
These are this Wednesday’s top analyst upgrades and downgrades.
American Water Works Co. (NYSE: AWK) was raised to Outperform from Neutral at R.W. Baird. This was also started as Buy at Janney Capital Markets on Tuesday.
Aqua America Inc. (NYSE: WTR) was raised to Outperform from Neutral at R.W. Baird. This was also started as Buy at Janney Capital Markets on Tuesday.
Artesian Resources Corp. (NASDAQ: ARTNA) was raised to Outperform from Neutral at RW Baird.
Anheuser-Busch InBev S.A./N.V. (NYSE: BUD) was downgraded to Reduce from Overweight at HSBC.
BreitBurn Energy Partners L.P. (NASDAQ: BBEP) was downgraded to Sell from Neutral at UBS.
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Finish Line Inc. (NASDAQ: FINL) was downgraded to Neutral from Buy at B. Riley.
General Dynamics Corp. (NYSE: GD) was raised to Outperform from Sector Perform with a $152 price target (versus a $135.20 close) at RBC Capital Markets.
Harley-Davidson Inc. (NYSE: HOG) was started as Buy at Stifel.
Host Hotels & Resorts Inc. (NYSE: HST) was downgraded to Reduce from Neutral and was given a $22 price target (versus a $21.15 close) at SunTrust.
iDreamSky Technology Ltd. (NASDAQ: DSKY) was downgraded to Neutral from Overweight and its price target was cut to $9 from $22 at SunTrust. J.P. Morgan cut its rating to Neutral from Overweight and cut its target to $9 as well.
Micron Technology Inc. (NASDAQ: MU) was started as Neutral and was given a $33 price target (versus a $27.96 close) at MKM Partners. Argus maintained its Buy rating and $41 price target, saying to buy the stock on weakness.
Orbital ATK Inc. (NYSE: OA) was downgraded to Market Perform from Outperform at Wells Fargo, but the firm increased its price valuation range to $80 to $85 from $71 to $75 (versus a $79.77 close).
PNM Resources Inc. (NYSE: PNM) was raised to Outperform from Neutral at R.W. Baird.
Sonus Networks Inc. (NASDAQ: SONS) lost almost 34% of its value on Tuesday after entering a severe revenue shortfall. Several downgrades were already seen, but it was also downgraded to Hold from Buy at Wunderlich.
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) was downgraded to Neutral from Buy with an $85 price target (versus a $82.97 close) at SunTrust.
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Tesla Motors Inc. (NASDAQ: TSLA) was downgraded to Underperform from Outperform and the price target was cut to $220 from $275 (versus a $201.72 close) at CLSA.
United Rentals Inc. (NYSE: URI) was started as Outperform at Wells Fargo.
Xcel Energy Inc. (NYSE: XEL) was raised to Outperform from Neutral at RW Baird.
In case you missed Tuesday’s top analyst upgrades and downgrades, they included Atwood Oceanics, Hartford Financial, Kimberly-Clark, MEI Pharma, Sirius XM, Whiting Petroleum and over a dozen more.