EMC Corp. (NYSE: EMC) was downgraded to Hold from Buy with a $29 price target (versus a $27.86 prior close) at Jefferies. This is going into the Dell acquisition, and it leaves little real ambition considering a go-shop provision in the deal.
Goldman Sachs Group Inc. (NYSE: GS) was raised to Buy from Neutral at Citigroup. Goldman Sachs closed at $179.19 and has a 52-week trading range of $167.49 to $218.77 and a consensus price target of $211.33.
Linn Energy LLC (NASDAQ: LINE) was downgraded to Underperform from Market Perform and the price target was cut to $2 from $6 (versus a $3.36 close) at FBR Capital Markets.
MGIC Investment Corp. (NYSE: MTG) was raised to Outperform from Market Perform with an $11.50 price target (versus a $9.63 close) at Keefe Bruyette & Woods.
Marvell Technology Group Ltd. (NASDAQ: MRVL) was downgraded to Neutral from Buy and the price target was cut to $12 from $14 (versus a $9.41 close) at Nomura Securities.
NetApp Inc. (NASDAQ: NTAP) was raised to Outperform from Neutral and the price target was raised to $40 from $35 (versus a $33.16 close) at R.W. Baird.
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Other key analyst upgrades, downgrades and initiations Monday morning were seen in the following:
Advisory Board Co. (NASDAQ: ABCO) was raised to Outperform from Market Perform with a $55 price target (versus a $45.29 close) at FBR Capital Markets.
Blue Buffalo Pet Products Inc. (NASDAQ: BUFF) was raised to Overweight from Equal Weight and the price target was put at $24 (versus a $18.73 close) at Morgan Stanley.
Brandywine Realty Trust (NYSE: BDN) was raised to Outperform from Neutral with a $16.00 price target (versus a $12.88 close) at Credit Suisse.
Buffalo Wild Wings Inc. (NASDAQ: BWLD) was downgraded to Market Perform from Outperform at Raymond James.
Charles River Laboratories International Inc. (NYSE: CRL) was raised to Market Perform from Underperform at Wells Fargo.
Citizens Financial Group Inc. (NYSE: CFG) was raised to Buy from Neutral at Citigroup.
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CONMED Corp. (NASDAQ: CNMD) was raised to Buy from Neutral at Ladenburg Thalmann.
CVR Refining L.P. (NYSE: CVRR) was raised to Overweight from Equal Weight at Barclays, and the price target was raised to $27 from $25 (versus a $20.37 close).
Darden Restaurants Inc. (NYSE: DRI) was downgraded to Market Perform from Outperform at Raymond James.
DineEquity Inc. (NYSE: DIN) was downgraded to Outperform from Strong Buy and the price target was lowered to $110 from $120 (versus a $91.64 close) at Raymond James.
ENI SpA (NYSE: E) was raised to Neutral from Reduce at Nomura Securities.
Federated National Holding Co. (NASDAQ: FNHC) was started as Buy at Janney Capital Markets. Its fair value estimate is $35.00 (versus a $26.12 close), and the call was based on expectations for another quiet storm season unlocking their reinsurance profits.
Halyard Health Inc. (NYSE: HYH) was downgraded to Underweight from Equal Weight and the price target was cut to $27 from $38 (versus a $30.13 close) at Morgan Stanley.
Harris Corp. (NYSE: HRS) was started as Outperform and was assigned a $90 price target (versus a $75.73 close) at RBC Capital Markets.
Kaiser Aluminum Corp. (NASDAQ: KALU) was started as Hold at Deutsche Bank.
Northrop Grumman Corp. (NYSE: NOC) was raised to Neutral from Underweight and the price target was raised to $198 from $185 (versus a $175.75 close) at JPMorgan.
Pentair PLC (NYSE: PNR) was started as Neutral with a $53 price target (versus a $57.15 close) at Goldman Sachs.
Rice Energy Inc. (NYSE: RICE) was started as Buy with a $28 price target (versus a $17.87 close) at Topeka Capital Markets.
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Ruth’s Hospitality Group Inc. (NASDAQ: RUTH) was downgraded to Market Perform from Outperform at Raymond James.
Tech Data Corp. (NASDAQ: TECD) was downgraded to Underperform from Market Perform at Raymond James.
In case you missed out on Friday’s top analyst upgrades and downgrades, they were in shares of AT&T, BioCryst Pharmaceuticals, Eli Lilly, Facebook, Flextronics, Gap, Tesla Motors and over a dozen more.
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