These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Alarm.com Holdings Inc. (NASDAQ: ALRM) saw its quiet period come to an end with the following initiations: Credit Suisse at Outperform, Goldman Sachs at Neutral, Raymond James at Outperform, Stifel at Buy and William Blair at Outperform.
Pandora Media Inc. (NYSE: P) was reiterated as Buy with a $26 price target (versus a $13.81 close) at Canaccord Genuity. Pandora has a consensus price target of $22.00 and a 52-week trading range of $13.30 to $28.95. That 52-week low of $13.30 was hit on Monday.
PayPal Holdings Inc. (NASDAQ: PYPL) was started as Underweight at Piper Jaffray, started as Buy at BTIG and started as Outperform at RBC Capital Markets. PayPal closed up 5.4% at $40.47 on its first trading day.
SanDisk Corp. (NASDAQ: SNDK) was reiterated as Overweight with a $75.00 target price at Pacific Crest, ahead of Wednesday’s earnings report. SanDisk closed at $55.48, has a consensus analyst price target of $68.60 and has a 52-week range of $53.18 to $106.64.
SunEdison Inc. (NYSE: SUNE) was downgraded to Neutral from Outperform at R.W. Baird. SunEdison closed at $31.66 after its Vivint Solar acquisition, has a consensus price target of $37.54, and has a 52-week range of $13.09 to $33.45.
Tesla Motors Inc. (NASDAQ: TSLA) was downgraded to Sell from Neutral at UBS. Tesla closed at $282.26, has a consensus price target of $288.50 and has a 52-week range of $181.40 to $291.42.
Advanced Micro Devices Inc. (NASDAQ: AMD) was maintained as Neutral but the price target was cut to $2.00 from $2.25 at Mizuho. AMD closed at $1.80 and its 52-week range is $1.77 to $4.32.
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Other top analyst upgrades and downgrades seen this Tuesday were in shares of the following:
AppFolio Inc. (NASDAQ: APPF) was started as Outperform at William Blair and was started as Neutral at Credit Suisse.
Artisan Partners Asset Management Inc. (NYSE: APAM) was raised to Outperform from Neutral at Credit Suisse.
Calpine Inc. (NYSE: CPN) was maintained as Buy but was removed from the prized Conviction Buy List at Goldman Sachs.
eBay Inc. (NASDAQ: EBAY) was downgraded to Hold from Buy at Stifel.
Gilead Sciences Inc. (NASDAQ: GILD) was reiterated as Outperform with a $125 price target at Cowen.
Green Plains Partners L.P. (NYSE: GPP) saw its quiet period end and it was started in new coverage as follows: Barclays at Overweight, Bank of America Merrill Lynch at Buy, Credit Suisse at Outperform, RBC Capital Markets at Outperform and Stifel at Buy.
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Hasbro Inc. (NASDAQ: HAS) was downgraded to Neutral at Piper Jaffray and downgraded to Market Perform at BMO Capital Markets.
Hertz Global Holdings Inc. (NYSE: HTZ) was reiterated as Buy at Deutsche Bank and the price target was raised to $27 from $24.
International Business Machines Corp. (NYSE: IBM) was maintained as Neutral with a fair value estimate of $160.00 at Janney Capital Markets.
Interactive Intelligence Group Inc. (NASDAQ: ININ) was downgraded to Neutral from Outperform at R.W. Baird.
LinnCo LLC (NASDAQ: LNCO) was downgraded to Outperform from Strong Buy at Raymond James.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was reiterated as Buy and the fair value estimate was raised to $649 from $561 at Janney Capital Markets. This is ahead of a FDA decision on the potential blockbuster Praluent for high cholesterol, which was initially recommended for approval in a 13 to 3 vote.
United Natural Foods Inc. (NASDAQ: UNFI) was downgraded to Perform from Outperform at Oppenheimer.
Verisk Analytics, Inc. (NASDAQ: VRSK) was raised to Outperform from Sector Perform at Keefe Bruyette & Woods.
Xactly Corp. (NYSE: XTLY) saw its quiet period come to an end and coverage was started as follows: JPMorgan at Overweight, Oppenheimer at Outperform and Deutsche Bank at Buy.
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If you missed out on Monday’s top analyst upgrades and downgrades, they included Amazon.com, Clovis Oncology, Glaukos, Hertz Global, Peabody Energy, Whiting Petroleum and about a dozen more companies.
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