Top Analyst Upgrades and Downgrades: Analog Devices, First Solar, Hewlett Packard Enterprise, Intel, Urban Outfitters and More
Abercrombie & Fitch (NYSE: ANF) was downgraded to Sell from Hold with a $13 price target (versus $15.49 close) at Deutsche Bank. This call follows roughly 10 downgrades and target cuts in recent days.
Autoliv, Inc. (NYSE: ALV) was raised to Neutral from Sell at Goldman Sachs.
Bank of Montreal (NYSE: BMO) was raised to Neutral from Underperform at Credit Suisse.
Camden Property Trust (NYSE: CPT) was raised to Buy from Neutral at BofA Merrill Lynch.
Carnival Corporation (NYSE: CCL) was raised to Outperform from Market Perform at Sanford Bernstein.
Cognizant Technology Solutions (NASDAQ: CTSH) was downgraded to Market Perform from Outperform at William Blair.
Diplomat Pharmacy, Inc. (NYSE: DPLO) was downgraded to Underperform from Neutral at Credit Suisse.
Education Realty Trust (NYSE: EDR) was raised to Buy from Neutral at BofA Merrill Lynch.
McKesson (NYSE: MCK) was downgraded to Underperform from Neutral at Credit Suisse.
PAREXEL International Corp. (NASDAQ: PRXL) was downgraded to Market Perform from Outperform at Wells Fargo.
Koninklijke Philips N.V. (NYSE: PHG) was started as Buy at Citigroup.
Ternium S.A. (NYSE: TX) was started as Buy at Berenberg.
ZTO Express (NYSE: ZTO) was started as Overweight at J.P. Morgan.
Credit Suisse’s global equity strategy team upgraded Japanese equities to Overweight and they increased their mid-2017 Nikkei price target to 20,000.
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Tuesday’s top analyst upgrades and downgrades were in shares of Duke Energy, Ford, GM, Huntington Bancshares, Tyson Foods and in a dozen or so more companies.