ANALYST RECOMMENDATIONS : Applied Industrials, Fastenal, Meggit, Planet Fitness, Krispy Kreme...

Many companies got upgraded by analysts following better-than-expected results such as ON Semiconductor, Old Dominion, XPO Logistics and Watsco. Meggit has accepted Parker-Hannifin's purchase offer of £6.3bn, which is almost 70% higher than Friday’s share price. This sent Meggitt's shares up 56.7%. However, there are still some hurdles to overcome, since the UK government could try to block the deal. As a result, Berenberg cut its recommendation to Hold from Buy.

• Applied Industrials: Loop Capital Markets initiated coverage with a recommendation of buy. PT up 26%
• Epam Systems: Jefferies raised the recommendation on Epam Systems Inc. to buy from hold. PT up 20% set to $670
• Fastenal: Loop Capital Markets initiated coverage  with a recommendation of hold. PT down 5% to $52
• Krispy Kreme : HSBC starts Krispy Kreme at Buy with $25 Price Target
• Magenta Therapeutics: J.P. Morgan cut the recommendation to neutral from overweight. PT down 1.5% to $7
• MSC Industrial: Loop Capital Markets initiated coverage with a recommendation of hold. PT up 5.5% to $92
• Meggit: Berenberg cut the recommendation to hold from buy. PT up 2% to 750 pence
• Old Dominion: Goldman Sachs downgrades to neutral from buy. PT up 5.3% to $281
• On Semi: Morgan Stanley raised the recommendation to equal-weight from underweight. PT down 3.8% to $42
• Planet Fitness: Stifel raised the recommendation to buy from hold. PT up 14% to $85
• Playtech: Morgan Stanley raised the recommendation to equal-weight from underweight. PT up 13% to 420 pence
• XPO Logistics: Goldman Sachs raised the recommendation to buy from neutral. PT up 23% to $103
• Watsco: Loop Capital Markets initiated coverage with a recommendation of hold. PT up 6.7% set to $300
• Wesco: Loop Capital Markets initiated coverage of Wesco International Inc. with a recommendation of buy. PT set to $125, implies a 19% increase from last price. Wesco average PT is $123.82.
• WW Grainger: Loop Capital Markets initiated coverage with a recommendation of buy. PT up 19% to $525