Top Analyst Upgrades and Downgrades: AK Steel, BHP Billiton, Dominion, JB Hunt, KLA-Tencor, Micron, Nucor, Oracle, Roku, US Steel and More
Nutrisystem Inc. (NASDAQ: NTRI) was downgraded to Hold from Buy at Argus. Shares closed down 3% at $30.40 on Monday and were indicated down 1.5% at $29.95 on Tuesday, in a 52-week range of $28.50 to $67.95.
Oracle Corp. (NYSE: ORCL) was down 0.6% at $51.95 ahead of earnings guidance, but it was last seen trading down almost 9% at $47.50 after the report. Oracle was maintained as Outperform with a $55 price target at Wedbush, and while the firm said there is no visible demand uptick there are some reasons for optimism. KeyBanc downgraded Oracle to Sector Weight, Stifel downgraded it to Hold from Buy and Merrill Lynch also threw in the towel by downgrading it to Neutral from Buy.
ONEOK Inc. (NYSE: OKE) was raised to Buy from Hold with a $67 price target (versus a $56.47 close) at Jefferies. The 52-week range is $47.14 to $61.36.
PPG Industries Inc. (NYSE: PPG) was raised to Buy from Hold with a $130 price target (versus a $113.22 close) at Deutsche Bank.
Reliance Steel & Aluminum Co. (NYSE: RS) was started with a Neutral rating and assigned a $103 price target (versus an $88.89 close) at Goldman Sachs.
Roku Inc. (ROKU) was raised to Perform from Underperform at Oppenheimer.
Signet Jewelers Ltd. (NYSE: SIG) was downgraded to Neutral from Buy with a $43 price target (versus a $39.46 close) at Merrill Lynch.
Schnitzer Steel Industries Inc. (NASDAQ: SCHN) was started with a Buy rating and assigned a $42 price target (versus a $34.00 close) at Goldman Sachs.
Seattle Genetics Inc. (NASDAQ: SGEN) was started as Overweight with a $74 price target (versus a $55.73 close) at Barclays.
Steel Dynamics Inc. (NASDAQ: STLD) was started with a Buy rating and assigned a $59 price target (versus a $45.69 close) at Goldman Sachs.
uniQure N.V. (NASDAQ: QURE) was reiterated as Buy and the price target was raised to $30 from $25 (versus a $20.78 close) at Janney, with the firm noting that investors should buy on weakness.
United States Steel Corp. (NYSE: X) was started with a Neutral rating and assigned a $45 price target (versus a $39.06 close) at Goldman Sachs.
Despite some weakness, Jefferies is staying very bullish on five top oilfield services stocks.
Here are the 30 companies getting paid the most by the U.S. government.
Goldman Sachs increased its views on emerging markets on Monday, noting India as the strongest opportunity of the larger emerging markets.
Several large-cap tech stocks are expected benefit greatly from the explosive growth of the cloud.
Monday’s top analyst calls were in AstraZeneca, Dr Pepper Snapple, Fortinet, GrubHub, Jazz Pharmaceuticals, Unilever and many others.