Analysts’ Upgrades for February, 13th (ADI, AMG, AVB, BECN, BGCP, BZH, CBOE, CELG, DGX, ESS)

Analysts’ upgrades for Tuesday, February 13th:

Analog Devices (NASDAQ:ADI) was upgraded by analysts at Piper Jaffray Companies from a neutral rating to an overweight rating.

Affiliated Managers Group (NYSE:AMG) was upgraded by analysts at Deutsche Bank AG from a hold rating to a buy rating.

AvalonBay Communities (NYSE:AVB) was upgraded by analysts at Bank of America Corp from an underperform rating to a neutral rating.

Beacon Roofing Supply (NASDAQ:BECN) was upgraded by analysts at Wedbush from a neutral rating to an outperform rating.

BGC Partners (NASDAQ:BGCP) was upgraded by analysts at BGC Financial from a hold rating to a buy rating.

Beazer Homes USA (NYSE:BZH) was upgraded by analysts at Wedbush from a neutral rating to an outperform rating.

Cboe Global Markets (NASDAQ:CBOE) was upgraded by analysts at Deutsche Bank AG from a hold rating to a buy rating.

Celgene (NASDAQ:CELG) was upgraded by analysts at Barclays PLC from an equal weight rating to an overweight rating.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) was upgraded by analysts at Goldman Sachs Group Inc from a neutral rating to a buy rating.

Quest Diagnostics (NYSE:DGX) was upgraded by analysts at Credit Suisse Group AG from a neutral rating to an outperform rating.

Essex Property Trust (NYSE:ESS) was upgraded by analysts at Bank of America Corp from a neutral rating to a buy rating.

Forum Energy Technologies (NYSE:FET) was upgraded by analysts at Jefferies Group LLC from a hold rating to a buy rating. The firm currently has $15.00 price target on the stock.

Keane Group (NYSE:FRAC) was upgraded by analysts at Citigroup Inc from a neutral rating to a buy rating. Citigroup Inc currently has $18.00 target price on the stock.

Green Dot (NYSE:GDOT) was upgraded by analysts at Citigroup Inc from a neutral rating to a buy rating.

Ichor (NASDAQ:ICHR) was upgraded by analysts at Needham & Company LLC from a buy rating to a strong-buy rating.

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

Janus Henderson Group (NYSE:JHG) was upgraded by analysts at Deutsche Bank AG from a hold rating to a buy rating.

JPMorgan Chase & Co. (NYSE:JPM) was upgraded by analysts at Keefe, Bruyette & Woods from a market perform rating to a buy rating. Keefe, Bruyette & Woods currently has $127.00 price target on the stock.

LGI Homes (NASDAQ:LGIH) was upgraded by analysts at Wedbush from a neutral rating to a buy rating.

M.D.C. (NYSE:MDC) was upgraded by analysts at UBS Group AG from a market perform rating to an outperform rating.

3M (NYSE:MMM) was upgraded by analysts at Deutsche Bank AG from a hold rating to a buy rating.

Marathon Petroleum (NYSE:MPC) was upgraded by analysts at Goldman Sachs Group Inc from a neutral rating to a buy rating.

NetApp (NASDAQ:NTAP) was upgraded by analysts at Loop Capital from a hold rating to a buy rating.

NetApp (NASDAQ:NTAP) was upgraded by analysts at Bank of America Corp from a neutral rating to a buy rating.

Plains All American Pipeline (NYSE:PAA) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating.

Plains GP (NYSE:PAGP) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating.

Paycom Software (NYSE:PAYC) was upgraded by analysts at KeyCorp to an overweight rating.

Pengrowth Energy (NYSE:PGH) (TSE:PGF) was upgraded by analysts at Canaccord Genuity from a sell rating to a hold rating.

ePlus (NASDAQ:PLUS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $81.00 target price on the stock. According to Zacks, “ePlus inc. is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. With the highest certifications from top technology partners and expertise in key technologies from data center to security, cloud, and collaboration, ePlus transforms IT from a cost center to a business enabler. “

PNM Resources (NYSE:PNM) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “PNM Resources, Inc. is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. In New Mexico, the utility’s retail electric service territory covers a large area of north central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, and certain areas of southern New Mexico. Service to retail electric customers is subject to the jurisdiction of the NMPRC. PNM has decided to stop pursuing wholesale generation contracts although some sales continue to be made to wholesale customers. Service to wholesale customers is regulated by FERC. Regulation encompasses the utility’s electric rates, service, accounting, issuances of securities, construction of major new generation, types of generation resources, transmission and distribution facilities, and other matters. “

PennantPark Investment (NASDAQ:PNNT) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “PennantPark Investment Corporation is a business development company which principally invests in U.S. middle-market private companies in the form of mezzanine debt, senior secured loans and equity investments. The companies in which it invests are typically highly leveraged, often as a result of leveraged buy-outs or other recapitalization transactions. PennantPark’s investment objectives are to generate both current income and capital appreciation through debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC. “

Pinnacle West Capital (NYSE:PNW) was upgraded by analysts at Morgan Stanley from an underweight rating to an equal weight rating.

Stericycle (NASDAQ:SRCL) was upgraded by analysts at Robert W. Baird from an underperform rating to a neutral rating.

Sasol (NYSE:SSL) was upgraded by analysts at JPMorgan Chase & Co. from a neutral rating to a buy rating.

Statoil ASA (NYSE:STO) was upgraded by analysts at Morgan Stanley from an underweight rating to a hold rating.

Total (NYSE:TOT) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating.

Univar (NYSE:UNVR) was upgraded by analysts at SunTrust Banks, Inc. from a hold rating to a buy rating.

Select Energy Services (NYSE:WTTR) was upgraded by analysts at Citigroup Inc from a sell rating to a hold rating. The firm currently has $17.00 target price on the stock.

Xcel Energy (NYSE:XEL) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating.

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