Top Analyst Upgrades and Downgrades: Amex, ADP, Goodyear, McDonald’s, National Oilwell Varco, NVIDIA, Vivint Solar and Many More

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Avery Dennison Corp. (NYSE: AVY) was raised to Buy from Neutral with a $96 price target (versus an $86.67 close) at Merrill Lynch.

Boyd Gaming Corp. (NYSE: BYD) Was downgraded to Equal Weight from Overweight with a $26 price target at Morgan Stanley.

Cheesecake Factory Inc. (NASDAQ: CAKE) was downgraded to Hold from Buy at Argus.

Clovis Oncology Inc. (NASDAQ: CLVS) was raised to Buy with a $107 fair value estimate at Janney. Credit Suisse also chimed in with an Outperform rating, and the firm raised its target to $107 from $88 after noting that a major de-risking is behind it.

Cornerstone OnDemand Inc. (NASDAQ: CSOD) was downgraded to Underweight from Equal Weight with a $32 price target (versus a $36.94 close) at Barclays.

CVR Refining L.P. (NYSE: CVRR) was downgraded to Neutral from Outperform at Credit Suisse.

EOG Resources Inc. (NYSE: EOG) was reiterated as Buy with a $119 target price at Argus.

INC Research Holdings Inc. (NASDAQ: INCR) was downgraded to Market Perform from Outperform at William Blair.

Marvell Technology Group Ltd. (NASDAQ: MRVL) was raised to Overweight from Sector Weight at Pacific Crest. Marvell closed up 0.7% at $17.45 on Monday and was indicated up 3% at $17.99 on Tuesday. Marvell has a consensus target price of $19.50 and a 52-week range of $9.05 to $17.93.

New Residential Investment Corp. (NYSE: NRZ) was downgraded to Neutral from Outperform with a $16.50 price target at Wedbush Securities.

ON Semiconductor Corp. (NASDAQ: ON) was downgraded to Sector Weight from Overweight at Pacific Crest.

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

Oracle Corp. (NYSE: ORCL) was reiterated as Buy with a $52 target price (versus a $45.73 close) at Jefferies.

Paychex Inc. (NASDAQ: PAYX) was downgraded to Neutral from Buy with a $64 price target (versus a $61.13 close) at Goldman Sachs. Paychex was indicated down 1.1% at $60.44 on Tuesday.

PBF Energy Inc. (NYSE: PBF) was downgraded to Underperform from Neutral with an $18 price target at Credit Suisse.

Koninklijke Philips N.V. (NYSE: PHG) was downgraded to Hold from Buy at Deutsche Bank. The stock closed up 6.6% at $38.11 on Monday and was indicated down 0.8% at $37.80 on Tuesday. The American depositary shares have a 52-week range of $23.00 to $38.21.

PHH Corp. (NYSE: PHH) was downgraded to Neutral from Outperform with a $14.50 price target at Wedbush.

Roper Technologies Inc. (NYSE: ROP) was reiterated as Buy and the price target was raised to $260 at Argus.

Simon Property Group Inc. (NYSE: SPG) was raised to Buy from Neutral at Goldman Sachs.

Monday’s top analyst calls included Amazon.com, Biogen, Costco Wholesale, Kroger, Travelers, Wayfair and many more.

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