Top Analyst Upgrades and Downgrades: Deutsche Bank, Editas, EMC, Exxon Mobil, First Solar, Newmont Mining and More
Box Inc. (NYSE: BOX) was maintained as Outperform at Oppenheimer, but the price target was cut to $18 from $21 in the call, as bookings patterns will weigh on the company in the near term.
Commercial Metals Co. (NYSE: CMC) was downgraded to Underperform from Neutral with a $17 price objective at Merrill Lynch. The firm sees increased rebar import pressure weighing on its domestic mill margins.
Dimension Therapeutics Inc. (NASDAQ: DMTX) was started as Buy with a $12 price target (versus an $8.09 close) at Jefferies. The cited strength is its expertise in AAV, providing some competitive advantage in an increasingly crowded gene therapy space focusing on liver diseases.
Eiger BioPharmaceuticals Inc. (NASDAQ: EIGR) was started as Outperform with a $36 price target at Wedbush Securities.
EnerSys (NYSE: ENS) was raised to Buy from Hold with a $74 price target (versus a $63.77 close) at Maxim Group.
Greenlight Capital Re Ltd. (NASDAQ: GLRE) was started with a Buy rating at Janney.
Great Plains Energy Inc. (NYSE: GXP) was downgraded to Underweight from Equal Weight with a $28 price target (versus a $28.97 close) at Barclays.
HD Supply Holdings Inc. (NASDAQ: HDS) was started as Buy with a $43 price target (versus a $35.15 close) at Longbow Research.
Intuitive Surgical Inc. (NASDAQ: ISRG) was downgraded to Neutral from Buy and the price target was cut to $674 from $690 (versus a $637.69 close) at Goldman Sachs.
Lending Tree Inc. (NASDAQ: TREE) was started with a Buy rating and was given a $100 price target (versus an $83.96 close) at Compass Point.
Mueller Water Products Inc. (NYSE: MWA) was reiterated as Outperform at Oppenheimer as one of the firm’s top small-cap picks. Its target was raised to $13 from $12 in the call. Janney reiterated its Buy rating and $12 fair value estimate. Shares closed most recently at $10.99.
Penn National Gaming Inc. (NASDAQ: PENN) was raised to Equal Weight from Underweight with a $16 price target (versus a $15.75 close) at Morgan Stanley.
Progressive Corp. (NYSE: PGR) was downgraded to Sell from Neutral at Citigroup, and the price target is now $31 (versus a $33.40 close).
Pure Storage Inc. (NYSE: PSTG) was raised to Buy from Neutral with a price target of $16 (versus an $11.31 close) at UBS.
SunPower Corp. (NASDAQ: SPWR) was started with a Market Perform rating at Wells Fargo.
Wednesday’s top analyst upgrades and downgrades included of Anheuser-Busch InBev, Charter Communications, Costco, Nike, TiVo, Under Armour, Whole Foods and a dozen or so more. Tuesday’s top analyst upgrades and downgrades were in shares of Cliffs Natural Resources, Deere, Lockheed Martin, Micron Technology, Zillow and a dozen or so more.