On Friday we saw the ultimate analyst, Warren Buffett, release his latest equity holdings.
These are this Monday’s top analyst upgrades, downgrades and initiations.
Blue Buffalo Pet Products Inc. (NASDAQ: BUFF) has seen its quiet period end, after closing at $26.79. Blue Buffalo was started as Market Perform at Wells Fargo. JPMorgan started it as Overweight rating and a $32 price target. Deutsche Bank started it as Buy with a $31 price target.
Cisco Systems Inc. (NASDAQ: CSCO) was downgraded to Equal Weight from Overweight with a price target of $30.00 (versus a $29.03 close) at Morgan Stanley. Cisco has a consensus price target of $31.34 and a 52-week range of $22.49 to $30.31.
J.C. Penney Co. Inc. (NYSE: JCP) was started as Buy with a $12.50 price target (versus an $8.52 close) at B. Riley. It has a consensus target of only $8.89 and a 52-week range of $5.90 to $11.30.
JPMorgan Chase & Co. (NYSE: JPM) was raised to Outperform from Market Perform with a $77 price target (versus a $68 close) at Keefe Bruyette & Woods. The consensus target for JPMorgan is almost $75 and the 52-week range is $54.26 to $70.61.
Micron Technology Inc. (NYSE: MU) was raised to Market Perform from Underperform at Wells Fargo. Micron was also maintained as Buy at Topeka Capital Markets, although its price target was cut to $27 from $28 in the call. Wedbush downgraded Micron to Neutral from Outperform with a $19 price target. Micron has a consensus target price of about $28.50 and a 52-week range of $16.82 to $36.59.
Tesla Motors Inc. (NASDAQ: TSLA) was reiterated as Overweight and named as a Top Pick at Morgan Stanley. The firm also substantially raised its price target to $465 from $280. Tesla’s consensus target is $293.07 and its 52-week range is $181.40 to $291.42.
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Other top analyst upgrades, downgrades and initiations from this Monday were as follows:
Applied Micro Circuits Corp. (NASDAQ: AMCC) was still seen positive at Canaccord Genuity after the CFO departure and guidance maintained. The firm reiterated its Buy rating and $10 price target.
Baxalta Inc. (NYSE: BXLT) was started as Outperform at William Blair.
Commercial Metals Co. (NYSE: CMC) was started as Buy with a $20.00 price target (versus a $16.00 close) at CLSA.
Copa Holdings S.A. (NYSE: CPA) was downgraded to Market Perform from Outperform with a $60 target (versus a $62.01 close) at Cowen.
eBay Inc. (NASDAQ: EBAY) was started as Hold with a price target of $28.00 (versus a $28.26 close) at Evercore ISI.
The Fresh Market Inc. (NASDAQ: TFM) was downgraded to Market Perform from Outperform at BMO Capital Markets.
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Huntsman Corp. (NYSE: HUN) was maintained as Buy at Goldman Sachs, but the chemicals player was removed from the firm’s Conviction Buy List.
Inphi Corp. (NYSE: IPHI) was raised to Overweight from Equal Weight and the price target was raised to $31.50 from $23.00 (versus a $22.58 close) at Morgan Stanley.
Neos Therapeutics Inc. (NASDAQ: NEOS) was started as Market Perform at JMP Securities with a $32 price target. RBC Capital Markets started it as Outperform with a price target of $35, and BMO Capital Markets started it as Outperform with a $26 price target. Neos Therapeutics recently closed at $20.63.
Oasis Petroleum Inc. (NYSE: OAS) was raised to Outperform from Market Perform and the $16.00 price target was maintained at BMO Capital Markets.
Primerica Inc. (NYSE: PRI) was raised to Buy from Hold with a $50 price target (versus a $42.60 close) at Jefferies.
Silicon Motion Technology Corp. (NASDAQ: SIMO) was raised to Overweight from Sector Weight with a price target of $32.00 (versus a $23.71 close) at Pacific Crest.
Summit Midstream Partners L.P. (NYSE: SMLP) was downgraded to Neutral from Outperform at R.W. Baird, and the price target was cut to $26 in the call.
W.R. Grace & Co. (NYSE: GRA) was already covered with a formal Buy rating at Goldman Sachs, but it was added to the firm’s prized Conviction Buy list on Monday.
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WuXi PharmaTech Inc. (NYSE: WX) was downgraded to Market Perform from Outperform at William Blair.
Zumiez Inc. (NASDAQ: ZUMZ) was raised to Positive from Neutral with a $29.00 price target (versus a $23.37 close) at Susquehanna.
If you missed out on Friday’s top analyst upgrades and downgrades, they were in shares of CIT, CyberArk, Kinder Morgan, Whole Foods, Exxon Mobil, DuPont and over a dozen more.
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