Adobe (ADBE) 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) 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) 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) was upgraded to outperform at BMO Capital. $53 price target. The company is seeing higher end-market demand, BMO said.
KB Home (KBH) 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) 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.
Sanderson Farms (SAFM) 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) 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) 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.