Top Analyst Upgrades and Downgrades: Apple, Callon Petroleum, Hewlett Packard Enterprise, Lululemon, Nike, Rio Tinto and More
AbbVie Inc. (NYSE: ABBV) was downgraded to Neutral from Overweight with a $73 price target (versus a $64.97 close) at JPMorgan.
Cerner Corp. (NASDAQ: CERN) was downgraded to Market Perform from Outperform at Cowen.
Copa Holdings S.A. (NYSE: CPA) was raised to Overweight from Equal Weight at Morgan Stanley.
Fortive Corp. (NYSE: FTV) was started with a Hold rating at Argus.
Gol Linghas Aereas Inteligentes S.A. (NYSE: GOL) was raised to Overweight from Equal Weight at Morgan Stanley.
Johnson Controls Inc. (NYSE: JCI) was raised to Outperform from Neutral with a $55 price target (versus a $47.22 close) at Macquarie.
Monogram Residential Trust Inc. (NYSE: MORE) was started with a Buy rating, and the fair value estimate was set at $11.50 (versus a $10.59 close), at Janney.
Pier 1 Imports Inc. (NYSE: PIR) was last seen trading down 14.6% at $4.10 after missing earnings and as its CEO was stepping down. Pier 1 was downgraded to Perform from Outperform at Oppenheimer. Raymond James downgraded its rating to Market Perform from Buy, and Credit Suisse downgraded it to Underperform from Neutral.
Sanofi S.A. (NYSE: SNY) was raised to Buy from Hold at Berenberg.
Spectra Energy Corp. (NYSE: SE) was downgraded to Neutral from Buy with a $42 price target (versus a $41.92 close) at Goldman Sachs. Most analysts are positive on the Spectra-Enbridge merger.
Tractor Supply Co. (NASDAQ: TSCO) lowered guidance and shares were indicated down almost 14% from its $83.53 closing price. The stock was downgraded to Neutral from Overweight with a $72 price target (versus an $83.53 close) at Piper Jaffray. Raymond James downgraded its rating to Market Perform from Buy, and Credit Suisse lowered its rating to Neutral from Outperform.
VMware Inc. (NYSE: VMW) was resumed with a Hold rating at Needham.
Wednesday’s top analyst calls included Barrick Gold, Caterpillar, ConocoPhillips, PNC Financial, Tonix Pharma, Spirit Realty and over a dozen more.