US Top Rating Updates on 2/13: CAT, ENPH, CDNS, AAP and More

Analysts Notebook wrote a column · Feb 13, 2023 06:46

US Top Rating Updates on 2/13: CAT, ENPH, CDNS, AAP and More

Caterpillar Downgraded to Neutral From Outperform at Baird

Baird analyst Mircea Dobre downgraded $Caterpillar (CAT.US)$ to Neutral from Outperform with a price target of $230, down from $290. The analyst believes the shares "are nearing a cyclical pivot point" following the strong recent outperformance.

Advance Auto Parts Downgraded to Neutral From Buy at Roth MKM

Roth MKM analyst David Bellinger downgraded $Advance Auto Parts (AAP.US)$ to Neutral from Buy with a price target of $140, down from $180. The firm says that following an impressive Q4 print from peer O'Reilly Automotive (ORLY), it can no longer dismiss the "serial underperformance" of Advance Auto.

Deutsche Bank Upgrades Masco to Hold, Raises Price Target to $56

Deutsche Bank analyst Joe Ahlersmeyer upgrades $Masco (MAS.US)$ from Sell to Hold and raises the price target from $43 to $56.

$Enphase Energy (ENPH.US)$ $Cadence Design Systems (CDNS.US)$ $Newmont (NEM.US)$

Source: Seeking Alpha, The Fly

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