Investing

Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66, Valero and Many More

Energy Transfer Equity L.P. (NYSE: ETE) was raised to Buy from Neutral with a $20 price objective (versus a $16.69 close) at Merrill Lynch.

Eni S.p.A. (NYSE: E) was raised to Equal Weight from Underweight at Barclays.

Gramercy Property Trust (NYSE: GPT) was downgraded to Neutral from Buy at Ladenburg Thalmann.

Juniper Networks Inc. (NYSE: JNPR) was reiterated as Underperform with a $21 price target (versus a $26.86 close) at Credit Suisse. It has a 52-week range of $23.61 to $30.44 and a consensus price target of $26.50.

Just Energy Group Inc. (NYSE: JE) was downgraded to Hold from Buy at Canaccord Genuity. The 52-week range is $3.86 to $5.91, and shares were indicated down almost 1% at $3.95.

ManTech International Corp. (NASDAQ: MANT) was raised to Outperform from Market Perform with a $58 price target (versus a $52.56 close) at Wells Fargo.

National Oilwell Varco Inc. (NYSE: NOV) was reaffirmed as Buy with a $51 price target (versus a $42.17 close) at Argus.

NiSource Inc. (NYSE: NI) was raised to Overweight from Neutral with a $26 price target (versus a $24.40 close) at JPMorgan.

Pentair PLC (NYSE: PNR) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

Phillips 66 (NYSE: PSX) was reiterated as Buy and the price target was raised to $133 from $108 (versus a $118.16 close) at Argus. The independent research firm said that the recent earnings improvement was based on gains in all segments. Phillips 66 has a 52-week range of $75.85 to $119.16 and a consensus price target of $113.75.

Progressive Corp. (NYSE: PGR) was downgraded to Market Perform from Outperform with a $66 price target (versus a $61.61 close) at Keefe Bruyette Woods.

Valero Energy Corp. (NYSE: VLO) was raised to Overweight from Equal Weight with a $140 price target (versus a $114.99 close) at Morgan Stanley. Valero has a 52-week range of $60.69 to $116.43 and consensus price target of $111.50.

Vici Properties Inc. (NYSE: VICI) was started as Buy at Deutsche Bank.

Wendy’s Co. (NASDAQ: WEN) was reiterated as Buy with a $19 target price (versus a $16.34 close) at Argus.

Wednesday’s top analyst calls included 3M, Advanced Micro Devices, CenturyLink, Chipotle Mexican Grill, F5 Networks, Raymond James, Symantec and many more.