These are this Wednesday’s top analyst upgrades, downgrades and initiations.
American Airlines Group Inc. (NASDAQ: AAL) downgraded to Neutral from Outperform with a $65 price target (versus a $52.70 close) at Credit Suisse.
AOL Inc. (NYSE: AOL) was downgraded to Market Perform from Outperform at Wells Fargo.
Caterpillar Inc. (NYSE: CAT) was raised to Neutral from Underweight at J.P. Morgan. While that is a contrarian call, Caterpillar was downgraded to Neutral from Buy at Longbow Research and was also downgraded to Underweight at Atlantic Equities.
Goodyear Tire & Rubber Co. (NYSE: GT) was downgraded to Neutral from Buy with a $28 price target (versus a $25.28 close) at SunTrust Robinson Humphrey.
Southwest Airlines Co. (NYSE: LUV) was raised to Outperform from Neutral and the price target was raised to $62 from $48 (versus a $45.88 close) at Credit Suisse.
Synchrony Financial (NYSE: SYF) was started as Positive with a $38 price target (versus a $31.32 close) at Susquehanna.
Yahoo! Inc. (NASDAQ: YHOO) was reiterated as Buy and the price target was raised to $61 after earnings and the Alibaba spin-off plans. A boutique firm called CRT Capital also raised its rating to Buy from what they called “Fair Value.” Cowen raised its target to $60. Yahoo shares were up almost 7% at $51.30 in early bird indications.
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Other top analyst upgrades, downgrades and initiations were seen in shares of the following companies:
Agios Pharmaceuticals Inc. (NASDAQ: AGIO) was downgraded to Neutral from Buy at Citigroup.
E.I. du Pont de Nemours and Co. (NYSE: DD) was downgraded to Neutral from Overweight at J.P. Morgan.
Express Scripts Holding Co. (NASDAQ: ESRX) was downgraded to Market Perform from Outperform at FBR Capital Markets.
Freescale Semiconductor Ltd. (NYSE: FSL) was raised to Strong Buy from Buy at Needham.
National Oilwell Varco Inc. (NYSE: NOV) was downgraded to Underperform from Neutral and the price target was slashed to $43 from $60 (versus a $57.70 close) at Credit Suisse.
ONEOK Partners L.P. (NYSE: OKS) was downgraded to Neutral from Buy at Citigroup.
Tesoro Corp. (NYSE: TSO) was downgraded to Neutral from Buy at Citigroup.
Ultra Petroleum Corp. (NYSE: UPL) was downgraded to Sell from Neutral with an $11 price target (versus a $13.65 close) at Goldman Sachs.
VMware Inc. (NYSE: VMW) was down marginally after earnings. The virtualization leader was downgraded to Hold from Buy at Needham. Also, FBR Capital Markets lowered its target to $96 from $103 (versus a $80.61 close).
In case you missed Tuesday’s top analyst upgrades, downgrades and initiations, they were in shares of ADT, Microsoft, 3D Systems, Tesla, Yelp and a dozen or so other stocks.
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