Top Analyst Upgrades and Downgrades: Discover Financial, Juniper Networks, Kellogg, Micron, NetApp, Rio Tinto, Synchrony Financial, UnitedHealth and More

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Bank of Montreal (NYSE: BMO) was raised to Buy from Hold at Canaccord Genuity.

Chicago Bridge & Iron Company N.V. (NYSE: CBI) was started as Buy with a $43 price target (versus a $33.38 close) at Argus. This was also one of the more recent projected Trump infrastructure winners, and it has a 52-week range of $26.12 to $41.33. The consensus price target was $36.00.

HD Supply Holdings Inc. (NASDAQ: HDS) was downgraded to Hold from Buy with a $38 price target (versus a $40.89 close) at SunTrust Robinson Humphrey.

IDEX Corp. (NYSE: IEX) was downgraded to Sector Perform from Outperform with a $101 price target (versus a $95.27 close) at RBC Capital Markets.

MercadoLibre Inc. (NASDAQ: MELI) was raised to Buy from Neutral with a $200 price target (versus a $157.55 close) at Goldman Sachs.

Murphy Oil Corp. (NYSE: MUR) was downgraded to Underperform from Neutral at Credit Suisse.

Navient Corp. (NASDAQ: NAVI) was started with a Hold rating and with an $18 price target at Jefferies.

Oil States International Inc. (NYSE: OIS) was raised to Overweight from Neutral with a $42 price target (versus a $36.95 close) at JPMorgan.

Patterson-UTI Energy Inc. (NASDAQ: PTEN) was raised to Neutral from Underweight and the price target was raised to $24 from $14 (versus a $28.59 close) at JPMorgan.

SLM Corp. (NASDAQ: SLM) was started with a Buy rating and assigned a $12.50 price target (versus a $10.78 close) at Jefferies.

Verisk Analytics Inc. (NASDAQ: VRSK) was started with a Hold rating and assigned an $85 price target (versus an $83.04 close) at Deutsche Bank.

There are 10 major biopharma catalysts and FDA events that could create major moves in December alone.

Speaking of infrastructure, Deutsche Bank is raising expectations on five steel giants.

Eleven undervalued Dow stocks have to play a part in getting the Dow to 22,000

Four top dividends should be bargains even in rising interest rates.

Jefferies sees four top banks having more room to run higher.

Tuesday’s top analyst upgrades and downgrades included Arista Networks, McDonald’s, TripAdvisor, Newmont Mining, Nike, Visa and over a dozen more.