Top Analyst Upgrades and Downgrades: Foot Locker, CBOE, InterMune, US Steel and More

These are this Monday’s top analyst upgrades and downgrades from 24/7 Wall St.

Ann Inc. (NYSE: ANN) was maintained as Buy but the price target was cut to $45 from $48 (versus a $37.52 close) at Bank of America Merrill Lynch.

CBOE Holdings Inc. (NASDAQ: CBOE) was raised to Outperform from Market Perform and the price target was set at $60 (versus a $51.06 close) at Raymond James.

Foot Locker Inc. (NYSE: FL) was downgraded to Neutral from Overweight but the price target was raised to $57 from $54 (versus a $54.12 close) at Piper Jaffray. It was maintained as Buy and the price target was raised to $65 from $60 at Sterne Agee, and Canaccord Genuity raised estimates, raised its price target to $59 from $56, and reiterated at Buy.

InterMune Inc. (NASDAQ: ITMN) is being acquired at $74 per share in cash by Roche after closing at $53.80 on Friday, in a deal that had been leaked ahead of time. The biotech outfit was downgraded to Hold from Buy at Stifel.

McDonald’s Corp. (NYSE: MCD) has named a new U.S. CEO to drive the company. The fast-food chain was reiterated as Buy with a $110 price target at Merrill Lynch.

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PennyMac Mortgage Investment Trust (NYSE: PMT) was reiterated as Buy and the price target was raised to $24 from $22.50 (versus a $21.82 close) at Merrill Lynch.

Salesforce.com Inc. (NYSE: CRM) was reiterated as Buy with a target price of $71 at Argus.

Spark Energy Inc. (NASDAQ: SPKE) saw its quiet period come to an end. The company was started as Buy at Stifel Nicolaus, as Buy at Wunderlich and as Outperform at Baird.

Steel Dynamics Inc. (NASDAQ: STLD) was downgraded to Neutral from Outperform with a $23 price target (versus a $23.30 close) at Credit Suisse.

Thoratec Corp. (NASDAQ: THOR) was downgraded to Neutral from Overweight and the price target was cut to $27 from $40 (versus a $24.36 close) at Piper Jaffray.

TripAdvisor Inc. (NASDAQ: TRIP) was reiterated Buy and the price target was raised to $100 from $88 at Wunderlich.

U.S. Steel Corp. (NYSE: X) was raised to Outperform from Underperform and the price target was set at $50 at Credit Suisse.

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In case you missed Friday’s top analyst upgrades and downgrades, they were in shares of Aeropostale, AK Steel, Cyberonics, Gap, Lowe’s, PG&E and more.