CF Industries (CF) , Microsoft (MSFT), Progress Software (PRGS), Legg Mason (LM), Whole Foods (WFM), Advance Auto Parts (AAP) and Procter & Gamble (PG) were upgraded or downgraded by analysts.
Microsoft (MSFT) upgraded to Overweight from Neutral at Atlantic Equities.Atlantic Equities upgraded Microsoft based on a powerful product cycle, a recovering PC market, margin expansion, and its cloud computing position. Price target raised to $36 from $30.
Progress Software (PRGS) upgraded to Outperform from Market Perform at JMP Securities.JMP Securities upgraded Progress Software following investor meetings with new CEO Jay Bhatt citing reduced Street expectations, and expectations for better sales execution and potential divestitures. Price target is $27.
Legg Mason (LM) upgraded to Outperform from Market Perform at Keefe Bruyette.Keefe Bruyette upgraded Legg Mason with a $31 price target citing an improve risk/reward profile following the company's Q3 results.
Whole Foods (WFM) downgraded to Buy from Conviction Buy at Goldman.Goldman removed Whole Foods from its Conviction Buy List citing relative outperformance. Price target raised to $84 from $80.
Advance Auto Parts (AAP) upgraded to Buy from Neutral at UBS.UBS upgraded Advance Auto Parts based on expectations for improved operating performance due to its streamlined focus. Price target raised to $90 from $74.
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