Top Analyst Upgrades and Downgrades: Carnival, Devon, J.C. Penney, Netflix, Dow Chemical and More

Carnival Corp. (NYSE: CCL) was raised to Equal Weight from Underweight at Morgan Stanley.

Devon Energy Corp. (NYSE: DVN) was raised to Overweight from Equal Weight at Barclays.

Dow Chemical Co. (NYSE: DOW) was raised to Outperform from Market Perform at Wells Fargo.

Campbell Soup Co. (NYSE: CPB) was downgraded to Underperform from Neutral by Credit Suisse, although the price target was raised to $42 from $41 (versus a $44.06 close) in the call.

DirecTV (NASDAQ: DTV) was downgraded to Equal Weight from Overweight by Morgan Stanley.

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General Dynamics Corp. (NYSE: GD) was downgraded to Hold from Buy at Argus after the stock has enjoyed a strong run up.

Iridium Communications Inc. (NASDAQ: IRDM) was raised to Strong Buy from Outperform and given a $10 price target (versus a $7.21 close) by Raymond James.

J.C. Penney Co. Inc. (NYSE: JCP) was downgraded to Underperform from Market Perform and the price range was cut to $5 to $6 from $6 to $7 by Wells Fargo.

LifeLock Inc. (NYSE: LOCK) was downgraded to Neutral from Buy at Goldman Sachs, but the target price was slashed in half — to $12.50 from $25 — in the call.

Molycorp Inc. (NYSE: MCP) was downgraded to Underweight from Equal Weight and given a $2.50 price target (versus a $2.85 close) at Morgan Stanley.

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Netflix Inc. (NASDAQ: NFLX) was started with a rating Buy and given a $421 price target at Topeka Capital Markets.

Smith & Wesson Holding Corp. (NASDAQ: SWHC) was raised to Outperform and the price target was raised to $20 from $13 at Wedbush.