Top Analyst Upgrades and Downgrades: Avis Budget, Baker Hughes, Enphase, Hecla Mining, MannKind, Nokia, Tesla, US Steel and More
Bloomin’ Brands Inc. (NASDAQ: BLMN) was downgraded to Outperform from Strong Buy and the price target was cut to $22 from $25 (versus a $17.51 close) at Raymond James.
Cabela’s Inc. (NYSE: CAB) was started as Overweight with a $50 price target (versus a $39.79 close) at Barclays.
CNO Financial Group Inc. (NYSE: CNO) was downgraded to Market Perform from Outperform with a $21 price target (versus a $19.78 close) at Keefe Bruyette Woods.
Dick’s Sporting Goods Inc. (NYSE: DKS) was started as Equal Weight with a $50 price target (versus a $44.88 close) at Barclays.
Dow Chemical Co. (NYSE: DOW) was started as Equal Weight at Barclays.
DSW Inc. (NYSE: DSW) was downgraded to Neutral from Positive at Susquehanna.
Everyday Health Inc. (NYSE: EVDY) was raised to Buy from Hold at Stifel.
Frank’s International N.V. (NYSE: FI) was downgraded to Neutral from Outperform with a $18 price target (versus a $17.21 close) at Credit Suisse.
Kellogg Co. (NYSE: K) was raised to Neutral from Underperform with a $72 price target (versus a $68.09 close) at Credit Suisse.
Kennametal Inc. (NYSE: KMT) was downgraded to Underperform from Neutral and the price objective was cut to $23 from $26 (versus a $27.82 close) at Merrill Lynch.
NuStar Energy L.P. (NYSE: NS) was downgraded to Hold from Buy at Stifel.
Oclaro Inc. (NASDAQ: OCLR) was raised to Buy from Neutral with a $4.00 price target (versus a $3.16 close) at B. Riley. Shares were indicated up 6% to $3.37 after earnings were better than expected, and the prior 52-week range was $1.40 to $3.17.
Targa Resources Partners L.P. (NYSE: NGLS) was downgraded to Hold from Buy at Stifel. Goldman Sachs raised its rating to Neutral from Sell with a $33.00 price target (versus a $30.30 close).
WebMD Health Corp. (NASDAQ: WBMD) was raised to Buy from Hold with a $52.00 price target at Stifel.
In case you missed Tuesday’s top analyst calls, they included Altria, CEVA, CONSOL Energy, Enbridge Energy Partners, NVIDIA, UBS, Visa and over a dozen more companies. Other Tuesday upgrades included Amazon.com, Diamond Offshore Drilling and Visa.