Top Analyst Upgrades and Downgrades: Abbott Labs, Bluebird Bio, Chipotle, Eli Lilly, Ferrari, Wells Fargo and Many More
Akebia Therapeutics Inc. (NASDAQ: AKBA) was started as Buy with a $24 price target at HC Wainwright.
Ambarella Inc. (NASDAQ: AMBA) was maintained as Hold at Deutsche Bank, but the price target was cut to $60 from $70.
America Movil SAB de C.V. (NYSE: AMX) was started as Neutral at Credit Suisse.
ARM Holdings PLC (NASDAQ: ARMH) was downgraded to Market Perform from Outperform at Northland Securities.
BB&T Corp. (NYSE: BBT) was raised to Strong Buy from Outperform at Raymond James.
Big Lots Inc. (NYSE: BIG) ended up down 6% at $40.04 on Friday after missing earnings. Now on Monday we have seen Piper Jaffray cut the rating to Neutral from Overweight. Big Lots has a 52-week range of $38.15 to $51.11.
KBR Inc. (NYSE: KBR) was downgraded to Sell from Neutral with a $19 price target (versus a $19.45 close) at Goldman Sachs.
Motorola Solutions Inc. (NYSE: MSI) was started as Hold with a $68 price target (versus a $72.11 close) at Jefferies.
Norfolk Southern Corp. (NYSE: NSC) was raised to Equal Weight from Underweight and the price target was raised to $95 from $76 at Barclays.
Polaris Industries Inc. (NYSE: PII) was downgraded to Neutral from Buy at UBS.
Sovran Self Storage Inc. (NYSE: SSS) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.
TEGNA Inc. (NYSE: TGNA) was reiterated as Buy and the price target was raised to $33 from $30 (versus a $28.18 close) at Argus.
Thompson Creek Metals Co. Inc. (NYSE: TC) was downgraded to Underperform from Sector Perform at RBC Capital Markets.
Tyson Foods Inc. (NYSE: TSN) was downgraded to Equal Weight from Overweight at Stephens.
In case you missed Friday’s top analyst upgrades and downgrades, they included Ambarella, GoPro, LinkedIn, Mattel, Marriott, Qualcomm, Symantec and over a dozen more.