Analysts' Actions -- Adobe, Starbucks, Snap, KB Home and More

Here are Monday's top research calls, including an upgrade for Adobe, a downgrade for KB Home and new coverage of Starbucks and Snap.

Author:: TheStreet Staff
Publish date:: Mar 27, 2017 8:26 AM EDT

RATINGS CHANGES

Adobe (ADBE) - Get Report was upgraded to buy at BTIG. $151 price target. The company is positioned well to benefit from the continued digital transformation, BTIG said.

Arista Networks (ANET) - Get Report was upgraded to neutral from sell at Goldman Sachs. $125 price target. The company is executing better and is leveraged to the ramp on 100G technology, Goldman said.

Brookdale (BKD) - Get Report was upgraded to buy at Jefferies. $16.50 price target. The company is trading below net asset value and is a takeover candidate, Jefferies said.

Flowserve (FLS) - Get Report was upgraded to outperform at BMO Capital. $53 price target. The company is seeing higher end-market demand, BMO said.

KB Home (KBH) - Get Report was downgraded to market perform from outperform at JMP Securities. Earnings estimates were increased, but the company appears fully valued at 1.13x book value, JMP said.

Allscripts (MDRX) - Get Report was upgraded to buy at Deutsche Bank. $14 price target. The valuation is more attractive, as the company can deliver consistent growth over the next few years, Deutsche said.

Micron (MU) - Get Report was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: MU.

Palo Alto Networks (PANW) - Get Report was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: PANW.

Sanderson Farms (SAFM) - Get Report was upgraded to overweight from sector weight at Keybanc. $120 price target. The company is better leveraged to play industry cyclicality, Keybanc said.

Starbucks (SBUX) - Get Report was initiated with an outperform rating at Telsey Advisory. $66 price target. The company can continue to deliver solid growth and return excess cash to investors, Telsey said.

Snap (SNAP) - Get Report was initiated with a neutral rating at JPMorgan. $24 price target. The company has to grow into its current valuation, JPMorgan said.

Snap was also initiated with a buy rating at Deutsche Bank. $30 price target. Engagement and monetization opportunities are under-appreciated, Deutsche said.

This article was written by a staff member of TheStreet.