These are this Monday’s top analyst upgrades, downgrades, and initiations.
AT&T Inc. (NYSE: T) was started as Neutral with a $37 price target (versus $34.29 close) at Goldman Sachs. Canaccord Genuity reiterated its Hold rating, but raised its target to $35 from $34. Argus reiterated its Buy rating and $42 price target after closing on the DirecTV deal. AT&T has a consensus price target of $37.10 and a 52-week range of $32.07 to $37.48.
Chesapeake Energy Corp. (NYSE: CHK) was raised to Buy from Neutral at SunTrust Robinson Humphrey. Chesapeake closed down almost 5% at $8.28 on Friday, and it has a consensus price target of $13.39 and a 52-week range of $8.20 to $27.27.
Facebook Inc. (NASDAQ: FB) was reiterated as Outperform at Raymond James, and the price target was raised to $110 from $90 in the call based on video helping earnings. Facebook closed Friday at $96.95, has a consensus price target of $99.23, and a 52-week range of $70.32 to $99.24. We also just showed why Facebook will have to crush earnings expectations to keep the social media bulls happy.
QUALCOMM Inc. (NASDAQ: QCOM) was raised to Overweight from Equal Weight with a $75 price target (versus $61.64 close) at Morgan Stanley. Qualcomm would have been worse with earnings had it not been for an activist-styled restructuring. It has a consensus price target of $71.90 now and a 52-week range of $60.83 to $78.53.
Weatherford International PLC (NYSE: WFT) was raised to Equal Weight from Underweight with a price target of $12.00 (versus $10.64 close) at Barclays. Weatherford closed at $10.64, has a consensus price target of $15.11 and a 52-week range of $9.40 to $24.09.
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Other key analyst upgrades, downgrades, and initiations from this Monday were seen in shares of the following companies:
Anthem, Inc. (NYSE: ANTM) was raised to Buy from Neutral at Sterne Agee CRT.
Biogen Inc. (NASDAQ: BIIB) had a trainwreck of earnings and guidance report. It was downgraded to Neutral from Outperform with a $316 price target (versus $300.03 close) at R.W. Baird.
Box, Inc. (NYSE: BOX) was raised to Overweight from Sector Weight with a $24 price target (versus $16.29 close) at Pacific Crest.
Cametek Ltd. (NASDAQ: CAMT) was started as Buy with a $4.00 price target (versus $2.86 close) at Needham & Co.
CIGNA Corp. (NYSE: CI) was raised to Buy from Neutral with a $190 price target (versus $145.72 close) at Sterne Agee CRT.
CNX Coal Resources LP (NYSE: CNXC) was started as Outperform with a $22 price target (versus $14.63 close) at Credit Suisse. BofA Merrill Lynch started it as Buy with a $17 price target. JPMorgan started it as Overweight with a $18 price target. Stifel started it as Buy with a $19 price target. Goldman Sachs assigned a Neutral rating.
DealerTrack Holdings (NASDAQ: TRAK) was downgraded to Market Perform from Outperform at Wells Fargo.
Hormel Foods (NYSE: HRL) was started as Neutral with a $61 price target (versus $57.56 close) at Credit Suisse.
Lear Corp. (NYSE: LEA) was raised to Buy from Hold with a $122 price target (versus $99.59 close) at Deutsche Bank.
Navistar International Corp. (NYSE: NAV) was downgraded to Sell from Neutral and the price target was cut to $15 from $22 (versus $17.66 close) at Goldman Sachs.
Quality Systems Inc. (NASDAQ: QSII) was raised to Sector Perform from Underperform with a price target of $14 (versus $12.65 close) at RBC Capital Markets.
SFX Entertainment Inc. (NASDAQ: SFXE) was downgraded to Hold from Buy at Stifel Nicolaus.
Teladoc, Inc. (NYSE: TDOC) was started as Buy with a $37 target (versus $32.15 close) at SunTrust Robinson Humphrey. Here is the Full Teladoc quiet period expiration coverage.
Terex Corp. (NYSE: TEX) was downgraded to Sell from Neutral with a $18 price target (versus $21.49 close) at Goldman Sachs.
Ultragenyx (NASDAQ: RARE) was downgraded to Equal Weight from Overweight with a $126 price target (versus $131.36 close) at Morgan Stanley.
In case you missed out on Friday’s top analyst upgrades and downgrades, they were in shares of Amazon, GM, SolarCity, Sunesis, UAL, Disney, Valero and over a dozen more.
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