Top Analyst Upgrades and Downgrades: ADT, CBOE, Celgene, JPMorgan, 3M, NetApp, Total, Tyson Foods, Weatherford and More

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Monday’s markets closed sharply higher after a recovery rally was seen on Friday, but Tuesday’s opening bell was indicated to be weak for stocks. The bull market is just a month shy of being nine years old, and the one trend that has served investors huge rewards for over five years now has been to buy the pullbacks. Investors also are reconsidering how to position their portfolios for 2018, as higher wages, interest rates and even inflation concerns are being countered by tax reform, accelerated corporate earnings and stronger GDP growth.

24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new ideas for investors and traders alike. Some analyst reports and research reports cover stocks to buy. Others cover stocks to sell or to avoid.

Additional color and commentary has been added on most of the daily analyst reports. The consensus analyst price targets and other valuation metrics are from the Thomson Reuters sell-side research service.

These were the top analyst upgrades, downgrades and other research calls from Tuesday, February 13, 2018.

ADT Inc. (NYSE: ADT) was started as Outperform with a $16 price target (versus a $12.68 prior close) at RBC Capital Markets. Credit Suisse started ADP as Outperform with a $14 price target. The stock was indicated up 2.9% at $13.05 a share on Tuesday.

Beacon Roofing Supply Co. (NASDAQ: BECN) was raised to Outperform from Neutral with a $70 price target (versus a $55.07 close) at Wedbush Securities.

Beazer Homes USA (NYSE: BZH) was raised to Outperform from Neutral with a $22 price target (versus a $15.25 close) at Wedbush.

Canadian Pacific Railway Ltd. (NYSE: CP) was raised to Buy from Neutral with a $213 price target (versus a $176.72 close) at Goldman Sachs.

CBOE Global Markets Inc. (NASDAQ: CBOE) was raised to Buy from Hold with a $127 price target (versus a $110.68 close) at Deutsche Bank.

Celgene Corp. (NASDAQ: CELG) was raised to Overweight from Equal Weight with a $105 price target (versus a $91.51 close) at Barclays. Shares were up 0.7% at $92.19 on Tuesday morning, in a 52-week range of $88.32 to $147.17. The consensus analyst target price is $125.31.

Essex Property Trust (NYSE: ESS) was raised to Buy from Neutral with a $284 price objective (versus a $227.85 close) at Merrill Lynch.

Instructure Inc. (NYSE: INST) was reiterated as Outperform and the price target was raised to $43 from $41 at Oppenheimer.

JPMorgan Chase & Co. (NYSE: JPM) was raised to Outperform from Market Perform with a $127 price target (versus a $111.74 close) at Keefe Bruyette & Woods. JPMorgan shares have a 52-week trading range of $81.64 to $117.35 and a consensus target price of $118.96.

LGI Homes Inc. (NASDAQ: LGIH) was raised to Outperform from Neutral with a $73 price target (versus a $59.51 close) at Wedbush. The firm’s view is that the recent sell-off appears to be overdone.

3M Co. (NYSE: MMM) was raised to Buy from Hold with a $275 price target (versus a $229.19 close) at Deutsche Bank. 3M has a 52-week range of $180.15 to $259.77 and a consensus target price of $245.77.

Marathon Petroleum Corp. (NYSE: MPC) was raised to Buy from Neutral with a $79 price target (versus a $64.77 close) at Goldman Sachs.

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