These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Amgen Inc. (NASDAQ: AMGN) was raised to Buy from Neutral with a $165.00 price target (versus a $147.02 prior close) at UBS. Amgen has a consensus price target of $185.79 and a 52-week trading range of $127.67 to $181.81.
Dow Chemical Co. (NYSE: DOW) was started as Buy with a $55 price target (versus a $42.08 close) at Bank of America Merrill Lynch. The consensus target price is $54.42 and the 52-week range is $35.11 to $54.94.
Fitbit Inc. (NYSE: FIT) was raised to Overweight from Equal Weight and it has a $58.00 price target (versus a $31.88 close) at Morgan Stanley. Fitbit has a consensus analyst price target of $55.00 and a 52-week range of $29.50 to $51.90.
Office Depot Inc. (NASDAQ: ODP) was raised to Buy from Neutral with an $11.00 price target (versus a $7.26 close) at B. Riley. Office Depot has a consensus target price of $10.58 and a 52-week range of $4.26 to $9.77. This is on the heels of reports that the merger with Staples may face FTC scrutiny.
SanDisk Corp. (NASDAQ: SNDK) was raised to Overweight from Neutral with a $70 price target (versus a $52.84 close) at JPMorgan. SanDisk has a consensus price target near $66.00 and a 52-week range of $44.28 to $106.64.
Wells Fargo & Co. (NYSE: WFC) was raised to Buy from Hold with a $57.00 price target (versus a $51.29 close) at Evercore ISI. Wells Fargo has a consensus price target of $59.81 and a 52-week range of $46.44 to $58.77.
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Yum! Brands Inc. (NYSE: YUM) was raised to Buy from Outperform with a $107 price target (versus a $78.89 close) at CLSA. The consensus target price is $94.67 and the 52-week range is $65.81 to $95.90.
Procter & Gamble Co. (NYSE: PG) was raised to Buy from Neutral with an $80.00 price target (versus a $68.76 close) at SunTrust Robinson Humphrey. The consensus price target is $84.12 and the 52-week range is $65.02 to $93.89.
Other key analyst upgrades, downgrades and initiations from Tuesday morning were seen as follows:
Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) was raised to Buy from Neutral with an $11.50 price target (versus a $7.74 close) at UBS.
Builders FirstSource Inc. (NASDAQ: BLDR) was started as Buy with a $20.00 price target (versus a $15.32 close) at Deutsche Bank.
Charles Schwab Corp. (NYSE: SCHW) was raised to Overweight from Neutral and with a $39.00 price target (versus a $29.10 close) at JPMorgan.
Columbia Pipeline Group Inc. (NYSE: CPGX) was started as Equal Weight and with a $28.00 price target (versus a $24.22 close) at Barclays.
E.I. du Pont de Nemours and Co. (NYSE: DD) was started as Underperform with a $51.00 price objective (versus a $48.60 close) at Merrill Lynch.
Global Blood Therapeutics Inc. (NASDAQ: GBT) was started as Overweight with a $67.00 price target (versus a $52.70 close) at Morgan Stanley. Cowen started the stock as Outperform.
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Hanover Insurance Group (NYSE: THG) was started as Market Perform with an $86.00 price target (versus a $77.84 close) at BMO Capital Markets.
Houlihan Lokey Inc. (NYSE: HLI) was started as Buy with a $25.00 price target at UBS. Goldman Sachs started it as Neutral with a $25.00 price target. Keefe Bruyette & Woods started it as Outperform with a $28.00 price target, and Merrill Lynch started it as Buy with a $26.00 price objective. Houlihan Lokey closed at $22.35 on Friday, and it has a post-IPO range of $18.22 to $23.10.
Nimble Storage Inc. (NYSE: NMBL) was started as Positive with a $35 price target (versus a $24.62 close) at Susquehanna.
NXP Semiconductors N.V. (NASDAQ: NXPI) was reiterated as Buy with a $130.00 price target (versus an $84.43 close and a $120 consensus target) at Canaccord Genuity.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was raised to Buy from Sell with a $565.00 price target (versus a $499.99 close and a $617 consensus price target) at UBS.
Rentrak Corp. (NASDAQ: RENT) was raised to Strong Buy from Buy at Needham and was assigned a price target of $85.00. Rentrak closed at $43.43 and has a $75.44 closing price.
Silicon Motion Technology Corp. (NASDAQ: SIMO) was started as Positive with a $35.00 price target (versus a $25.43 close) at Susquehanna.
Wisconsin Energy Group Inc. (NYSE: WEC) was raised to Outperform from Market Perform at Wells Fargo.
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