Trading Report: Today: Equities Research Analysts’ Upgraded for November, 28th (AGCO, AKAO, AVB, AWK, BRX, CMA, CNHI, COP, DE, EONGY)

Today: Equities Research Analysts’ Upgraded for November, 28th (AGCO, AKAO, AVB, AWK, BRX, CMA, CNHI, COP, DE, EONGY)

Equities Research Analysts’ upgrades for Monday, November 28th:

Agco Corp. (NYSE:AGCO) was upgraded by analysts at Piper Jaffray Cos. from an underweight rating to a neutral rating.

Achaogen (NASDAQ:AKAO) was upgraded by analysts at Cowen and Company from a market perform rating to an outperform rating.

AvalonBay Communities (NYSE:AVB) was upgraded by analysts at Evercore ISI from a hold rating to a buy rating.

American Water Works (NYSE:AWK) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $83.00 price target on the stock. According to Zacks, “Share price of American Water Works Company trailed the return of the broader industry in the last twelve months. American Water Works’ is benefiting from its consistent investments in regulated operations and contribution from the acquired assets. The company’s inorganic growth strategy has been of great help, enabling it to add 10,700 customers to the existing base year to date. We believe consolidation is the need of the hour in the fragmented U.S. water utility space. A favorable rate hike decision is also helping the company to execute infrastructural development activities and pay regular dividends to shareholders. The company continues to improve its water and wastewater systems, which allows it to provide efficient services to its expanding customer base. However, stringent regulations, fluctuating weather patterns and risk of accidents due to old and soiled pipelines are persistent headwinds.”

Brixmor Property Group (NYSE:BRX) was upgraded by analysts at Wells Fargo & Co. from a market perform rating to an outperform rating.

Comerica (NYSE:CMA) was upgraded by analysts at Jefferies Group from a hold rating to a buy rating.

CNH Industrial NV (NASDAQ:CNHI) was upgraded by analysts at Piper Jaffray Cos. from an underweight rating to a neutral rating.

ConocoPhillips (NYSE:COP) was upgraded by analysts at Goldman Sachs Group Inc. from a neutral rating to a conviction-buy rating. The firm currently has $54.00 price target on the stock, up from their previous price target of $47.00.

Deere & Company (NYSE:DE) was upgraded by analysts at Piper Jaffray Cos. from an underweight rating to a neutral rating.

E.On Se (NASDAQ:EONGY) was upgraded by analysts at HSBC from a reduce rating to a hold rating.

Essex Property Trust (NYSE:ESS) was upgraded by analysts at Evercore ISI from a hold rating to a buy rating.

Fiat Chrysler Automobiles NV (NYSE:FCAU) was upgraded by analysts at Evercore ISI from a sell rating to a buy rating.

First Horizon National Corp. (NYSE:FHN) was upgraded by analysts at Jefferies Group from a hold rating to a buy rating.

Finisar Corp. (NASDAQ:FNSR) was upgraded by analysts at Needham & Company LLC from a buy rating to a strong-buy rating. Needham & Company LLC currently has $42.00 price target on the stock, up from their previous price target of $38.00.

Gap (NYSE:GPS) was upgraded by analysts at Piper Jaffray Cos. from an underweight rating to a neutral rating.

Halliburton (NYSE:HAL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $55.00 target price on the stock. According to Zacks, “Halliburton's stock performance has been pretty exciting lately. Shares are at fresh highs these days, and the stock has recovered nicely from its rough start to 2016 when oil prices fell to a 12-year low. Boasting of an impressive earnings history, Halliburton has used the challenges prevailing in the sector to its advantage, mainly by offering low cost solutions that aids producers in churning out more by investing less. With industry observers hopeful about an OPEC deal and the subsequent advancement of oil, producers are likely to revive spending on drilling activities that would spur rig count even higher. This, in turn, will result in improved demand for oilfield equipments. Consequently, we think Halliburton offers upside potential from current levels and label it as an attractive investment.”

Jabil Circuit (NYSE:JBL) was upgraded by analysts at Standpoint Research from a hold rating to a buy rating.

Jacobs Engineering Group (NYSE:JEC) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Jacobs’ adjusted earnings in fiscal fourth-quarter 2016 were in line with the Zacks Consensus Estimate, however revenues fell short of the same. Dismal pricing conditions prevailing in the global commodity and energy markets have been hurting the company’s three major line-of-business’ revenues. Also, a stronger U.S. dollar has been weighing on its international top- and bottom-line performances. Moreover, strong industry rivalry is augmenting the bargaining power of end-users, which, in turn, enhances the market share loss risks for the company. However, Jacobs firmly plans to improve its performance by streamlining operations, reducing costs and managing working capital more efficiently. In addition, the company intends to reward its shareholders with lucrative share buyback offers.”

L Brands (NYSE:LB) was upgraded by analysts at Piper Jaffray Cos. from an underweight rating to a neutral rating.

MGM China Holdings (OTCMKTS:MCHVF) was upgraded by analysts at HSBC from a hold rating to a buy rating.

Newmont Mining Corp. (NYSE:NEM) was upgraded by analysts at Bank of America Corp. from a neutral rating to a buy rating.

NetEase (NASDAQ:NTES) was upgraded by analysts at Jefferies Group from a hold rating to a buy rating.

State Street Corp. (NYSE:STT) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $88.00 price target on the stock. According to Zacks, “State Street's shares have significantly outperformed the Zacks categorized Major Regional Banks industry, year-to-date. Further, the company expects that the acquisition of GE Asset Management will lead to revenue and cost synergies in the quarters ahead. Moreover, the company remains on track to lower expenses and enhance cost efficiencies through its multi-year restructuring plan. Also, enhanced capital deployment plans look impressive. Nevertheless, rising expenses, along with stringent regulations will continue to weigh on its financials. Moreover, net interest margin is likely to be under pressure in the coming quarters due to the persistent low-rate environment.”

Southwestern Energy (NYSE:SWN) was upgraded by analysts at BMO Capital Markets from a market perform rating to an outperform rating. BMO Capital Markets currently has $18.00 price target on the stock. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

UDR (NYSE:UDR) was upgraded by analysts at Evercore ISI from a hold rating to a buy rating.

U.S. Bancorp (NYSE:USB) was upgraded by analysts at Jefferies Group from a hold rating to a buy rating.

WPX Energy (NYSE:WPX) was upgraded by analysts at Deutsche Bank AG from a hold rating to a buy rating.

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