Investing

Top Analyst Upgrades and Downgrades: 3D Systems, Apple, Applied Materials, Chipotle, CSX, PepsiCo, Red Hat and More

Arc Logistics Partners L.P. (NYSE: ARCX) was started as Neutral with a fair value estimate of $11 (versus a $10.37 close) at Janney.

Adesto Technologies Corp. (NASDAQ: IOTS) was downgraded to Perform from Outperform at Oppenheimer, after the near-term outlook was short of expectations.

Aircastle Ltd. (NYSE: AYR) was downgraded to Market Perform from Outperform at Wells Fargo, but the valuation range went to $23 to $24 from $19 to $20 (versus a $22.74 close). The firm said that it has a sound growth strategy but has better relative value elsewhere.

Baxter International Inc. (NYSE: BAX) was raised to Overweight from Neutral with a $58 price target (versus a $42.34 close) at Piper Jaffray.

Fortinet Inc. (NASDAQ: FTNT) was started with a Hold rating and was assigned a price target of $30 (versus a $29.79 close) at Evercore ISI.

Graco Inc. (NYSE: GGG) was downgraded to Neutral from Buy with a price target of $85 (versus an $85.68 close) at SunTrust Robinson Humphrey.

Insys Therapeutics Inc. (NASDAQ: INSY) was started as Buy with a $22 fair value estimate (versus a $13.61 close) at Janney. The firm noted that Insys’s deep pipeline overcomes Subsys declines.


Pier 1 Imports Inc. (NYSE: PIR) was reiterated as Underperform at Merrill Lynch. The firm lowered its price target to $3.60 as it said the recent rally is overdone based up Pier 1’s challenges.

Restoration Hardware Holding Inc. (NYSE: RH) was started as Perform at Oppenheimer, so no price target was issued. Oppenheimer said near-term risks remain, but long term there is potential.

ServiceNow Inc. (NYSE: NOW) was started with a Buy rating and a target price of $86 (versus a $63.77 close) at Argus. It was called a fairly valued stock after an early 2016 sell-off that should aggressively add customers and upsell current clients with additional services.

Symantec Corp. (NASDAQ: SYMC) was started with a Sell rating and was assigned a price target of $14 (versus an $18.16 close) at Evercore ISI.

Wednesday’s top analyst upgrades and downgrades included Clovis, CSC, Norfolk Southern, Sprint, Square, Western Digital and over a dozen more.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.