Top Analyst Upgrades and Downgrades: BHP Billiton, Deere, Logitech, Medtronic, Square, Sealed Air, Orbital ATK and More
Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) was raised to Outperform from Market Perform with a $17 price target (versus a $12.68 close) at Leerink.
Brookfield Infrastructure Partners L.P. (NYSE: BIP) was started as Outperform with a $59 price target (versus a $48.87 close) at Credit Suisse.
CST Brands Inc. (NYSE: CST) was downgraded to Neutral from Outperform at Macquarie. Gabelli lowered its rating to Hold from Buy.
Devon Energy Corp. (NYSE: DVN) was reiterated as Buy and the price target was raised to $51 from $41 (versus a $44.10) at Argus. The team believes that Devon’s focus on liquids production in unconventional North American plays is underappreciated by investors.
First Horizon National Corp. (NYSE: FHN) was downgraded to Underperform from Market Perform at Wells Fargo.
Johnson Controls Inc. (NYSE: JCI) was already rated as Outperform at Credit Suisse, but the firm added it to the prized U.S. Focus List, as catalysts should drive a rebound in share price performance.
Oasis Petroleum Inc. (NYSE: OAS) was downgraded to Market Perform from Outperform with a $10 price target (versus a $9.87 close) at BMO Capital Markets.
ResMed Inc. (NYSE: RMD) was downgraded to Underperform and the price target was cut to $58 from $60 (versus a $69.78 close) at Jefferies.
United Continental Holdings Inc. (NYSE: UAL) was started as Outperform with a $57 price target (versus a $46.95 close) at Imperial Capital.
Goldman Sachs has tempered its expectations for oil gains this year, noting a $45 per barrel level for 2017 due to ample or over-supply metrics.
This almost seems impossible to understand, particularly if you trust analyst views in general, but Caterpillar is the best performing Dow stock so far in 2016 — and by far!
Monday’s top analyst upgrades and downgrades were in shares of Garmin, Micron Technology, U.S. Steel, Urban Outfitters, Williams Companies, Hormel Foods and about a dozen more.