Check Point Software Technologies Ltd. (NASDAQ: CHKP) was started as Overweight and was assigned a $95 price target (versus a $76.30 close) at Piper Jaffray.
Hi-Crush Partners L.P. (NYSE: HCLP) was raised to Neutral from Sell and the price target was raised to $15 from $9.00 (versus a $14.46 close) at UBS.
Kraft Heinz Co. (NASDAQ: KHC) was reiterated as Buy and the price target was raised to $96 from $91 (versus an $89.23 close) at Argus.
Macy’s Inc. (NYSE: M) was downgraded to Neutral from Outperform at Credit Suisse, favoring Dillard’s (see above) as the shift to execution phase could lead to underperformance.
PennyMac Financial Services Inc. (NYSE: PFSI) was downgraded to Neutral from Buy at Merrill Lynch.
Shopify Inc. (NYSE: SHOP) was downgraded to Equal Weight from Overweight with a $47 price target (versus a $43.87 close) at Morgan Stanley.
Signature Bank (NASDAQ: SBNY) was raised to Overweight from Equal Weight but the price target was cut to $139 from $150 (versus a $115.96 close) at Barclays.
Starbucks Corp. (NASDAQ: SBUX) was reiterated as Outperform at Wedbush Securities, but the firm lowered its price target to $65 from $70, based on 31 times its lowered 2017 EPS target.
Taubman Centers Inc. (NYSE: TCO) was raised to Buy from Neutral and the price target was raised to $87 from $79 (versus a $75.50 close) at Goldman Sachs.
Tempur Sealy International Inc. (NYSE: TPX) was downgraded to Neutral from Buy at Longbow Research.
Merrill Lynch has four top tech dividend picks for the fourth quarter.
Analysts have six biotech picks for 50% to 150% upside.
Tuesday’s top analyst upgrades and downgrades were in CBOE, Comcast, GW Pharmaceuticals, Hormel Foods, Vonage, Wells Fargo and a dozen more.
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