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Top Analyst Upgrades and Downgrades: Aerojet Rocketdyne, Apple, ADP, Honeywell, 3M, NeoGenomics, Paychex, Symantec, Tesla and More

Illinois Tool Works (NYSE: ITW) was started with a Neutral rating and assigned a $146 price target (versus a $138.28 close) at Morgan Stanley.

Ingersol-Rand PLC (NYSE: IR) was started with an Overweight rating and assigned a $111 price target (versus a $99.83 close) at Morgan Stanley.

Lennox International Inc. (NYSE: LII) was started with an Underweight rating and assigned a $201 price target (versus a $225.32 close) at Morgan Stanley.

3M Co. (NYSE: MMM) was started with a Neutral rating and assigned a $212 price target (versus a $204.60 close) at Morgan Stanley.

Madison Square Garden Co. (NYSE: MSG) was started as Outperform with a $372 price target (versus a $297.23 close) at Imperial Capital.

NeoGenomics Inc. (NASDAQ: NEO) was started with an Outperform rating and assigned an $18 price target (versus a $12.84 close) at Leerink. Its 52-week trading range is $7.08 to $15.00, and the consensus target price was $16 ahead of this call.

Paychex Inc. (NASDAQ: PAYX) was started with a Neutral rating and assigned a $75 price target (versus a $72.34 close) at Guggenheim.

SodaStream International Ltd. (NASDAQ: SODA) is being acquired by PepsiCo, and B. Riley downgraded it to Neutral from Buy based on the takeout.

Symantec Corp. (NASDAQ: SYMC) was raised to Positive from Neutral and the price target was raised to $23 from $21 at Susquehanna. As a reminder, Symantec recently became a target of activist investors and they may actually be able to drive some change here.

Tesla Inc. (NASDAQ: TSLA) was discontinued in coverage at Morgan Stanley, and Oppenheimer’s Colin Rusch said on CNBC that Tesla is now likely to be range-bound while the market digests all the “go-private” controversy and the numbers driving Tesla sales.

Vital Therapies Inc. (NASDAQ: VTL) was started as Overweight and assigned an $18 price target (versus a $9.00 close) at Cantor Fitzgerald. The stock was indicated up over 7% at $9.70 on Tuesday, in a 52-week range of $2.75 to $9.75.

Monday’s top analyst calls were in Applied Materials, Baker Hughes, Bloom Energy, Constellation Brands, Deere, J.C. Penney, Kroger, Nike, Tesla and many more.