Notable Analyst Rating Changes 9/13: (KATE) (BABY) (DHI) Upgraded; (INTU) (NFLX) (AGU) Downgraded

September 13, 2016 10:19 AM EDT

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UPGRADES
Wells Fargo upgrades Kate Spade (NYSE: KATE) from Market Perform to Outperform and moves its valuation range from $16 - $18 to $23 - $24. Click Here for more color.

Raymond James raises Natus Medical (Nasdaq: BABY) from Market Perform to Outperform with a price target of $46.

BofA/Merrill Lynch lifts D.R. Horton (NYSE: DHI) from Neutral to Buy with a price target of $36.

BMO Capital boosts Open Text (Nasdaq: OTEX) from Market Perform to Outperform with a price target of $73. Click Here for more color.

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

DOWNGRADES
Morgan Stanley drops Intuit (Nasdaq: INTU) from Equalweight to Underweight with a price target of $105.

Macquarie downgrades Netflix (Nasdaq: NFLX) from Neutral to Underperform.

BofA/Merrill Lynch lowers Agrium (NYSE: AGU) from Buy to Underperform with a price target of $91.

Citi cuts Ferrellgas Partners LP (NYSE: FGP) from Neutral to Sell with a price target of $14.

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

NEW COVERAGE
FBR Capital initiates Chesapeake Energy (NYSE: CHK) with a Underperform rating and a price target of $5.

Cowen assumes coverage on Accuray (Nasdaq: ARAY) with an Outperform rating and a price target of $9.

JPMorgan starts Berry Plastics Group (NYSE: BERY) with an Overweight rating and a price target of $54.

SunTrust Robinson Humphrey begins Xerox (NYSE: XRX) with a Buy rating and a price target of $13.

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

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JPMorgan, Citi, Raymond James, Morgan Stanley, Merrill Lynch, Bank of America, BMO Capital, SunTrust Robinson Humphrey, Notable Analyst Rating Changes, Cowen & Co, Wells Fargo

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