Top Analyst Upgrades and Downgrades: BioMarin, Family Dollar, Lululemon, SunTrust and More

These are this Monday’s top Wall Street analyst upgrades, downgrades and initiations.

Anixter International Inc. (NYSE: AXE) was downgraded to Neutral from Outperform at R.W. Baird.

Arcos Dorados Holdings Inc. (NYSE: ARCO) was raised to Buy from Underperform and given a $14.16 price target (versus a $9.61 close) at Bank of America Merrill Lynch.

BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) was raised to Outperform from Neutral with a $73 price target (versus a $61.74 close) by Credit Suisse.

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Capital One Financial Corp. (NYSE: COF) was raised to Buy from Neutral at Nomura Securities.

Dollar General Corp. (NYSE: DG) was raised to Buy from Hold with a $75 price target (versus a $57.98 close) at Jefferies.

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Enerplus Corp. (NYSE: ERF) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

Family Dollar Stores Inc. (NYSE: FDO) was raised to Buy from Hold with a $79 price target (versus a $60.53 close) at Jefferies. Sterne Agee maintained a Neutral rating despite the Carl Icahn stake disclosure of 9.4%.

Fifth Third Bancorp (NASDAQ: FITB) was maintained as Buy with a $25 price target (versus a $21.33 close) at Sterne Agee.

L Brands Inc. (NYSE: LB) was raised to Perform from Underperform at Oppenheimer, but the stock was given a $56 price target (versus a $59.50 close).

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Lululemon Athletica Inc. (NASDAQ: LULU) was maintained as Buy at Canaccord Genuity, with the idea that the stabilization in comparable store sales should form a base.

Novartis A.G. (NYSE: NVS) was raised to Equal Weight from Underweight by Barclays.

Office Depot Inc. (NYSE: ODP) was featured prominently as a Barron’s turnaround stock.

SunTrust Banks Inc. (NYSE: STI) was raised to Outperform from Market Perform and the price target was put at $46 (versus a $39.64 close) by Keefe Bruyette & Woods.

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Waste Management Inc. (NYSE: WM) was started as Hold with a mere $47 price target by Deutsche Bank.

Zendesk Inc. (NYSE: ZEN) was started with just a Neutral rating at Goldman Sachs. Canaccord Genuity started coverage with a Buy rating and $19 price target. Pacific Crest started coverage as Outperform and with a $20 price target.

We also have the top earnings previews for this week from RadioShack, Ulta Salon, Lululemon and more.