These are this Tuesday’s top analyst upgrades, downgrades and initiations.
AGL Resources Inc. (NYSE: GAS) was raised to Buy from Hold with target of $58 (versus a $50.09 close) at Argus.
AMC Networks Inc. (NASDAQ: AMCX) was started as Overweight with a $90 price target (versus a $76.99 close) at Piper Jaffray.
Apple Inc. (NASDAQ: AAPL) was reiterated as Buy and the price target was raised to $145 from $135 at Argus. The firm noted that Apple’s early smartwatch strength bodes well for its product launch.
Arrowhead Research Corp. (NASDAQ: ARWR) was downgraded to Hold from Buy at Jefferies, but the standout here is that the price target was slashed from $30 to $9 (versus an $8 close).
BP PLC (NYSE: BP) was downgraded to Neutral from Buy at Citigroup. This is just a day after a Bank of America Merrill Lynch made effectively the same downgrade.
Excel Trust Inc. (NYSE: EXL) was downgraded to Market Perform from Outperform at Raymond James.
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Flex Pharma Inc. (NASDAQ: FLKS) was started as Buy with a $40 price target (versus a $19.46) at HC Wainwright. While this is a double-your-money analyst prediction, this is a new company and is a small cap with very limited analyst coverage.
Intra-Cellular Therapies Inc. (NASDAQ: ITCI) was started as Outperform with a price target of $41 (versus a $23.02 close) at RBC Capital Markets.
LendingClub Corp. (NYSE: LC) was raised to Neutral from Underperform at Sterne Agee. The firm said that its short-term story has played out as expected and it went to within 50 cents of the $17.50 price target.
Monster Beverage Corp. (NASDAQ: MNST) was started as Neutral and was assigned a price target of $127 (versus a $137.78 close) at Susquehanna Financial.
Norfolk Southern Corp. (NYSE: NSC) was downgraded to Hold from Buy and the price target was cut to $110 from $120 at TD Securities.
Seagate Technology PLC (NASDAQ: STX) was raised to Neutral from Underperform with a price target of $60 (versus a $55.41 close) at Merrill Lynch.
Skullcandy Inc. (NASDAQ: SKUL) was reiterated Outperform and the price target was raised to $15 from $12 (versus a $10.91 close) at Northland Securities.
SteadyMed Ltd. (NASDAQ: STDY) was started as Market Perform at JPM Securities, but what stood out was the target of $20, versus an $8.65 close. This just came public on March 20, so this is a quiet-period expiration call. Wells Fargo assigned it an Outperform rating, while RBC assigned an Outperform rating and $18 price target.
SuperCom Ltd. (NASDAQ: SPCB) was started as Buy with a $17.75 price target (versus a $9.83 close) at B. Riley.
VeriFone Systems Inc. (NYSE: PAY) was raised to Buy from Neutral with a price target raise to $44 from $38 (versus a $35.28 close) at Goldman Sachs.
Western Digital Corp. (NASDAQ: WDC) was raised to Buy from Neutral with a $117 price target (versus a $95.50 close) at Merrill Lynch.
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In case you missed Monday’s top analyst upgrades and downgrades, they were in shares of Apple, BP, Hewlett-Packard, Philip Morris, UnitedHealth and about 20 more companies.
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