Investing

Top Analyst Upgrades and Downgrades: Apple, Boeing, CSX, Deere, Humana, Potash Corp, Suncor Energy and Many More

Potash Corp. of Saskatchewan Inc. (NYSE: POT) was raised to Market Perform from Underperform at Cowen.

Shares of Potash Corp. closed at $18.89 the prior day, in a 52-week range of $14.75 to $19.88 and with a consensus analyst target price of $17.64.

Suncor Energy Inc. (NYSE: SU) was downgraded to Neutral from Outperform at Macquarie.

Suncor closed down 1.4% at $31.28 the prior day, versus a consensus analyst price target of $36.75 and a 52-week range of $20.35 to $33.79.

Alliant Energy Corp. (NYSE: LNT) was downgraded to Neutral from Outperform with a $37 price target (versus a $37.03 close) at Macquarie.

Almost Family Inc. (NASDAQ: AFAM) was started as Neutral with a $49 price objective at Merrill Lynch. This was versus a closing price of $46.75, and shares were indicated down closer to $46.50 early on Tuesday.

On Almost Family, Merrill Lynch noted that the home health industry volumes are aided by the shift to new payment models. They further see potential upside from the CYH joint venture, and noted that tailwinds are offset by potential Medicare reimbursement headwinds and labor cost pressures.

Amicus Therapeutics Inc. (NASDAQ: FOLD) was raised to Outperform from Neutral and the price target was raised to $10 from $7 at Robert W. Baird.

Cenovus Energy Inc. (NYSE: CVE) was downgraded to Underperform from Neutral at Macquarie.

DineEquity Inc. (NYSE: DIN) was downgraded to Neutral from Buy at Instinet.

KB Home (NYSE: KBH) was downgraded to Underperform from Market Perform at Raymond James.

MicroStrategy Inc. (NASDAQ: MSTR) was downgraded to Neutral from Buy at Citigroup.

Tableau Software Inc. (NYSE: DATA) was raised to Buy from Neutral at Citigroup.

Monday’s top analyst upgrades and downgrades included Ally Financial, IBM, MetLife, Qualcomm, Verizon, Williams Companies, Incyte and over a dozen more.

One issue which was seen on Tuesday was the Merrill Lynch Equity Client Flow Trends. Despite the markets listing sideways, they saw the biggest US equity inflows in a year. Three issues they noted verbatim were as follows:

  • BofAML clients bought US stocks for the 11th consecutive week. Inflows last week were the largest in a year.
  • Private clients’ inflows last week were the second-largest in our data history, as they bought both single stocks and ETFs.
  • Mid cap stocks saw record inflows last week, with net buying by all three client groups.

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