Before taking their morning glasses of whiskey, the analyst community on Wall Street, bright and early, issued their edicts on the state of America’s corporate world — judged by the proverbial thumbs up/down approach in an upgrade/downgrade game of carnivale smoke and mirrors, the clown edition.
Via Briefing:
JBT Corp initiated with a Neutral at BofA/Merrill; tgt $89
Shutterfly: Aegis Capital sees limited impact from Google Photos, buy the weakness
Tenax Therapeutics upgraded to Buy at Ladenburg Thalmann
BioLineRx upgrade details — to Buy at Maxim Group; tgt raised to $3
Pure Storage downgraded to Equal-Weight from Overweight at Morgan Stanley
BioLineRx upgraded to Buy from Hold at Maxim Group
Take-Two: Thoughts into the Q4 print — Stifel
Jacobs upgraded to Overweight from Neutral at Alembic Global Advisors
Synopsys: Color on Quarter (
Achillion Pharma upgraded to Outperform from Mkt Perform at Leerink Partners
B&G Foods downgraded to Neutral from Outperform at Credit Suisse
PTC initiation details — Buy at The Benchmark Company; tgt $65
Aurinia Pharma target lowered to $10 from $12 at H.C. Wainwright after first patient dosed in AURORA and the Q1 results from earlier in the week
PTC initiated with a Buy at The Benchmark Company; tgt $65
Symantec downgraded to Neutral from Buy at UBS
United Bankshares upgraded to Neutral from Under Perform at Boenning & Scattergood
CarMax upgraded to Outperform from Neutral at Wedbush
Veritiv upgraded to Outperform from Market Perform at Wells Fargo
Teladoc initiated with a Overweight at KeyBanc Capital Mkts; tgt $37
Citizens Financial Group initiated with a Underperform at Macquarie; tgt $33
Endologix downgraded to Neutral from Buy at BTIG Research; tgt $7
Grainger downgraded to Sell from Hold at Deutsche Bank
Colfax initiated with a Outperform at Credit Suisse; tgt $47
Shake Shack upgraded to Outperform from Neutral at Wedbush
First Solar downgrade details — to Neutral at Robert W. Baird; tgt $38
Pentair upgraded to Overweight from Sector Weight at KeyBanc Capital Mkts
Jack In The Box downgraded to Sector Weight from Overweight at KeyBanc Capital Mkts
Douglas Emmett downgraded to Neutral from Buy at DA Davidson
Monmouth Real Estate, Lakeland Financial (LKFN) both upgraded to Buy from Neutral at DA Davidson
Noble Corp PLC upgraded to Neutral from Reduce at Nomura
Hanover Insurance upgraded to Mkt Perform from Underperform at Keefe Bruyette
Telefonica S.A. upgraded to Buy from Neutral at Goldman
Stratasys downgraded to Hold from Buy at Jefferies
Camden Property upgraded to Outperform from In Line at Evercore ISI
Essex Property downgraded to Hold from Buy at SunTrust
Expedia downgraded to Mkt Perform from Outperform at Raymond James
Bank of Montreal upgraded to Buy from Neutral at Citigroup
Progressive upgraded to Hold from Sell at Deutsche Bank
First Solar downgraded to Neutral from Outperform at Robert W. Baird
Endologix downgraded to Hold at Stifel; tgt lowered to $5.50
Ascena Retail Group target lowered to $3 at Telsey Advisory Group
Roger Ailes downgraded to neutral at Unilife.
Chris Cornell downgraded to neutral at Unilife.
Retard is as a retard does. Circus upgraded to infinity and beyond.
Oil has been going sideways for 1yr and half between 40-60. It looks ready to test next lower range.
Mnuchin testimony upgraded due to hot blonde sitting behind him.