These are this Monday’s top analyst upgrades, downgrades and initiations.
Baidu Inc. (NASDAQ: BIDU) was raised to Buy from Hold with a $210 price target (versus a $152.13 close) at Jefferies. Baidu has a 52-week trading range of $100.00 to $251.99.
Goldman Sachs Group Inc. (NYSE: GS) was raised to Buy from Hold with a $215.00 price target (versus a $187.75 close) at Evercore ISI. Goldman Sachs has a consensus price target of $219.27 and a 52-week range of $171.26 to $218.77.
Intel Corp. (NASDAQ: INTC) was raised to Outperform from Market Perform with a $32 price target (versus a $28.42 close) at Northland Securities. Canaccord Genuity reiterated its Buy rating and $39 price target. Intel has a consensus price target of $33.02 and a 52-week range of $24.87 to $37.90.
J.C. Penney Co. Inc. (NYSE: JCP) was raised to Buy from Hold with a $12 price target (versus an $8.94 close) at Evercore ISI. The consensus target is $9.61 and the 52-week range is $5.90 to $11.30.
Twitter Inc. (NYSE: TWTR) was raised to Buy from Neutral with a $38 price target (versus a $26.83 close) at SunTrust Robinson Humphrey, as the firm believes the pullback has priced in a compelling risk-reward now. Twitter shares were indicated up 3%, and it has a consensus target of $39.82 and a 52-week range of $21.01 to $55.99. We also have expanded details on this upgrade.
United Technologies Inc. (NYSE: UTX) was downgraded to Equal Weight from Overweight with a price target cut to $100 from $120 (versus a $93.24 close) at Barclays. United Technologies has a consensus target price of $114.75 and a 52-week range of $87.17 to $124.45.
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Other key analyst upgrades, downgrades and initiations seen on Monday were in the following:
Amplify Snack Brands Inc. (NYSE: BETR) was started as Neutral with an $18 price target (versus a $13.31 close) at Goldman Sachs. William Blair started it as Outperform. Piper Jaffray started it as Overweight with an $18 price target.
Astec Industries Inc. (NASDAQ: ASTE) was raised to Buy from Hold at Stifel Nicolaus.
Basic Energy Services Inc. (NYSE: BAS) was raised to Hold from Sell with a $4.00 price target (versus a $4.70 close) at Wunderlich Securities.
Bob Evans Farms Inc. (NASDAQ: BOBE) was raised to Sector Weight from Underweight at KeyBanc Capital Markets.
Dover Corp. (NYSE: DOV) was raised to Outperform from Market Perform with a $73.00 price target (versus a $60.37 close) at Sanford Bernstein.
Himax Technologies Inc. (NASDAQ: HIMX) was raised to Outperform from Neutral at Credit Suisse.
Leggett & Platt Inc. (NYSE: LEG) was raised to Outperform from Market Perform with a price target of $48.00 (versus a $44.14 close) at Raymond James.
Morgan Stanley (NYSE: MS) was raised to Buy from Hold with a price target of $41.00 (versus a $34.05 close) at Evercore ISI.
Planet Fitness Inc. (NYSE: PLNT) was started as Buy with a $19 price target (versus a $16.78 close) at Bank of America Merrill Lynch. Cowen assigned a Buy rating with a $21 price target. Piper Jaffray started Planet Fitness as Overweight with a $19.00 price target.
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Sunrun Inc. (NASDAQ: RUN) was started as Buy with a price target of $17.00 (versus a $11.62 close) at Merrill Lynch. RBC Capital Markets started it as Outperform with a $16 price target.
Syngenta A.G. (NYSE: SYT) was downgraded to Neutral from Buy at UBS.
Tenet Healthcare Corp. (NYSE: THC) was raised to Outperform from Market Perform with a $62 price target (versus a $50.32 close) at BMO Capital Markets.
UTStarcom Holdings Corp. (NASDAQ: UTSI) was started as Outperform with a $2.50 price target (versus a $1.92 close) at Northland Securities.
Vocera Communications Inc. (NYSE: VCRA) was raised to Outperform from Market Perform with a $14 price target (versus an $11.14 close) at Leerink.
In case you missed out on Friday’s top analyst upgrades and downgrades, they included Abercrombie & Fitch, Akamai Technologies, Citigroup, El Pollo Loco, Netflix, Salesforce.com and over a dozen more.
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