Depomed Inc. (NASDAQ: DEPO) was reiterated as Buy at Janney with a fair value estimate of $28 (versus a $20.13 close). The firm said that Depomed has not raised prices since December 2015, so it expects that price increases are on the horizon.
Energizer Holdings Inc. (NYSE: ENR) was reiterated as Hold but the price target was raised to $50 from $45 (versus a $47.22 close) at Jefferies.
Greif Inc. (NYSE: GEF) was downgraded to Market Perform from Outperform with a $36 price target (versus a $36.04 close) at BMO Capital Markets.
Instructure Inc. (NYSE: INST) was reiterated as Outperform with a $27 price target (versus a $16.99 close) at Oppenheimer.
Michael Kors Holdings Ltd. (NYSE: KORS) was maintained as Neutral but the price target was cut to $49 from $57 (versus a $41.56 close) at Credit Suisse. This call was ahead of earnings, expecting soft watch and handbag data likely adding risk to its results.
Monotype Imaging Holdings Inc. (NASDAQ: TYPE) was started with a Buy rating and was assigned a $29 price target (versus a $23.51 close) at Ladenburg Thalmann.
Open Text Corp. (NASDAQ: OTEX) was raised to Sector Outperform from Sector Perform at CIBC World Markets.
Pilgrim’s Pride Corp. (NYSE: PPC) was downgraded to Hold from Buy at BB&T Capital Markets.
Sterling Construction Co. Inc. (NASDAQ: STRL) was maintained as Buy at Maxim Group, but its target price was cut to $6 from $8 (versus a $4.52 close).
Tesla Motors Inc. (NASDAQ: TSLA) was maintained as Sector Perform at RBC Capital Markets, but the price target was adjusted higher to $242 from $252 (versus a $217.91 close).
Universal Display Corp. (NASDAQ: OLED) was reiterated as Buy at Needham, but the price target was raised to $69 from $62 (versus a $64.39 close).
ViaSat Inc. (NASDAQ: VSAT) was reiterated as Sell at Wunderlich, but the firm raised its target price to $50 from $48 (versus a $68.26 close).
Workday Inc. (NYSE: WDAY) was reiterated as Buy at Needham, but the price target was raised to $85 from $80 (versus a $78.16 close).
Zimmer Biomet Holdings Inc. (NYSE: ZBH) was raised to Buy from Hold with target of $140 at Argus.
Tuesday’s top analyst upgrades and downgrades included ADM, General Mills, Home Depot, Microsoft, 3D Systems, Western Digital and over a dozen more companies.