Investing

Top Analyst Upgrades and Downgrades: Dick's Sporting Goods, Randgold, Royal Dutch Shell, Sysco, Tesla and More

Advance Auto Parts Inc. (NYSE: AAP) was downgraded to Market Perform from Strong Buy at Raymond James.

Affiliated Managers Group Inc. (NYSE: AMG) was reiterated as Outperform at Credit Suisse with a $246 price target (versus a $162.45 close). They called the stock too cheap on earnings with an attractive M&A pipeline.

Aircastle Ltd. (NYSE: AYR) was downgraded to Hold from Buy with a $19 price target (versus a $21.07 close) at Deutsche Bank.

Barrick Gold Corp. (NYSE: ABX) was reiterated as Buy and the price target was raised to $21 from $18 at Argus.

Bruker Corp. (NASDAQ: BRKR) was downgraded to Neutral from Buy at BTIG. Janney maintained its Neutral rating and raised its fair value from $26 to $28.

Catalent Inc. (NYSE: CTLT) was downgraded to Market Perform from Outperform at William Blair.

China Lodging Group Ltd. (NASDAQ: HTHT) was downgraded to Neutral from Buy with a $39 price target (versus a $35.67 close) at Goldman Sachs.

GNC Holdings Inc. (NYSE: GNC) was downgraded to Equal Weight from Overweight with a $28 price target (versus a $26.29 close) at Morgan Stanley.


Lumentum Holdings Inc. (NASDAQ: LITE) was raised to Overweight from Neutral with a $28 price target (versus a $25.00 close) at JPMorgan.

Magellan Midstream Partners L.P. (NYSE: MMP) was downgraded to Hold from Buy at Stifel.

Marketo Inc. (NASDAQ: MKTO) was raised to Neutral from Underperform and the price objective was raised to $26 from $20 (versus a $21.06 close) at Merrill Lynch. The firm expects acceleration from here and said it is trading at about half of comparable takeout prices.

Masimo Corp. (NASDAQ: MASI) was raised to Overweight from Neutral with a $52 price target (versus a $42.44 close) at Piper Jaffray.

ONEOK Partners L.P. (NYSE: OKS) was raised to Neutral from Underperform with a $40 price target (versus a $37.35 close) at Credit Suisse.

Papa Murphy’s Holdings Inc. (NASDAQ: FRSH) was downgraded to Neutral from Outperform at Robert W. Baird. Jefferies downgraded it to Hold from Buy with a $10 price target.

Park-Ohio Holdings Corp. (NASDAQ: PKOH) was downgraded to Market Perform from Outperform with a $33 price target (versus a $25.55 close) at FBR Capital Markets.

Roadrunner Transportation Systems Inc. (NYSE: RRTS) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets. BB&T downgraded it to Underweight from Hold.

Scorpio Bulkers Inc. (NYSE: SALT) was downgraded to Sell from Neutral with a $3.50 price target (versus a $3.86 close) at UBS.

Theravance Biopharma Inc. (NASDAQ: TBPH) was downgraded to Neutral from Buy at Merrill Lynch, noting that the upside is already priced into the shares even though a PDUFA for a label update for Vibativ likely will be positive.

Wednesday’s top analyst upgrades and downgrades included Anadarko Petroleum, Dollar General, Encana, FedEx, Teva Pharmaceutical, UBS and more than a dozen others.

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