These are this Tuesday’s top analyst upgrades, downgrades and initiations from Wall Street firms.
AcelRx Pharmaceuticals Inc. (NASDAQ: ACRX) already took at least one downgrade on Monday as its stock fell 41% after the FDA rejected its pain device. Now on Tuesday it was downgraded to Neutral from Overweight at Piper Jaffray.
Alcoa Inc. (NYSE: AA) was reiterated as Buy and the price target was raised to $20 from $17 at Goldman Sachs.
Allstate Corp. (NYSE: ALL) was downgraded to Market Perform from Outperform at William Blair.
Biogen Idec Inc. (NASDAQ: BIIB) was reiterated as Buy and its price target was raised to $385 from $360 (versus a $336.39 close) at Argus.
Boston Scientific Corp. (NYSE: BSX) was started as Neutral at Sterne Agee.
BreitBurn Energy Partners L.P. (NASDAQ: BBEP) was downgraded to Neutral from Buy at Citigroup.
CoreLogic Inc. (NYSE: CLGX) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods.
Costco Wholesale Corp. (NASDAQ: COST) was raised to the prized Conviction Buy List at Goldman Sachs. The prior rating was Neutral, and the firm raised its price target to $136 from $117 (versus a $117.12 close).
Dollar Tree Inc. (NASDAQ: DLTR) was downgraded to Market Perform from Outperform at BMO Capital Markets after its deal news.
Family Dollar Stores Inc. (NYSE: FDO) was raised to Neutral from Underweight at Piper Jaffray.
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Ferrellgas Partners L.P. (NYSE: FGP) was raised to Neutral from Sell at Citigroup.
Lululemon Athletica Inc. (LULU: NASDAQ) was maintained as Hold with a $42 price target at Canaccord Genuity. The firm simply said that a leveraged buyout (LBO) appears to be a long way off.
MarkWest Energy Partners L.P. (NYSE: MWE) was raised to Buy from Hold at Wunderlich, and the price target is now $83 (versus a $72.02 close).
Provident Financial Services Inc. (NYSE: PFS) was raised to Buy from Neutral at Sterne Agee after a recent deal and on solid organic growth. Its new price target is $19 (versus a $16.56 close).
Sally Beauty Holdings Inc. (NYSE: SBH) was raised to Buy from Neutral at Citigroup.
Trulia Inc. (NYSE: TRLA) was downgraded to Hold from Buy at Needham, and it was downgraded to Hold from Buy at Deutsche Bank.
Wal-Mart Stores Inc. (NYSE: WMT) was downgraded to Neutral from Buy with an $83 price target (versus a $75.71 close) at Goldman Sachs.
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In case you missed Monday’s top analyst upgrades and downgrades, they included Cisco Systems, CIT, Juniper Networks, Pfizer, Xerox and about a dozen more companies.
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