Investing

Top Analyst Upgrades and Downgrades: American Water, Autodesk, Kraft Heinz, Palo Alto, Toyota, Vipshop and More

AbbVie Inc. (NYSE: ABBV) was reiterated as Buy with a target price of $85.00 (versus a $56.20 close) at Argus.

Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) was raised to Outperform from Market Perform at R.W. Baird.

Aegerion Pharmaceuticals Inc. (NASDAQ: AEGR) was maintained as Buy but the price target was cut to $12 from $16 at Jefferies.

Editas Medicine Inc. (NASDAQ: EDIT) was started as Buy with a fair value estimate of $48.00 (versus a $23.22 close) at Janney Capital Markets. The firm thinks genome editing is here to stay and that first-mover advantage (with CRISPR) and strong management and scientific advisors set Editas up for success.

Honda Motor Co. Ltd. (NYSE: HMC) was raised to Buy from Hold at Jefferies.

Icahn Enterprises L.P. (NASDAQ: IEP) was maintained as Buy but the price target was slashed from $105 to $61 at Jefferies.

Newfield Exploration Co. (NYSE: NFX) was raised to Buy from Neutral at SunTrust Robinson Humphrey.


Patriot National Inc. (NYSE: PN) was downgraded to Neutral from Buy at SunTrust Robinson Humphrey.

PRA Group Inc. (NASDAQ: PRAA) was downgraded to Neutral from Buy at Janney Capital Markets after its reduced growth outlook. Janney also took its fair value estimate down to $31 from $47.

Restoration Hardware Holdings Inc. (NYSE: RH) was raised to Strong Buy from Outperform at Raymond James, but this after shares fell almost 26% to $38.49.

Southern Airlines Co. Ltd. (NYSE: ZNH) was downgraded to Hold from Buy at Jefferies.

Southwestern Energy (NYSE: SWN) was downgraded to Underperform from Buy at Jefferies and the price target was cut to $4 from $11, with the firm noting depleting assets and mounting leverage.

Spirit Airlines Inc. (NASDAQ: SAVE) was raised to Outperform from Market Perform at Raymond James.

Stantec Inc. (NYSE: STN) was downgraded to Market Perform from Outperform at Raymond James.

Targa Resources Corp. (NYSE: TRGP) was raised to Neutral from Underperform and the price target was cut to $33 from $36 at Credit Suisse. Despite a lower target, the firm sees Targa as better positioned and with a better balance sheet than peers.

Tenaris S.A. (NYSE: TS) was raised to Neutral from Underperform at Credit Suisse.

U.S. Silica Holdings Inc. (NYSE: SLCA) was raised to Hold from Underperform at Jefferies.

If you missed Thursday’s top analyst upgrades and downgrades, they included Bank of America, Encana, Energy Transfer Partners, Restoration Hardware, Salesforce.com, Transocean and a dozen or so more companies.