These are this Monday’s top analyst upgrades, downgrades and initiations.
Fitbit Inc. (NYSE: FIT) has seen its quiet period end and shares closed at $42.10 on Friday. The digital health monitor maker was started as Buy with a $50 price target at SunTrust Robinson Humphrey. Morgan Stanley started Fitbit as Equal Weight with a $42 price target, and William Blair assigned a Market Perform rating. Stifel started it as Buy with a $57 price target. Piper Jaffray started Fitbit as Overweight with a $52 price target.
Apple Inc. (NASDAQ: AAPL) was raised to Buy from Neutral and was given a $140 price target (versus $123.28 close) at Soc-Gen. Recent share weakness and the new iPhone this fall were cited for the strength.
ARM Holdings PLC (NASDAQ: ARMH) was downgraded to Underweight from Neutral at JPMorgan.
Groupon Inc. (NASDAQ: GRPN) was raised to Outperform from Neutral at Macquarie.
Palo Alto Networks Inc. (NYSE: PANW) was started as Overweight with a $216 price target (versus $180.80 close) at JPMorgan.
PepsiCo Inc. (NYSE: PEP) was downgraded to Neutral from Positive at Susquehanna.
Windstream Holdings Inc. (NASDAQ: WIN) was downgraded to Sell from Neutral with a $5 price target (versus a $5.68 close) at UBS.
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Other key analyst upgrades and downgrades from Monday were as follows:
Allstate Corp. (NYSE: ALL) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
AutoNation Inc. (NYSE: AN) was raised to Overweight from Underweight at Morgan Stanley.
Brocade Communications Systems Inc. (NASDAQ: BRCD) was downgraded to Sector Perform from Outperform with a $12 price target (versus an $11.32 close) at RBC Capital Markets.
Celadon Group Inc. (NYSE: CGI) was raised to Strong Buy from Market Perform at Raymond James.
Centene Corp. (NYSE: CNC) was raised to Outperform from Market Perform with a $90 price target (versus a $72.91 close) at FBR Capital Markets.
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Corning Inc. (NYSE: GLW) was downgraded to Underperform from Neutral with a $16 price objective (versus a $19.28 close) at Bank of America Merrill Lynch.
Hologic Inc. (NASDAQ: HOLX) was downgraded to Hold from Buy at Evercore ISI.
Ingersoll-Rand PLC (NYSE: IR) was raised to Buy from Hold at Stifel.
Murphy Oil Corp. (NYSE: MUR) was downgraded to Underweight from Equal Weight at Morgan Stanley, and the price target was cut to $48 from $50 (versus a $40.06 close).
Phillips 66 Partners L.P. (NYSE: PSXP) was started as Outperform at Wells Fargo.
SL Green Realty Corp. (NYSE: SLG) was downgraded to Sell from Neutral with a $105 price target (versus a $114.93 close) at Goldman Sachs.
STMicroelectronics N.V. (NYSE: STM) was downgraded to Underweight from Neutral at JPMorgan.
Vornado Realty Trust (NYSE: VNO) was downgraded to Neutral from Buy Goldman Sachs.
VOXX International Corp. (NASDAQ: VOXX) was raised to Buy from Neutral with an $11 price target (versus a $8.01 close) at B. Riley.
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In case you missed out on Friday’s top analyst upgrades and downgrades, they were in shares of AT&T, Costco, Gap, Intercontinental Exchange, Rackspace, Sprint, Verizon Communications and Weatherford International and over a dozen more.
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