Top Analyst Upgrades and Downgrades: AMD, Altice, Century Aluminum, Cerner, Chipotle, Cigna, GE, Micron, Noble Energy and More
CF Industries Holdings Inc. (NYSE: CF) was downgraded to Neutral from Buy with a $45 price target (versus a $41.88 close) at Citigroup.
Coupa Software Inc. (NASDAQ: COUP) was downgraded to Market Perform from Outperform at JMP Securities.
General Electric Co. (NYSE: GE) was reiterated as Underweight at JPMorgan, and the price target was slashed to $11 from an already sub-current $14 target. The firm has increased concerns about GE’s outlook for free cash flow and earnings. GE shares closed up 1.1% at $15.10 on Monday, and the stock was indicated down 2.6% at $14.72 on Tuesday. Its 52-week range is $13.95 to $30.54.
Installed Building Products Inc. (NYSE: IBP) was started as Buy with a $77 price target (versus a $61.81 close) at Instinet.
Kosmos Energy Ltd. (NYSE: KOS) was raised to Buy from Hold with a $7 price target (versus a $5.88 close) at Jefferies. The 52-week range is $5.15 to $8.62, and the market cap is $2.3 billion.
MDC Holdings Inc. (NYSE: MDC) was raised to Buy from Sell with a $32 price target (versus a $28.29 close) at UBS.
Micron Technology Inc. (NASDAQ: MU) was reiterated as Buy and the price target was raised to $66 from $55 at Mizuho. Micron shares surged over 8% up to $59.36 on Monday after Instinet raised its target much higher.
Noble Energy Corp. (NYSE: NBL) was raised to Buy from Hold with a $39 price target (versus a $30.88 close) at Argus. The independent research firm was cited for creating value for shareholders by developing its core acreage position in the DJ basin, having a successful exploration program, and that Noble should benefit from the recent acquisition of Clayton Williams Energy.
PVH Corp. (NYSE: PVH) was started as Outperform and assigned a $175 price target (versus a $143.32 close) at Credit Suisse.
Randgold Resources Ltd. (NASDAQ: GOLD) was raised to Buy from Hold at Canaccord Genuity.
Sarepta Therapeutics Inc. (NASDAQ: SRPT) was reiterated as Outperform and the price target was raised to $100 from $81 at Credit Suisse.
Total S.A. (NYSE: TOT) was raised to Overweight from Equal Weight at Barclays. Its American depositary shares closed at $57.47 in New York trading on Monday, and it has a 52-week range of $48.15 to $59.57.
Vocera Communications Inc. (NYSE: VCRA) was downgraded to Market Perform from Outperform with a $29 price target (versus a $27.27 close) at Leerink.
Credit Suisse downgraded its weight on Japanese equities to a benchmark weighting due to Japan being the most cyclical of the global markets, higher China exposure, tapering from the Bank of Japan, ongoing yen strength and a domestic slowdown.
Monday’s top analyst upgrades and downgrades included Apollo Global, ADM, Cigna, HubSpot, Intuit, Newmont Mining, Nike, SAP, Time Warner and many more.