Carrizo Oil & Gas Inc. (NASDAQ: CRZO) was maintained as Buy at Canaccord Genuity, but the firm lowered its price target down to $50.00 from $54.00. Carrizo shares closed at most recently at $40.35 and have a consensus price target of $50.44. The 52-week trading range is $27.79 to $56.77.
Nike Inc. (NYSE: NKE) was raised to Buy with a $148.00 price target (versus a $130.47 prior close) at BB&T Capital Markets. Nike has a consensus analyst price target of $137.74 and a 52-week range of $86.77 to $130.59.
Oracle Corp. (NYSE: ORCL) was downgraded to Sector Weight from Overweight at Pacific Crest. Oracle closed at $37.37, has a consensus analyst price target of $44.29 and has a 52-week range of $35.14 to $46.71.
Pure Storage Inc. (NYSE: PSTG) was started as Neutral with a $21.00 price target (versus an $18.84 close, after a 4% drop) at UBS. Pure Storage has a post-IPO range of $15.50 to $20.60.
Regions Financial Corp. (NYSE: RF) was maintained as Buy with a $12.00 fair value estimate (versus a $9.02 close) at Janney Capital Markets. Regions has a consensus price target of $10.90 and a 52-week range of $8.54 to $10.87.
Seagate Technology PLC (NASDAQ: STX) was downgraded to Neutral from Positive and the price target was cut to $45 from $60 (versus a $39.56 close, after its warning) at Susquenhanna. Seagate has a consensus target price closer to $49 now, as well as a 52-week range of $38.64 to $69.40.
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Other key analyst upgrades, downgrades and initiations seen on Monday were in the following:
BorgWarner Inc. (NYSE: BWA) was downgraded to Underweight from Overweight and the price target was slashed to $37 from $68 (versus a $43.64 close) at Morgan Stanley.
Cablevision Corp. (NYSE: CVC) was raised to Equal Weight from Underweight and the price target was raised to $35.00 from $22.00 (versus a $33.01 close) at Morgan Stanley.
CIT Group Inc. (NYSE: CIT) was reiterated as Buy with a $53.00 fair value estimate (versus a $40.69 close) at Janney Capital Markets.
Delek US Holdings Inc. (NYSE: DK) was raised to Neutral from Underperform with a $35.00 price objective (versus a $27.04 close) at Bank of America Merrill Lynch.
Diamond Foods Inc. (NASDAQ: DMND) was downgraded to Hold from Buy at BB&T Capital Markets.
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Discover Financial Services (NYSE: DFS) was maintained as a Top Pick but the price target was cut to $69.00 from $77.00 (versus a $55.71 close) at RBC Capital Markets.
Ecolab Inc. (NYSE: ECL) was downgraded to Hold from Buy with a $125.00 price target (versus a $122.10 close) at Deutsche Bank.
Enable Midstream Partners L.P. (NYSE: ENBL) was raised to Buy from Neutral at Citigroup.
Endologix Inc. (NASDAQ: ELGX) was started with an Outperform rating and a $17.00 price target (versus a $13.90 close) at RBC Capital Markets.
Itron Corp. (NASDAQ: ITRI) was raised to Buy from Hold with a $45.00 price target (versus a $34.34 close) at Canaccord Genuity.
Joy Global Inc. (NYSE: JOY) was downgraded to Underweight from Hold at BB&T Capital Markets.
New Residential Investment Corp. (NYSE: NRZ) was raised to Overweight from Neutral and the price target was lowered to $16.00 from $17.00 (versus a $12.98 close) at Piper Jaffray.
NextEra Energy Partners L.P. (NYSE: NEP) was raised to Buy from Neutral with a $32.00 price target (versus a $25.26 close) at Goldman Sachs.
Texas Roadhouse Inc. (NASDAQ: TXRH) was raised to Overweight from Sector Weight at KeyBanc Capital Markets.
Ubiquiti Networks Inc. (NASDAQ: UBNT) was downgraded to Market Underperform from Market Perform with a $26.00 price target (versus a $34.15 close) at JMP Securities.
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In case you missed Friday’s top analyst upgrades and downgrades, they included Blackstone, Infloblox, Dynegy, IBM, Sprint, Spirit Airlines and Verizon Communications and more.
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