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Top Analyst Upgrades and Downgrades: Agilent, Carvana, Cloudera, NCS Multistage, Noble Energy, Shopify, Xilinx and More
May 23, 2017 9:10 am
Last Updated: January 12, 2020 11:45 am
Atwood Oceanics Inc. (NYSE: ATW) was raised to Neutral from Sell at Goldman Sachs.
Aegion Corp. (NASDAQ: AEGN) was raised to Buy from Hold at Craig-Hallum.
Bank of Montreal (NYSE: BMO) was raised to Equal Weight from Underweight at Barclays.
Bank of Nova Scotia (NYSE: BNS) was raised to Overweight from Equal Weight at Barclays.
Dentsply Sirona Inc. (NASDAQ: XRAY) was downgraded to Sell from Neutral at Goldman Sachs.
Dicerna Pharmaceuticals Inc. (NASDAQ: DRNA) was started as Buy with a $5 price target (versus a $3.28 close) at H.C. Wainwright.
Domino’s Pizza Inc. (NYSE: DPZ) was started as Market Perform with a $210 price target (versus a $198.82 close) at Wells Fargo.
Evercore Partners Inc. (NYSE: EVR) was downgraded to Neutral from Buy at Goldman Sachs.
FNB Corp. (NYSE: FNB) was raised to Overweight from Neutral at JPMorgan.
Helmerich & Payne Inc. (NYSE: HP) was downgraded to Sell from Neutral at Goldman Sachs.
Hub Group, Inc. (NASDAQ: HUBG) was started as Neutral with a $37 price target (versus a $34.45 close) at JPMorgan.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) was started as Overweight with a $107 target price (versus an $84.25 close) at JPMorgan.
On Deck Capital Inc. (NYSE: ONDK) was raised to Outperform from Market Perform at FBR Capital Markets.
Orthofix International N.V. (NASDAQ: OFIX) was started as Buy and assigned a $49 price target (versus a $41.73 close) at SunTrust Robinson Humphrey.
Parexel International Corp. (NASDAQ: PRXL) was raised to Neutral from Sell at Goldman Sachs.
Reliance Steel & Aluminum Co. (NYSE: RS) was raised to Buy from Neutral at Merrill Lynch.
Sonic Corp. (NASDAQ: SONC) was started with a Market Perform rating and assigned a $30 price target (versus a $28.01 close) at Wells Fargo.
Spark Energy Inc. (NASDAQ: SPKE) was reiterated as Buy with a $44 price target (versus a $41.00 close, after a 7.2% gain) at Janney Capital Markets.
Tiffany & Co. (NYSE: TIF) was reiterated as Buy with a $110 price target (versus a $92.92 close) at Jefferies, with the firm noting that the key tenets of its upside thesis are starting to play out, with fashion jewelry inflecting positively and tourism headwinds abating.
Toronto-Dominion Bank (NYSE: TD) was raised to Equal Weight from Underweight at Barclays.
Union Bankshares Corp. (NASDAQ: UBSH) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
Merrill Lynch’s strategy team has noted this week that a continued drop in the U.S. 10-year Treasury yield, as well as developing head-and-shoulders top across financial stocks, and higher percentage of S&P 500 stocks hitting new 52-week lows, are all posing risks to the U.S. equity market.
Monday’s top analyst upgrades and downgrades included Blackstone, Ciena, Cree, Finish Line, Motorola Solutions, Qualcomm and over a dozen more.
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