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Actionable news in KSU: KANSAS CITY SOUTHERN,

Top Analyst Upgrades and Downgrades: Best Buy, Equifax, Gilead, MongoDB, NVIDIA, Rio Tinto, Teva, UPS and More

Air Products & Chemicals Inc. (NYSE: APD) was raised to Buy from Hold at HSBC.

Boston Beer Co. (NYSE: SAM) was downgraded to Neutral from Positive at Susquehanna.

Chefs’ Warehouse Inc. (NASDAQ: CHEF) was raised to Outperform from Market Perform at BMO Capital Markets.

Coca-Cola European Partners PLC (NYSE: CCE) was downgraded to Negative from Neutral at Susquehanna.

Eldorado Gold Corp. (NYSE: EGO) was downgraded to Neutral from Overweight at JPMorgan.

ExOne Co. (NASDAQ: XONE) was raised to Buy from Hold at Cannacord Genuity.

Fate Therapeutics Inc. (NASDAQ: FATE) was reiterated as Outperform with a $7 price target (versus a $4.42 close), calling for a six times sales multiple of its estimated 2022 sales of ProTmune discounted back by 35% annually.

FedEx Corp. (NYSE: FDX) was started as Buy with a $270 target price at Goldman Sachs.

Green Dot Corp. (NYSE: GDOT) was downgraded to Neutral from Buy at Citigroup.

Mallinckrodt PLC (NYSE: MNK) was downgraded to Neutral from Buy at UBS.

Praxair Inc. (NYSE: PX) was raised to Buy from Hold with a $171 target price (versus a $148.28 close) at Argus. Praxair was down almost 2% at $145.35 on Monday morning.

Scorpio Tankers Inc. (NYSE: STNG) was raised to Buy from Neutral at UBS. Scorpio was up over 2% at $3.50 early on Monday.

Voya Financial Inc. (NYSE: VOYA) was raised to Buy from Hold at Sandler O’Neill.

Goldman Sachs has issued new ratings on the railroad sector:

  • Canadian Pacific Railway Ltd. (NYSE: CP) was started as Neutral with a $178 target.
  • Canadian National Railway Co. (NYSE: CNI) was started as Buy with an $85 target.
  • CSX Corp. (NYSE: CSX) was started as Sell with a $45 target.
  • Kansas City Southern (NYSE: KSU) was started as Neutral with a $109 target.
  • Norfolk Southern Corp. (NYSE: NSC) was started as Neutral with a $126 target.
  • Union Pacific Corp. (NYSE: UNP) was started as Sell with a $103 target.

It still feels too early to make a formal 2018 forecast on indexes and key asset prices, but after a 360-degree review of gold there appears to be more reasons for concern than optimism about gold in 2018.

Friday’s top analyst calls included AMD, CVS Health, Fiat Chrysler, Kinross Gold, Kohl’s, NVIDIA, Walt Disney and over a dozen more.

By Jon C. Ogg


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