These are this Wednesday’s top analyst upgrades and downgrades.
Angie’s List Inc. (NASDAQ: ANGI) was downgraded to Neutral from Buy and the price target was slashed to $6.75 from $12.50 (versus a $6.07 close) at B. Riley.
Almost Family Inc. (NASDAQ: AFAM) was downgraded to Neutral from Outperform with a price target of $48 (versus a prior $44 price target and a $47.76 close) at R.W. Baird.
Annaly Capital Management Inc. (NYSE: NLY) was downgraded to Underperform from Market Perform and the price target was cut to $10 from $12 (versus a $10.42 close) at FBR Capital Markets.
Apple Inc. (NASDAQ: AAPL) received its first downgrade in a while. Societe Generale cut Apple to Hold from Buy based on Apple nearing its $130 price target. Another concern is how Apple can replicate the success of its iPhone 6 model when it has another upgrade later this year — and there is a concern that currency headwinds could cap its revenues.
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Cinemark Holdings Inc. (NYSE: CNK) was downgraded to Neutral from Buy with a $44 fair value target at Janney Capital Markets.
Cummins Inc. (NYSE: CMI) was downgraded to Neutral from Buy and given a $155 price target (versus a $136.76 close) at Goldman Sachs.
Crestwood Equity Partners L.P. (NYSE: CEQP) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.
Dealertrack Technologies Inc. (NASDAQ: TRAK) was started as Neutral with a $44 price objective at Merrill Lynch.
Energous Corp. (NASDAQ: WATT) was started as Buy with a $15 price target (versus a $8.71 close) at Roth Capital. This is even a higher target than the very bullish call seen from Oppenheimer last month.
Energy Transfer Equity L.P. (NYSE: ETE) was started on the Conviction Buy List with an $86 price target (versus a $63.28 close) at Goldman Sachs.
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Health Care REIT Inc. (NYSE: HCN) was started as Outperform and a price target of $86 (versus a $78.12 close) at BMO Capital Markets.
Jabil Circuit Inc. (NYSE: JBL) was raised to Outperform from Market Perform with a $27 price target (versus a $23.25 close) by Raymond James.
Lululemon Athletica Inc. (NASDAQ: LULU) was raised to Buy from Neutral with a $77 price target (versus a $66.41 close) at Sterne Agee.
Qualys Inc. (NASDAQ: QLYS) was raised to Buy from Hold with a price target of $61 (versus a $46 prior target and a $49.08 close) at Topeka Capital Markets.
Regal Entertainment Group (NYSE: RGC) was downgraded to Neutral from Buy at Janney Capital Markets.
Trina Solar Ltd. (NYSE: TSL) was downgraded to Neutral from Buy at Merrill Lynch.
Verastem Inc. (NASDAQ: VSTM) was started as Buy with a price target of $16.00 (versus a $9.92 close) at HC Wainwright.
Visteon Corp. (NYSE: VC) was raised to Overweight from Equal Weight and the price target was raised to $121 from $107 (versus a $98.16 close) at Barclays.
WebMD Health Corp. (NASDAQ: WBMD) was downgraded to Sell from an already cautious Neutral rating at Goldman Sachs.
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Xerox Corp. (NYSE: XRX) was raised to Buy from Neutral with a $15 price target (versus a $12.96 close) at Citigroup. The report talks up the company’s M&A efforts to buy more services revenues, and the weakness in 2015 has created a value proposition.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) was downgraded to Underperform from Neutral at Merrill Lynch.
Zendesk Inc. (NYSE: ZEN) was started with a Buy rating and was given a $28 price target (versus a $22.50 close) at Merrill Lynch.
In case you missed Tuesday’s top upgrades and downgrades, they were in shares of American Express, BIND Therapeutics, Devon Energy, General Motors, Novavax, Toyota and over a dozen more companies.
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