Top Analyst Upgrades and Downgrades: ADS, American Tower, Anadarko, CVS, Dow, Infosys, Nokia, Phillips 66, Wells Fargo and More

Print Email

Franklin Resources Inc. (NYSE: BEN) was raised to Neutral from Sell at Citigroup. Shares closed at $35.46, in a 52-week range of $27.34 to $35.65 and with a consensus target price of $30.33.

Huntsman Corp. (NYSE: HUN) was raised to Buy from Neutral with a $30 price target at Nomura/Instinet. Shares closed at $24.75, in a 52-week range of $17.58 to $33.55 and with a consensus target price of $28.38.

Infosys Ltd. (NYSE: INFY) was downgraded to Neutral from Buy at Citigroup, and Credit Suisse also downgraded it, to Underperform from Neutral. Morgan Stanley downgraded Infosys to Equal Weight from Overweight. Shares closed at $10.55, in a 52-week range of $8.40 to $11.38 and with a consensus target price of $10.91.

Levi Strauss & Co. (NYSE: LEVI) was started as Buy with a $27 target price at Citigroup, and it also was started with a Buy rating and assigned a $26 target at Guggenheim. Morgan Stanley initiated coverage on the stock at Equal Weight. Shares closed at $22.45, in a post-IPO range of $21.24 to $24.19.

Nokia Corp. (NYSE: NOK) was downgraded to Sell from Neutral at Goldman Sachs. Shares closed at $5.94, in a 52-week range of $5.07 to $6.65 and with a consensus target price of $7.18.

Olin Corp. (NYSE: OLN) was raised to Neutral from Reduce at Nomura/Instinet.

Phillips 66 (NYSE: PSX) was downgraded to Hold from Buy but the price target was raised to $107 from $105 at Jefferies. Shares closed at $97.17, in a 52-week range of $78.44 to $123.97 and with a consensus target price of $120.00.

Pioneer Natural Resources Co. (NYSE: PXD) was raised to Outperform from Neutral at Macquarie. Shares closed at $168.32, in a 52-week range of $119.08 to $213.40 and with a consensus target price of $196.32.

WellCare Health Plans Inc. (NYSE: WCG) was started with a Neutral rating at Credit Suisse.

Wells Fargo & Co. (NYSE: WFC) was downgraded to Neutral from Buy at Merrill Lynch, and Buckingham Research downgraded shares to Neutral from Buy. Goldman Sachs also downgraded Wells Fargo to Neutral from Buy after last week’s earnings. Shares closed at $46.49, in a 52-week range of $43.02 to $59.53 and with a consensus target price of $56.44.

Western Digital Corp. (NASDAQ: WDC) was raised to Buy from Neutral at Longbow Research. Shares closed at $51.83, in a 52-week range of $33.83 to $92.06 and with a consensus target price of $57.55.

The bar looks to be set incredibly low for companies to beat this earnings season.

Five energy stocks under $10 may have huge upside.

Here is a speculative list of six oil and gas players that could be the next takeover targets after Anadarko.

Friday’s top analyst calls included Apple, Autodesk, Chesapeake Energy, CRISPR, Microsoft, Proofpoint, Redfin, Walt Disney and many more.

I'm interested in the Newsletter