Investing
Top Analyst Upgrades and Downgrades: Apple, AT&T, Autodesk, Bluebird Bio, Monsanto, Sarepta and More
September 15, 2016 8:55 am
Last Updated: January 13, 2020 3:32 am
AMC Networks Inc. (NASDAQ: AMCX) was downgraded to Hold from Buy with a $60 price target (versus a $51.97 close) at Stifel.
Arch Capital Group Ltd. (NASDAQ: ACGL) was downgraded to Equal Weight from Overweight with an $85 price target (versus a $80.65 close) at Barclays.
Extreme Networks Inc. (NASDAQ: EXTR) was raised to Buy from Neutral at D.A. Davidson.
Ferrellgas Partners L.P. (NYSE: FGP) was downgraded to Underperform from Sector Perform at RBC Capital Markets.
Helmerich & Payne Inc. (NYSE: HP) was downgraded to Hold from Buy at Argus.
Seattle Genetics Inc. (NASDAQ: SGEN) was raised to Neutral from Sell with a $47 price target (versus a $54.06 close) at Goldman Sachs.
Syntel Inc. (NASDAQ: SYNT) was downgraded to Underperform from Market Perform at William Blair.
Vitae Pharmaceuticals Inc. (NASDAQ: VTAE) is being acquired for a huge 150%-plus premium. Analysts see no higher bid coming, and it was downgraded to Market Perform from Outperform at Wells Fargo. BMO Capital Markets also lowered its rating to Market Perform from Outperform.
VF Corp. (NYSE: VFC) was downgraded to Underperform at Merrill Lynch, and the firm lowered its price objective to $54 from $73, based on a more tempered outlook for Outdoor/Action brands.
Wednesday’s top analyst upgrades and downgrades included Consolidated Edison, Eldorado Gold, ENSCO, Freeport-McMoRan, Las Vegas Sands, Macy’s, Potash Corp. and a dozen more companies.
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