Key Calls (Tuesday): Upgrades, Downgrades & Initiations

Via Bloomberg

• Air Products (APD) raised to inline at Evercore ISI, PT $147
• Badger Daylighting (BAD CN) raised to strong buy at Industrial Alliance
• Biogen (BIIB) raised to buy at Stifel, PT $415
• Century Aluminum (CENX) raised to buy at Deutsche Bank, PT $20
• Commercial Metals (CMC) raised to buy at Jefferies
• Emerson Electric (EMR) raised to buy at BofAML, PT $79
• Energy Transfer Equity (ETE) raised to buy at Goldman, PT $23
• Mullen Group (MTL CN) raised to strong buy at Industrial Alliance
• Phillips 66 Partners (PSX) raised to neutral at Goldman, PT $59
• Prudential Financial (PRU) raised to buy at Citi, PT $123
• Thomson Reuters (TRI CN) raised to sector outperform at Scotiabank

• Appian (APPN) cut to market perform at Cowen, PT $23
• Briggs & Stratton (BGG) cut to underperform at Raymond James
• CES Energy (CEU CN) cut to hold at Industrial Alliance, PT C$7.25
• Eaton Corp (ETN) cut to underperform at BofAML, PT $80
• Energy Transfer Partners (ETE) cut to neutral at Goldman, PT $20
• Freeport (FCX) cut to sell at Deutsche Bank
• Ingersoll-Rand (IR) cut to neutral at BofAML, PT $96
• Kaiser Aluminum (KALU) cut to hold at Deutsche Bank, PT $104
• Kinder Morgan (KMI) cut to neutral at Goldman, PT $22
• Pason Systems (PSI CN) cut to hold at Industrial Alliance, PT C$18
• Pulse Seismic (PSD CN) cut to hold at Industrial Alliance, PT C$3.50
• Spectra Energy Partners (SEP) cut to sell at Goldman, PT $41
• Targa Resources (TRGP) cut to neutral at Goldman, PT $53
• Triangle Capital (TCAP) cut to underperform at Raymond James
• Tyler Tech (TYL) cut to sector weight at Keybanc
• United Natural (UNFI) cut to underperform at RBC, PT $34
• West Pharma (WST) cut to neutral at BofAML, PT $98

• Acadia Health (ACHC) new outperform at BMO, PT $52
• Aetna (AET) new market perform at BMO, PT $175
• AirBoss of America (BOS CN) new neutral at CIBC, PT C$13
• Ally Financial (ALLY) new buy at Citi
• Anthem (ANTM) new market perform at BMO, PT $210
• Audentes Therapeutics (BOLD) new outperform at William Blair, PT $35
• CIT (CIT) new buy at Citi
• Carbonite (CARB) new market outperform at JMP, PT $30
• Celgene (CELG) new outperform at Bernstein, PT $162
• Centene (CNC) new outperform at BMO, PT $120
• Cigna (CI) new market perform at BMO, PT $210
• DXC Technology (DXC) new outperform at Evercore ISI, PT $115
• Eaton Vance (EV) new buy at Deutsche Bank, PT $57
• Energy Recovery (ERII) new buy at Seaport Global, PT $17
• Federated Investors (FII) new hold at Deutsche Bank, PT $31
• HCA Healthcare (HCA) new outperform at BMO, PT $90
• HP Enterprise (HPE) new hold at Pivotal, PT $14
• Humana (HUM) new outperform at BMO, PT $300
• ICU Medical (ICUI) new sector weight at Keybanc
• Inphi (IPHI) new neutral at DA Davidson, PT $40
• James River Group (JRVR) new market outperform at JMP, PT $47
• Janus Henderson (HGG LN) new hold at Deutsche Bank, PT $36
• Legg Mason (LM) new buy at Deutsche Bank, PT $44
• LifePoint (LPNT) new market perform at BMO, PT $59
• Macom (MTSI) new neutral at DA Davidson, PT $45
• Mednax (MD) new market perform at BMO, PT $46
• Molina (MOH) new market perform at BMO, PT $70
• Navient (NAVI) new buy at Citi
• OneMain (OMF) new neutral at Citi
• SLM (SLM) new buy at Citi
• Santander Consumer USA (SC) new neutral at Citi
• Sprouts Farmers (SFM) new positive at Susquehanna, PT $23
• Stella-Jones (SJ CN) new outperform at RBC, PT C$56
• TPG RE Finance Trust (TRTX) new neutral at Citi
• United Natural (UNFI) new neutral at Susquehanna, PT $43
• UnitedHealth (UNH) new outperform at BMO, PT $250
• Universal Forest (UFPI) new market perform at BMO, PT $110
• Universal Health (UHS) new outperform at BMO, PT $125
• Wellcare (WCG) new outperform at BMO, PT $215
• WisdomTree (WETF) new buy at Deutsche Bank, PT $13