JPMorgan. Western Digital has a consensus price target of $115.67 and a 52-week range of $82.85 to $114.69.
Yelp Inc. (NYSE: YELP) was started as Buy with a $60 price target (versus a $45.28 close) at Topeka Capital Markets. Yelp has a consensus price target of $53.69, and its 52-week trading range is $37.91 to $86.88.
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Other key analyst upgrades and downgrades seen this Tuesday were as follows:
Angie’s List Inc. (NASDAQ: ANGI) was started as Hold with a $7 price target (versus a $6.23 close) at Topeka Capital Markets.
Choice Hotels International Inc. (NYSE: CHH) was downgraded to Sell from Neutral and the price target was cut to $51.00 from $58.00 (versus a $56.44 close) at UBS.
Coupons.com Inc. (NYSE: COUP) was started as Market Perform at William Blair.
Diageo PLC (NYSE: DEO) was raised to Buy from Neutral at Nomura.
Echo Global Logistics Inc. (NASDAQ: ECHO) was reinstated as Outperform with a target price of $39.00 (versus a $33.37 close) at Credit Suisse.
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First Horizon National Corp. (NYSE: FHN) was raised to Market Perform from Underperform at Wells Fargo.
Lipocine Inc. (NASDAQ: LPCN) was started as Buy with a $15.00 price target (versus an $8.06 close) at Canaccord Genuity.
M&T Bank Corp. (NYSE: MTB) was raised to Market Perform from Underperform at Wells Fargo.
Molson Coors Brewing Co. (NYSE: TAP) was downgraded to Neutral from Buy at Nomura.
Perrigo Co. PLC (NASDAQ: PRGO) was started as Outperform with a $246 price target (versus a $186 close) at BMO Capital Markets.
Quest Diagnostics (NYSE: DGX) was downgraded to Neutral from Buy with a $76.00 price target (versus a $72.27 close) at Goldman Sachs.
Smith & Nephew PLC (NYSE: SNN) was raised to Buy from Neutral at UBS.
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Team Health Holdings Inc. (NYSE: TMH) was raised to Overweight from Sector Weight at KeyBanc Capital Markets.
Vanguard Natural Resources LLC (NASDAQ: VNR) was raised to Outperform from Market Perform with a $17.00 price target (versus a $14.83 close) at Raymond James.
Zumiez Inc. (NASDAQ: ZUMZ) was raised to Buy from Neutral with a price target of $35.00 (versus a $27.29 close) at B. Riley.
In case you missed Monday’s top analyst upgrades and downgrades, they included Alcoa, FireEye, MetLife, Micron Technology, Symantec and over a dozen other well-known companies.
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