Investing
Top Analyst Upgrades and Downgrades: Apple, Coach, Encana, NXP Semiconductors, Sina, Under Armour and More
September 30, 2016 8:50 am
Last Updated: January 13, 2020 2:57 am
Accenture PLC (NYSE: ACN) was reiterated as Buy and the 12-month target price was raised to $138 from $128 (versus a $121.64 close) at Argus.
Arctic Cat Inc. (NASDAQ: ACAT) was started as Buy with a $19 price target (versus a $14.41 close) at Jefferies. It is seen as having an opportunity to accelerate its turnaround and market share gains amid new product launches and recalls plaguing peers.
Casey’s General Stores Inc. (NASDAQ: CASY) was raised to Buy from Hold but the price target was cut to $134 from $137 at Jefferies.
Core-Mark Holding Co. Inc. (NASDAQ: CORE) was downgraded to Hold from Buy and the price target was slashed to $33 from $52 at Jefferies.
CNO Financial Group Inc. (NYSE: CNO) was downgraded to Neutral from Buy at Goldman Sachs.
Enbridge Energy Partners L.P. (NYSE: EEP) was started with a Buy rating and was assigned a $29 price target (versus a $25.14 close) at Mizuho.
Fox Factory Holding Corp. (NASDAQ: FOXF) was started as Buy with a $26 price target (versus a $22.13 close) at Jefferies. The firm said this is its top pick based on higher penetration into powersports and automotive categories and due to its growing bicycle total addressable market.
Rockwell Automation Inc. (NYSE: ROK) was upgraded to Market Perform from Underperform and the price target was raised to $121 from $105 (versus a $117.12 close) at Bernstein.
Service Corp. International (NYSE: SCI) was reinstated as Buy with a $32 price objective (versus a $26.31 close) at Merrill Lynch.
Skechers USA Inc. (NYSE: SKX) was raised to Positive from Neutral with a $27 price target (versus a $21.91 close) at Susquehanna.
Sprouts Farmers Market Inc. (NASDAQ: SFM) was raised to Buy from Hold but the price target was cut to $24 from $25 at Jefferies.
Terex Corp. (NYSE: TEX) was started with a Buy rating and assigned a $30 price target (versus a $24.29 close) at CLSA.
Thursday’s top analyst calls included Apple, BlackBerry, eBay, Fitbit, Lululemon Athletica, Nike and about a dozen more.
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