Investing

Top Analyst Upgrades and Downgrades: Ambarella, BlackBerry, Schlumberger, Valero, Whiting Petroleum, Zynga and Many More

Aetna Inc. (NYSE: AET) was reiterated as Buy and the price target was raised to $165 from $145 (versus a $145.57 prior closing price) at Argus. The report noted that Aetna’s efforts to exit the ACA public exchanges, withdrawing from that market by 2018, are further improving profit margins.

AutoZone Inc. (NYSE: AZO) was downgraded to Neutral from Outperform at Wedbush Securities, but it was raised to Buy from Neutral at Goldman Sachs on valuation. AutoZone’s stock price was at roughly $662 prior to earnings last week but closed out the week at $615.62 on Friday, in a 52-week range of $573.80 to $819.54.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) was downgraded to Underperform from Neutral and the price target was cut to $115 from $150 (versus a $141.00 close) at Wedbush. The firm is calling the activist proxy fight and the current management strategy a lose-lose situation for Buffalo Wild Wings shareholders.

China Rapid Finance Ltd. (NYSE: XRF) was started with a Buy rating and assigned a $10 price target (versus a $7.07 close) at Jefferies. The firm called China Rapid Finance one of the leading online marketplaces in China that will win from the large and untapped unsecured consumer finance marketplace.

Eaton Corp. PLC (NYSE: ETN) was reiterated as Buy and the price target was raised to $85 from $83 (versus a $77.56 close) at Argus. The firm sees Eaton shares trading below it peer-average multiples, with a clean balance sheet and with a 3.1% dividend yield.

Jack in the Box Inc. (NASDAQ: JACK) was reiterated with a Buy rating and a $120 price objective at Merrill Lynch.

Newfield Exploration Co. (NYSE: NFX) was raised to Buy from Neutral at Goldman Sachs, but the price target was lowered to $45 from $52 (versus a $33.08 close). Newfield has a 52-week range of $32.39 to $50.00 and a consensus target price of $49.87.

O’Reilly Automotive Inc. (NASDAQ: ORLY) was downgraded to Neutral from Outperform at Wedbush.

pSivida Corp. (NASDAQ: PSDV) was started with a Buy rating and assigned an $8 price target (versus a $2.22 close) at Rodman & Renshaw. The 52-week range is $1.50 to $4.25, and it only has an $87 million market cap.

PVH Corp. (NYSE: PVH), Phillips-Van Heusen, was raised to Outperform from Neutral and the price target was raised to $136 from $114 (versus a $105.29 close) at Credit Suisse. The report called PVH a compelling international opportunity with sustained global demand for both Calvin Klein and Tommy Hilfiger brands.

Sanderson Farms Inc. (NASDAQ: SAFM) was reiterated with an Underperform rating and with an $85 target price (versus a $120.03 close) at Jefferies. This is despite raising estimates but due to competing meat prices pressuring chicken demand.

UroGen Pharma Ltd. (NASDAQ: URGN) was started with an Outperform rating and assigned a $32 price target (versus an $18.48 close) at Oppenheimer.

Zoetis Inc. (NYSE: ZTS) was reiterated as Buy and the price target was raised to $69 from $60 (versus a $62.61 close) at Argus. The report noted that Zoetis is the only publicly traded pure-play animal health and vaccine company now and is the market leader in revenue.

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