Investing

Top Analyst Upgrades and Downgrades: Apple, Caterpillar, Pfizer, Royal Caribbean, Shopify, Under Armour, Walmart and More

Advance Auto Parts Inc. (NYSE: AAP) was maintained as Buy at Argus, but the firm slashed its target price down to $150 from $185. Argus noted that Advance Auto Parts still has further share price gains ahead from big gains in customer service, improving positive comparable store growth, and margin expansion.

Big 5 Sporting Goods Corp. (NASDAQ: BGFV) was downgraded to Hold from Buy at Deutsche Bank.

Biogen Inc. (NASDAQ: BIIB) was reiterated as Buy with a $350 price target (versus a $291.15 close) at Argus.

Burlington Stores Inc. (NYSE: BURL) was downgraded to Neutral from Outperform at Credit Suisse.

Eaton Corp. (NYSE: ETN) was reiterated as Buy with an $85 blended valuation target (versus a $74.26 close) at Argus, with the firm noting that the recent weakness of a 5% drop in Eaton shares offers buying opportunity. Credit Suisse maintained its Outperform rating but lowered estimates and lowered its target price to $85 from $86.

Illumina Inc. (NASDAQ: ILMN) was down almost 1% ahead of earnings but was last seen up 10.5% at $190.35 after earnings. It was raised to Equal Weight from Underweight at First Analysis. Illumina was also maintained as Sell but the price target was raised to $130 from $125 at Janney, and Leerink reiterated its Outperform rating and raised its target to $207 from $201

Jabil Inc. (NYSE: JBL) was started with an Overweight rating and assigned a $40 price target (versus a $30.42 close) at JPMorgan.

Kohl’s Corp. (NYSE: KSS) was started with a Buy rating and assigned a $48 price target (versus a $41.56 close) at Jefferies.

National CineMedia Inc. (NASDAQ: NCMI) was started with a Neutral rating and assigned a $6.50 price target (versus a $7.26 close) at Wedbush.

Pioneer Natural Resources Co. (NYSE: PXD) was downgraded to Market Perform from Outperform at Wells Fargo.

Regulus Therapeutics Inc. (NASDAQ: RGLS) was downgraded to Neutral from Buy at Chardan Capital after earnings, but this was down almost 3% at $1.02 on Tuesday.

Ultimate Software Group Inc. (NASDAQ: ULTI) was downgraded to Hold from Buy at Deutsche Bank. It was also reiterated as Outperform with a $220 target price at Wedbush, but that is under the $226.99 closing price. Credit Suisse reiterated its Outperform rating but lowered its price target to $245 from $260.

Tuesday’s top analyst calls were in American Airlines, Boeing, Cabot Oil & Gas, Pandora, Southern Co., Vertex and many more companies.