Notable Analyst Rating Changes 11/7: (PAH) (BIIB) (CMI) Upgraded; (GPRO) (PNR) (BMRN) Downgraded

November 7, 2016 10:38 AM EST

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UPGRADES

Nomura Securities upgrades Platform Specialty Products (NYSE: PAH) from Neutral to Buy and adjusts its price target from $12 to $11. Click Here for more color.

Piper Jaffray moves Biogen (Nasdaq: BIIB) from Neutral to Overweight with a price target of $335.

Evercore ISI raises Cummins (NYSE: CMI) from Hold to Buy and moves its price target from $113 to $144.

Maxim Group lifts Potbelly Corp (Nasdaq: PBPB) from Hold to Buy.

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

DOWNGRADES
BofAMerrill Lynchh downgrades GoPro (Nasdaq: GPRO) from Neutral to Underperform with a price target of $10.

Susquehanna drops Pentair (NYSE: PNR) from Positive to Neutral and adjusts its price target from $69 to $59.

Piper Jaffray lowers BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) from Overweight to Neutral and drops its price target from $105 to $84.

Baird cuts Alcentra Capital Corp. (Nasdaq: ABDC) from Outperform to Neutral and moves its price target from $13 to $12.

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

NEW COVERAGE
SunTrust Robinson Humphrey starts Hostess Brands (Nasdaq: TWNK) with a Buy rating and a price target of $15.

Credit Suisse initiates VimpelCom (Nasdaq: VIP) with an Outperform rating and a price target of $4.80.

Alcoa (NYSE: AA) started by three firms on Monday:

  • Citi with a Buy rating and a price target of $30;
  • Cowen with a Market Perform rating and a price target of $29; and
  • Morgan Stanley with an Overweight rating and a price target of $27.

Guggenheim assumes coverage on AMAG Pharmaceuticals (Nasdaq: AMAG) with a Buy rating and a price target of $42. Click Here for more color.

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Credit Suisse, Piper Jaffray, Citi, Morgan Stanley, Robert W Baird, Bank of America, SunTrust Robinson Humphrey, Nomura, Maxim Group, Susquehanna International Group of Companies, Notable Analyst Rating Changes, Cowen & Co, Guggenheim

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