(By Balachander) A number of stocks were upgraded, downgraded and price targets changed by equities research analysts on Monday:
Lowe's Companies Inc. (NYSE:LOW):BofA/Merrill upgraded the stock to "buy" from "neutral". Nomura raised price target on the stock to $38 from $32. The stock traded at $31.71, 1.70 percent higher.
Sprint Nextel Corp. (NYSE:S):Jefferies upgraded shares of S to "hold" from "underperform".
SanDisk Corp. (NASDAQ:SNDK): Wedbush upgraded the stock to "outperform" from "neutral" and increased price target to $49 from $39. Jefferies raised PT to $51 from $46. Shares rose 2.50 percent to $43.34 in early trade on Monday.
New Oriental Education & Tech Grp (NYSE:EDU): Oppenheimer upgraded the stock to "outperform" from "perform". RW Baird raised PT to $19 from $14. U.S.-listed shares of EDU jumped 9.68 percent to trade at $18.78.
Travelzoo Inc. (NASDAQ:TZOO): Ascendiant Capital downgraded to stock to "neutral" from "buy". Benchmark lowered PT to $20 from $24. Shares shed 2.00 percent ot trade at $19.57.
Cree Inc. (NASDAQ:CREE): Cantor Fitzgerald reduced price target on the stock to $42 from $46. The stock rose 1.19 percent to trade at $25.39.