These are this Monday’s top analyst upgrades, downgrades, and initiations. There are over two dozen calls in all.
Aduro BioTech Inc. (NASDAQ: ADRO) was started as Buy with a $74 price target (versus a $40.00 close) at Roth Capital.
Facebook Inc. (NASDAQ: FB) was reiterated as Outperform with a $100 price target (versus a $80.78 close) at Oppenheimer. The firm expects Facebook to beat earnings expectations this week.
Lululemon Athletica Inc. (NASDAQ: LULU) was downgraded to Underperform from Outperform with a $68 price target (versus a $66.70 close) at CLSA.
MGIC Investment Corp. (NYSE: MTG) was raised to Neutral from Underperform and the price target was raised to $10 from $8.50 (versus a $9.91 close) at Credit Suisse.
Nokia Corp. (NYSE: NOK) was downgraded to Hold from Buy at Jefferies.
Symantec Corp. (NASDAQ: SYMC) was raised Hold from Underperform at Jefferies, and the price target was raised to $21 from $20 in the call.
Synchrony Financial (NYSE: SYF) was raised to Buy from Neutral with a price target of $36 (versus $30.52 close) at BTIG.
Yum! Brands Inc. (NYSE: YUM) was reiterated Outperform and the price target was raised to $90 from $80 at Oppenheimer, with a note that the rewards are still outweighing the risks.
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These are the other important analyst upgrades, downgrades and initiations seen in Wall Street analyst research reports this Monday:
Cerner Corp. (NASDAQ: CERN) was downgraded to Neutral from Buy with a price target of $78 (versus a $71.81 close) at SunTrust.
Church & Dwight Co. Inc. (NYSE: CHD) was downgraded to Neutral from Buy with a $88 price target (versus a $85.06 close) at Goldman Sachs.
Costamare Inc. (NYSE: CMRE) was downgraded to Underperform from Neutral and the price objective was cut to $19 from $23 at Bank of America Merrill Lynch.
Coty Inc. (NYSE: COTY) was reiterated as Buy and the price objective was raised to $28 from $25 at Merrill Lynch.
Franklin Financial Network Inc. (NYSE: FSB) was started as Buy with a $27 price objective at Merrill Lynch.
Granite Construction Inc. (NYSE: GVA) was started as Outperform with a price target of $41 (versus a $35.04 close) at Cowen.
Hershey Co. (NYSE: HSY) was started as Reduce with a price target of $88 (versus a $100.27 close) at Nomura.
Intersil Corp. (NASDAQ: ISIL) was raised to Positive from Neutral and its price target was raised to $18 from $14 (versus a $14.41 close) at Susquehanna.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) was raised to Buy from Neutral and the price objective was raised to $101 from $79 at Merrill Lynch.
Marathon Oil Corp. (NYSE: MRO) was raised to Overweight from Equal Weight and the price target was set at $37 (versus a $30.52 close) at Morgan Stanley.
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Medivation Inc. (NASDAQ: MDVN) was downgraded to Neutral from Outperform, but the price target was raised to $115 from $98 (versus a $127.68 close) at Credit Suisse.
New Residential Investment Corp. (NYSE: NRZ) was started as Buy with a $18.50 price objective at Merrill Lynch. This implies a 20% total return, as it will capitalize on the transfer of mortgage servicing to non-banks.
Platform Specialty Products Corp. (NYSE: PAH) was started as Outperform with a $31 price target (versus a $26.71 close) at Credit Suisse.
Progressive Waste Solutions Ltd. (NYSE: BIN) was downgraded to Sector Perform from Outperform and the price target was cut to $31 from $34 (versus a $29.70 close) at RBC Capital Markets.
Schlumberger Ltd. (NYSE: SLB) was downgraded to Underperform from Buy with a price target of $94 (versus a $92.86 close) at CLSA. Argus maintained its Buy rating, but lowered the price target to $112 from $121.
Smith & Wesson Holdings Corp. (NASDAQ: SWHC) was started as Sector Perform and with a $16 price target (versus a $15.21 close) at RBC Capital Markets.
Tableau Software Inc. (NYSE: DATA) was started as Neutral with a $104 price target (versus a $95.07 close) at Citigroup.
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In case you missed Friday’s top analyst upgrades and downgrades, they included Apple, CyberArk Software, EMC, Goldman Sachs, SanDisk, ULTA Salon, Wayfair and over a dozen more companies.
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