Notable Analyst Rating Changes 7/13: (AAPL) (ALL) (CNC) Upgraded; (MUR) (WIN) (ARMH) Downgraded

July 13, 2015 10:21 AM EDT

UPGRADES
Societe Generale upgrades Apple (Nasdaq: AAPL) from Neutral to Buy with a price target of $140.

Keefe, Bruyette & Woods moves Allstate (NYSE: ALL) from Market Perform to Outperform with a price target of $76.

FBR Capital boosts Centene (NYSE: CNC) from Market Perform to Outperform and moves its price target from $80 to $90. Click Here for more color.

Macquarie lifts Groupon, Inc. (Nasdaq: GRPN) from Neutral to Outperform.

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

DOWNGRADES
Morgan Stanley downgraded Murphy Oil Corp. (NYSE: MUR) from Equalweight to Underweight and moves its price target from $50 to $48.

UBS downgraded Windstream (Nasdaq: WIN) from Neutral to Sell and trims its price target from $11.50 down to $5. Click Here for more color.

JPMorgan downgraded ARM Holdings (Nasdaq: ARMH) from Neutral to Underweight with a price target of $41.50.

Guggenheim downgraded Valley National Bancorp (NYSE: VLY) from Neutral to Sell with a price target of $9.00.

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

NEW COVERAGE
JPMorgan initiates Palo Alto Networks (NYSE: PANW) with an Overweight rating and a price target of $216.00.

Brean Capital assumes Ashford Hospitality Trust (NYSE: AHT) at Buy with a price target of $14. Click Here for more color.

Fitbit (NYSE: FIT) started by several firms:

  • Morgan Stanley with an Equalweight rating and a price target of $42;
  • Piper Jaffray initiates coverage on Fitbit (NYSE: FIT) with a Overweight rating and a price target of $52. Click Here for more color;
  • Deutsche Bank with a Buy rating and a price target of $50. Click Here for more color;
  • Barclays with an Equalweight rating and a price target of $45;
  • Stifel with a Buy rating and a price target of $57;
  • BofA/Merrill Lynch with a Neutral rating and a price target of $46;
  • William Blair with a Market Perform rating;
  • SunTrust Robinson Humphrey with a Buy rating and a price target of $50. Click Here for more color; and
  • Morgan Stanley with an Equalweight rating and a price target of $42.

Baird begins Axovant Sciences (NYSE: AXON) with an Outperform rating and a price target of $29. Click Here for more color.

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Piper Jaffray, Keefe, Bruyette & Woods, Deutsche Bank, UBS, William Blair, JPMorgan, Morgan Stanley, Robert W Baird, SunTrust Robinson Humphrey, Barclays, Notable Analyst Rating Changes