Automatic Data Processing Inc. (NASDAQ: ADP) was reiterated as Buy and the price target was raised to $118 from $100 (versus a $103.80 close) at Argus.
Anheuser-Busch InBev S.A. N.V. (NYSE: BUD) was started as Overweight at Barclays.
CNH Industrial N.V. (NYSE: CNHI) was raised to Neutral from Underperform at Merrill Lynch. The firm sees upside to $9.50 on peer group P/E multiple and has a hypothetical sum of the parts valuation of $12 to $13 under a breakup scenario. Shares closed at $8.89 but were up 2% at $9.07 on Friday in early indications.
Fortive Corp. (NYSE: FTV) was raised to Outperform from Neutral and the price target was raised to $60 from $54 (versus a $53.67 close) at Credit Suisse. The firm believes that organic recovery and M&A should drive a rerating for Fortive.
Generac Holdings Inc. (NYSE: GNRC) was downgraded to Underperform from Neutral with what was referred to as a downside to $35 (versus a $40.91 close) at Merrill Lynch. The rating is due to its fresh model review causing the firm to lower 2017 and 2018 EBITDA estimates by 9% to 10%.
Kennametal Inc. (NYSE: KMT) was raised to Neutral from Underperform with a $36 price objective (versus a $34.56 close) at Merrill Lynch.
Magnachip Semiconductor Corp. (NYSE: MX) was raised to Buy from Hold with a $10 price target (versus a $6.65 close) at Needham.
Nordic American Tankers Ltd. (NYSE: NAT) was started with a Neutral rating and assigned a $9 price target (versus an $8.66 close) at Credit Suisse. The company does at least have a large dividend yield, but that has been volatile.
Norfolk Southern Corp. (NYSE: NSC) was reiterated as Buy and the price target was raised to $125 (versus a $111.01 close) at Argus.
PACCAR Inc. (NASDAQ: PCAR) was raised to Outperform from Sector Perform with a $75 price target (versus a $66.33 close) at RBC Capital Markets.
Peak Resort Inc. (NASDAQ: SKIS) was reiterated as Buy and the fair value estimate was raised to $7 from $5.50 (versus a $5.55 close) at Janney.
Randgold Resources Ltd. (NASDAQ: GOLD) was raised to Buy from Hold at Berenberg.
Ritchie Bros. Auctioneers Inc. (NYSE: RBA) was downgraded to Underperform from Neutral at Merrill Lynch.
Roper Technologies Inc. (NYSE: ROP) was raised to Overweight from Neutral at JPMorgan.
Tesaro Inc. (NASDAQ: TSRO) was started as Overweight and assigned a $172 target (versus a $146.98 close) at Morgan Stanley.
Tiffany & Co. (NYSE: TIF) was raised to Market Perform from Underperform and the price valuation range was $80 to $82 (versus an $80.55 close) at Wells Fargo.
Tractor Supply Co. (NASDAQ: TSCO) was raised to Outperform from Neutral with an $85 price target (versus a $75.95 close) at Wedbush Securities. The firm sees signs of inflection in key drivers pointing to a better year ahead.
WABCO Holdings Inc. (NYSE: WBC) was downgraded to Market Perform from Outperform with a $115 price target (versus a $106.65 close) at BMO Capital Markets.
Thursday’s top analyst upgrades and downgrades included AK Steel, Merck, Twitter, U.S. Steel, Walt Disney, Xerox and over a dozen more.
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