Notable Analyst Rating Changes 10/31: (VMW) (M) (TEVA) Upgraded; (NKE) (ABBV) (JWN) Downgraded

October 31, 2016 10:37 AM EDT

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UPGRADES
Oppenheimer upgrades VMware (NYSE: VMW) from Perform to Outperform with a price target of $90. Click Here for more color.

Deutsche Bank lifts Macy's (NYSE: M) from Hold to Buy and moves its price target rfrom $40 to $45. Click Here for more color.

Credit Suisse boosts Teva Pharma (NYSE: TEVA) from Neutral to Outperform and moves its price target from $59 to $52. Click Here for more color.

Nomura Securities moves Qualcomm (Nasdaq: QCOM) from Neutral to Buy and boosts its price target from $55 to $80. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
BofAMerrill Lynchh downgrades Nike (NYSE: NKE) from Neutral to Underperform with a price target of $46.

Credit Suisse drops Abbvie (NYSE: ABBV) from Outperform to Neutral and moves its price target from $70 to $60. Click Here for more color.

Deutsche Bank lowers Nordstrom (NYSE: JWN) from Buy to Hold and lowers its price target from $57 to $56. Click Here for more color.

Goldman Sachs cuts ExxonMobil (NYSE: XOM) from Conviction Buy to Neutral and adjusts its price target from $98 to $93. Click Here for more color.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Barclays reinstates Allergen (NYSE: AGN) with an Equalweight rating and a price target of $250.

Piper Jaffray starts Alder Biopharm (Nasdaq: ALDR) with a Overweight rating and a price target of $47. Click Here for more color.

William Blair begins Acacia Communications (Nasdaq: ACIA) with an Outperform rating.

BofAMerrill Lynchh assumes coverage on Zillow Group (Nasdaq: ZG) with a Buy rating and a price target of $40.00.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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