Anadarko Petroleum Corp. (NYSE: APC) was downgraded to Perform from Outperform at Oppenheimer. Anadarko closed at $65.55 per share, has a consensus price target of $86.31 and has a 52-week trading range of $58.10 to $95.94.
Buffalo Wild Wings Inc. (NASDAQ: BWLD) was downgraded to Market Perform from Outperform at Wells Fargo. CLSA downgraded it to Underperform from Buy. Shares were indicated down 15% at $156.50 after a poor earnings report.
GoPro Inc. (NASDAQ: GPRO) was downgraded to Underweight from Neutral and the price target was cut to $20 from $25 (versus $30.21 prior close, but $24.85 post-earnings indications) at Piper Jaffray. GoPro had a 52-week range of $26.68 to $87.50.
LifeLock Inc. (NYSE: LOCK) was surging after earnings and after ending its suits against it, rising to $13.50 from a $9.69 close. Wunderlich raised its rating to Buy from Hold and raised its target price to $19 from $9.50. Dougherty raised its rating to Buy from Neutral as well.
Rite Aid Corp. (NYSE: RAD) was downgraded to Neutral from Buy with a $9.00 price target at Goldman Sachs. Credit Suisse lowered its rating to Neutral from Outperform, and the price target was cut to $9 from $10. Rite Aid closed at $8.06 over merger review concerns, and the deal may undervalue Rite Aid on a fundamental basis.
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SunPower Corp. (NASDAQ: SPWR) was reiterated as Neutral with a $23.00 fair value estimate (versus a $23.78 close) at Janney Capital Markets. Shares were last seen up 6% at $26.25 after news of selling projects and after earnings. It has a consensus price target of $36.71 and a 52-week range of $18.25 to $35.11.
Other key analyst upgrades, downgrades and initiations were seen in the following Thursday morning:
Cavium Inc. (NASDAQ: CAVM) was downgraded to Hold from Buy at Stifel.
Diageo PLC (NYSE: DEO) was raised to Outperform from Neutral at Credit Suisse.
Diamond Foods (NASDAQ: DMND) was downgraded to Market Perform from Outperform but the price target was raised to $40 from $35 (based on merger news) at BMO Capital Markets.
Garmin Ltd. (NASDAQ: GRMN) was downgraded to Sell from Neutral at Citigroup.
HealthSouth Corp. (NYSE: HLS) was downgraded to Hold from Buy at Stifel.
Novadaq Technologies Inc. (NASDAQ: NVDQ) was raised to Overweight from Equal Weight with a $15 price target (versus an $11.16 close) at First Analysis.
PayPal Holdings Inc. (NASDAQ: PYPL) was reiterated as Buy with a $44.00 price target at Jefferies. The firm even said it was surprised that shares traded lower after earnings and guidance.
Realty Income Corp. (NYSE: O) was downgraded to Sell from Neutral with a $46.00 price target (versus a $50.60 close) at UBS.
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Rio Tinto PLC (NYSE: RIO) was reiterated as Market Perform and the price target was cut to $40 from $48 at Cowen.
Silicon Laboratories Inc. (NASDAQ: SLAB) was downgraded to Market Perform from Outperform at William Blair.
SINA Corp. (NASDAQ: SINA) was downgraded to Neutral from Buy at Citigroup. Shares closed at $48.35 and have a 52-week range of $31.92 to $61.25.
Steiner Leisure Ltd. (NASDAQ: STNR) was downgraded to Hold from Buy at Stifel.
Synchronoss Technologies Inc. (NASDAQ: SNCR) was raised to Strong Buy from an already-positive Outperform rating at Raymond James.
Teradyne Inc. (NYSE: TER) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.
Veeco Instruments Inc. (NASDAQ: VECO) was downgraded to Neutral from Overweight and the price target was cut to $23 from $32 (versus a $20.82 close) at JPMorgan.
In case you missed Wednesday’s top analyst upgrades and downgrades, they included Akamai Technologies, Apple, Devon Energy, GrubHub, JetBlue Airways, Kroger, Twitter, UBS, Yelp and many more companies.
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