Analysts' Actions -- Tableau, Garmin, Pioneer, Shire and More

RATINGS CHANGES

Chegg (CHGG) was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: CHGG.

Tableau Data (DATA) was downgraded to neutral at DA Davidson. $59 price target. The company has limited visibility for its desire to accelerate a shift to the cloud, Davidson said. 

Garmin (GRMN) was downgraded to underperform from buy at Bank of America/Merrill Lynch. $47 price target. The valuation is less attractive, with shares up 48% year-to-date, analysts said. 

Inovalon (INOV) was downgraded to underweight from neutral at Piper Jaffray. $11 price target. Earnings estimates were also cut, as management missed expectations for a fifth straight quarter, Piper said. 

Pioneer Natural Resources (PXD) was downgraded to sell from hold at Societe Generale. $132 price target. It's a relative valuation call, as EOG Resources (EOG) offers better upside potential, Societe said. 

Shire (SHPG) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: SHPG.

Scotts Miracle-Gro (SMG) was upgraded to overweight from neutral at JPMorgan. $85 price target. The company is a market leader and is leveraged to lower commodity costs, JPMorgan said. 

Trinet (TNET) was downgraded to equal-weight at Morgan Stanley. The valuation is less attractive, based on a $22 price target.

This article was written by a staff member of TheStreet.

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