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Top Analyst Upgrades and Downgrades: Fitbit, Apple, ARM, Groupon, Palo Alto, Pepsi, Windstream and More

Stocks were indicated higher on Monday on further hopes for the Greece situation to be approved. Investors just keep proving that they will buy stocks on each and every sell-off, even if the reason to buy is different each time. 24/7 Wall St. reviews dozens of analyst and brokerage reports each morning in order to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, and some cover stocks to sell or to avoid.

These are this Monday’s top analyst upgrades, downgrades and initiations.

Fitbit Inc. (NYSE: FIT) has seen its quiet period end and shares closed at $42.10 on Friday. The digital health monitor maker was started as Buy with a $50 price target at SunTrust Robinson Humphrey. Morgan Stanley started Fitbit as Equal Weight with a $42 price target, and William Blair assigned a Market Perform rating. Stifel started it as Buy with a $57 price target. Piper Jaffray started Fitbit as Overweight with a $52 price target.

Apple Inc. (NASDAQ: AAPL) was raised to Buy from Neutral and was given a $140 price target (versus $123.28 close) at Soc-Gen. Recent share weakness and the new iPhone this fall were cited for the strength.

ARM Holdings PLC (NASDAQ: ARMH) was downgraded to Underweight from Neutral at JPMorgan.

Groupon Inc. (NASDAQ: GRPN) was raised to Outperform from Neutral at Macquarie.

Palo Alto Networks Inc. (NYSE: PANW) was started as Overweight with a $216 price target (versus $180.80 close) at JPMorgan.

PepsiCo Inc. (NYSE: PEP) was downgraded to Neutral from Positive at Susquehanna.

Windstream Holdings Inc. (NASDAQ: WIN) was downgraded to Sell from Neutral with a $5 price target (versus a $5.68 close) at UBS.

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Other key analyst upgrades and downgrades from Monday were as follows:

Allstate Corp. (NYSE: ALL) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.

AutoNation Inc. (NYSE: AN) was raised to Overweight from Underweight at Morgan Stanley.

Brocade Communications Systems Inc. (NASDAQ: BRCD) was downgraded to Sector Perform from Outperform with a $12 price target (versus an $11.32 close) at RBC Capital Markets.

Celadon Group Inc. (NYSE: CGI) was raised to Strong Buy from Market Perform at Raymond James.

Centene Corp. (NYSE: CNC) was raised to Outperform from Market Perform with a $90 price target (versus a $72.91 close) at FBR Capital Markets.

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Corning Inc. (NYSE: GLW) was downgraded to Underperform from Neutral with a $16 price objective (versus a $19.28 close) at Bank of America Merrill Lynch.

Hologic Inc. (NASDAQ: HOLX) was downgraded to Hold from Buy at Evercore ISI.

Ingersoll-Rand PLC (NYSE: IR) was raised to Buy from Hold at Stifel.

Murphy Oil Corp. (NYSE: MUR) was downgraded to Underweight from Equal Weight at Morgan Stanley, and the price target was cut to $48 from $50 (versus a $40.06 close).

Phillips 66 Partners L.P. (NYSE: PSXP) was started as Outperform at Wells Fargo.

SL Green Realty Corp. (NYSE: SLG) was downgraded to Sell from Neutral with a $105 price target (versus a $114.93 close) at Goldman Sachs.

STMicroelectronics N.V. (NYSE: STM) was downgraded to Underweight from Neutral at JPMorgan.

Vornado Realty Trust (NYSE: VNO) was downgraded to Neutral from Buy Goldman Sachs.

VOXX International Corp. (NASDAQ: VOXX) was raised to Buy from Neutral with an $11 price target (versus a $8.01 close) at B. Riley.

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In case you missed out on Friday’s top analyst upgrades and downgrades, they were in shares of AT&T, Costco, Gap, Intercontinental Exchange, Rackspace, Sprint, Verizon Communications and Weatherford International and over a dozen more.

 

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