Top Analyst Upgrades and Downgrades: Adobe, AMD, Angie's List, Enbridge, Noble Energy and More

C&J Energy Services Inc. (NYSE: CJ) was reinstated with an Outperform rating and assigned a target price of $37 (versus a $29.13 close) at Credit Suisse.

Cogent Communications Holdings Inc. (NASDAQ: CCOI) was downgraded to Market Perform from Outperform with a $46 price target (versus a $44.95 close) at Cowen.

Credit Acceptance Corp. (NASDAQ: CACC) was raised to Neutral from Sell at Janney. The firm noted that the company beat earnings expectations but said the fundamentals look mixed even if there is no smoking gun that would indicate an imminent fall in its near-term fundamentals.

Elevate Credit Inc. (NYSE: ELVT) was down 3% at $8.00 on Monday as the quiet period got off to a slow start, and more calls have now been seen on Tuesday. Credit Suisse started Elevate with an Outperform rating and $11 price target, seeing Elevate as being well positioned in small dollar lending. Jefferies started it with a Buy rating and gave it a $12 target.

Global Blood Therapeutics Inc. (NASDAQ: GBT) was started as Buy with a $37 price target (versus a $30.75 close) at Janney.

Madison Square Garden Co. (NYSE: MSG) was started with a Buy rating and assigned a $243 price objective (versus a $202.33 close) at Merrill Lynch.

Meredith Corp. (NYSE: MDP) was raised to Buy from Neutral at Citigroup.

Okta Inc. (NASDAQ: OKTA) has seen its quiet period come to an end, and shares closed down 2% at $25.52 ahead of the mixed analyst initiations. Okta was started as Hold with a $25 price target at Canaccord Genuity. Okta was started as Neutral with a $22 price target at Goldman Sachs. Okta was started as Overweight with a $32 target at Pacific Crest, and JPMorgan assigned Okta an Overweight rating and $33 target.

Radius Health Inc. (NASDAQ: RDUS) was downgraded to Market Perform from outperform at Cowen.

Rudolph Technologies Inc. (NYSE: RTEC) was downgraded to Underperform from Neutral at Credit Suisse. The firm said that it actually likes the company, but not its current valuations.

Seaspan Corp. (NYSE: SSW) was raised to Neutral from Sell at Citigroup.

Other key analyst calls with reiterations or price target changes worth noting:

  • Enbridge Energy Partners L.P. (NYSE: EEP) was reiterated as Underperform with an $18 price objective (versus a $19.35 close) at Merrill Lynch.
  • Oppenheimer raised its targets on Citigroup Inc. (NYSE: C) to $78 from $77, and it raised the target price on Goldman Sachs Group Inc. (NYSE: GS) to $268 from $262.
  • Wedbush reiterated its Outperform and $30 target (versus a $24.02 close) on Wolverine World Wide Inc. (NYSE: WWW) as its operating  model improves.

Monday’s top analyst calls included Energy Transfer Equity, First Solar, L3 Technologies, Regions Financial, Western Digital and over a dozen more.

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