These are this Monday’s top analyst upgrades downgrades and initiations.
Arch Coal Inc. (NYSE: ACI) was downgraded to Market Perform from Outperform at Cowen, with a $0.25 price target, versus a $0.18 previous close. This stock is down so low that the share volume remains active, but its prospects seem more than just discouraging due to coal these days.
Autodesk Inc. (NASDAQ: ADSK) was reiterated as Outperform with an $80 price target at Credit Suisse. What stands out here was that Credit Suisse added Autodesk to the firm’s US Focus and Global Focus Lists. Despite medium-term downside risk to fiscal 2017 and 2018 numbers, the firm sees its business model changes driving post-transition earnings of $8.00 per share in fiscal 2023, versus a $4.00 consensus.
CarMax Inc. (NYSE: KMX) was maintained as Buy but was added to the Conviction Buy List at Goldman Sachs. The firm’s $78.00 price target compares to a $64.51 previous close and a consensus price target of $77.14.
Coach Inc. (NYSE: COH) was downgraded to Neutral from Overweight and the price target was cut to $30 from $47 (versus a $31.20 close) at JPMorgan. Coach shares have a consensus price target closer to $40 and a 52-week range of $30.13 to $43.87.
Exxon Mobil Corp. (NYSE: XOM) was reiterated as Underperform and the price target was cut to $83 from $86 at Credit Suisse. The firm noted that earnings were not so bad but the shale exploration and production winning face a productivity battle.
Walt Disney Co. (NYSE: DIS) was reiterated as Outperform and the price target was raised to $130 from $120 at RBC Capital Markets. Disney’s consensus price target is $122.70 and its 52-week range is $78.54 to $120.72.
Whiting Petroleum Corp. (NYSE: WLL) was raised to Buy from Hold with a $38 price target (versus a $20.49 close) at Canaccord Genuity. Whiting closed down 8.5% at $20.49 on Friday, and it has a consensus price target close to $39 and a 52-week range of $20.17 to $92.92.
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Other key analyst upgrades, downgrades and initiations were seen in the following on Monday:
Abengoa S.A. (NASDAQ: ABGB) was downgraded to Underperform from Neutral at BNP Paribas. This is on the heels of a €650 million capital raise to lower its debt. Shares were indicated down 22% at $8.55 or so in early Monday trading.
Adeptus Health Inc. (NYSE: ADPT) was started as Buy with a price target of $135 (versus a $109.89 close) at Jefferies.
AMC Networks Inc. (NASDAQ: AMCX) was raised to Overweight from Equal Weight at Morgan Stanley.
Assurant Inc. (NYSE: AIZ) was raised to Buy from Underperform and the price objective was raised to $89 from $69 at Bank of America Merrill Lynch.
Broadcom Corp. (NASDAQ: BRCM) had its price target lowered to $54.50 from $59 at Canaccord Genuity, but the firm said that soft guidance was from the tough macro environment and that, despite merger concerns, the Avago acquisition is on track.
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Diana Shipping Inc. (NYSE: DSX) was downgraded to Hold from Buy with an $8 price target (versus a $7.55 close) at Stifel.
Extended Stay America Inc. (NYSE: STAY) was raised to Outperform from Neutral with a $23 price target (versus a $19.00 close) at R.W. Baird.
ImmunoGen Inc. (NASDAQ: IMGN) was downgraded to Hold from Buy but the price target was raised to $21 from $12 (versus an $18.02 close) at Cantor Fitzgerald.
Maxim Integrated Products Inc. (NASDAQ: MXIM) was started as Sector Perform and with a $37 price target (versus a $34.04 close) at RBC Capital Markets.
Royal Dutch Shell PLC (NYSE: RDS-A) was raised to Buy from Neutral at UBS.
Plexus Corp. (NASDAQ: PLXS) was raised to Buy from Neutral and the price target was raised to $44 from $40 (versus a $38.14 close) at Goldman Sachs.
Starz (NASDAQ: STRZA) was downgraded to Equal Weight from Overweight at Morgan Stanley.
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Stewart Information Services Corp. (NYSE: STC) was started as Market Perform with a $42 price target (versus a $41.12 close) at Keefe Bruyette & Woods.
ULTA Salon, Cosmetics & Fragrance Inc. (NASDAQ: ULTA) was started as Hold at Deutsche Bank.
In case you missed Friday’s top analyst upgrades and downgrades, they included Broadcom, CenturyLink, GoPro, Linn Energy, Stratasys, Whiting Petroleum and over a dozen more.
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