Top Analyst Upgrades and Downgrades: Best Buy, CA, Deere, Eli Lilly, Ferrari, Netflix, Oracle, Salesforce.com and More
Stocks were surprisingly higher on Monday after the weekend’s terror attacks in Paris. 24/7 Wall St. reviews dozens of analyst reports each day to find new investing and trading ideas for its readers. Some analyst reports cover stocks to buy, while others cover stocks to sell or avoid. These are this Monday’s top analyst upgrades, downgrades and initiations.
Best Buy Co. Inc. (NYSE: BBY) was downgraded to Sector Perform at RBC Capital Markets, and the price target was maintained at $36.00.
CA Inc. (NASDAQ: CA) was raised to Neutral from Sell at Citigroup.
Deere & Co. (NYSE: DE) was started as Hold at Societe Generale with a $79.00 price target.
Eli Lilly and Co. (NYSE: LLY) was raised to Outperform from Market Perform and the price target was raised to $100 from $90 at BMO Capital Markets.
Endo International PLC (NASDAQ: ENDP) was downgraded to Neutral from Buy at Mizuho Securities.
Ferrari N.V. (NYSE: RACE) has seen its quiet period end and the analyst community looks mixed: BNP Paribas started it at Sell, Bank of America Merrill Lynch started as a Buy and JPMorgan started it at Neutral.
Netflix Inc. (NASDAQ: NFLX) was maintained as Buy at Topeka Capital Markets, but the price target was cut to $142 from $161 (versus a $103.65 prior close).
NVIDIA Corp. (NASDAQ: NVDA) was raised to Buy from Hold at Canaccord Genuity.
Oracle Corp. (NYSE: ORCL) was already rated as Buy, and it was moved up to the prized Conviction Buy list at Goldman Sachs with a $47 price target (versus a $37.30 close).
Progressive Corp. (NYSE: PGR) was downgraded to Sell from Neutral with a $28 price target at Goldman Sachs.
Salesforce.com Inc. (NYSE: CRM) was reiterated as Outperform and the price target was raised to $90 from $80 at RBC Capital Markets. This is ahead of this week’s earnings report.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) was maintained as Outperform but the price target was cut to $100 from $110 (versus a $79.17 close).
In case you missed Friday’s top analyst upgrades and downgrades, they included Abbott Labs, BioMarin, CBS, Cisco Systems, GameStop, Petrobras, Sirius XM, SunPower, Yelp and over a dozen more companies.