Top Analyst Upgrades and Downgrades: Amazon, Biogen, GoPro, Intel, Micron, SunPower and More
Ballard Power Systems Inc. (NASDAQ: BLDP) was started as Buy with a price target of $2.50 (versus a $1.44 close) at H.C. Wainwright.
California Resources Corp. (NYSE: CRC) was started as Buy with a $7 price target (versus a $5.39 close) at Soc-Gen.
Coca Cola Femsa SAB de C.V. (NYSE: KOF) was raised to Overweight from Equal Weight at Barclays.
Carnival Corp. (NYSE: CCL) was upgraded from Underperform to Hold with a price target of $45.00 at Jefferies.
Fogo de Chao Inc. (NASDAQ: FOGO) was started as Neutral with a $24 price target at Credit Suisse.
Hanover Insurance Group Inc. (NYSE: THG) was started as Overweight with an $87 price target (versus a $77.54 close) at Piper Jaffray.
MINDBODY Inc. (NASDAQ: MB) was started as Outperform with an $18 price target at Credit Suisse. JMP Securities started coverage with a Market Outperform rating and $22 price target. UBS started it with a Buy rating and $19 price target, and Morgan Stanley gave an Overweight rating and $16.50 target. Pacific Crest started it as Overweight with a $19 price target.
Mercury Systems Inc. (NASDAQ: MRCY) was started as Hold at Jefferies.
Plexus Corp. (NASDAQ: PLXS) was started as Buy with a price target of $47.00 at B. Riley.
Workday Inc. (NYSE: WDAY) was raised to Buy from Hold at Evercore ISI.
YPF S.A. (NYSE: YPF) was raised to Outperform from Neutral at Credit Suisse.
8point3 Energy Partners L.P. (NASDAQ: CAFD) was started as Buy with a $25 price target (versus an $18.07 close) at Deutsche Bank.
In case you missed Monday’s top analyst upgrades and downgrades, they included Fitbit, Apple, ARM Holdings, Groupon, Palo Alto Networks, PepsiCo, Windstream and a dozen or so more.
Credit Suisse on Greece: The firm still places a 30% probability of a Grexit over the next year, and they believe that Continental European equities have experienced most of their Greece-related rally, but they are sticking with an overweight weighting in Continental Europe.