Investing

Top Analyst Upgrades and Downgrades: Adobe, Alcoa, Apple, Cogent, GameStop, Micron, Under Armour and More

Calumet Specialty Products Partners L.P. (NASDAQ: CLMT) was downgraded to Underperform from Neutral with a $3 price target (versus a $3.80 close) at Credit Suisse.

Delek US Holdings Inc. (NYSE: DK) was downgraded to Neutral from Outperform with a $26 price target (versus a $25.25 close) at Credit Suisse.

Fortive Corp. (NYSE: FTV) was raised to Overweight from Neutral with a $66 price target (versus a $58.53 close) at JPMorgan.

Frank’s International N.V. (NYSE: FI) was raised to Hold from Sell and the price target was raised to $11 from $10 (versus a $9.84 close) at Jefferies.

Huntington Bancshares Inc. (NASDAQ: HBAN) was started with a Buy rating and assigned a $16.50 price target (versus a $13.02 close) at D.A. Davidson.

International Game Technology PLC (NYSE: IGT) was downgraded to Hold from Buy at Argus after disappointing guidance.

Knight Transportation Inc. (NYSE: KNX) was downgraded to Underweight from Equal Weight with a $30 price target (versus a $31.85 close) at Barclays.

China Life Insurance Co. Ltd. (NYSE: LFC) was raised to Neutral from Sell at Citigroup.

Planet Fitness Inc. (NYSE: PLNT) was assumed with a Neutral rating and a $22 price target at Wedbush, but that is down from a prior Outperform rating and $23 target. They see favorable secular trends but also moderating growth.

Skechers USA Inc. (NYSE: SKX) was raised to Outperform from Market Perform with a $35 price target (versus a $27.44 close) at Cowen.

Swift Transportation Co. (NYSE: SWFT) was downgraded to Equal Weight from Overweight with a $24 price target (versus a $20.14 close) at Barclays.

Tesoro Corp. (NYSE: TSO) was downgraded to Neutral from Outperform with a $93 price target (versus an $81.79 close) at Credit Suisse.

Virtusa Corp. (NASDAQ: VRTU) was raised to Outperform from Market Perform with a $38 price target (versus a $29.50 close) at Cowen.

Western Refining Inc. (NYSE: WNR) was downgraded to Neutral from Outperform with a $40 price target (versus a $35.30 close) at Credit Suisse.

Zosano Pharma Corp. (NASDAQ: ZSAN) was started with an Overweight rating and assigned a $4 price target at Piper Jaffray. This represents more than 100% upside from the $1.77 closing price, but the shares were indicated up 7% at $1.90 on Friday morning. Zosano has a 52-week range of $0.45 to $3.54.

Thursday’s top analyst calls included Dollar Tree, FireEye, Ferrari, Kroger, Proofpoint, Verifone and many more. Wednesday’s top upgrades and downgrades were in Frontier Communications, IBM, LendingClub, Micron, Nike, Sirius XM, Urban Outfitters and many more.