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Top Analyst Upgrades and Downgrades: Aegerion, Amazon, EMC, McDonald's, MetLife, Microsoft, SanDisk, Tyco and More

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Stocks were indicated higher on Wednesday after Tuesday’s minor recovery that broke the losing streak for stocks. Some excitement is around Mario Draghi and ECB quantitative easing expectations, but the reality here is that investors just keep showing that they want to buy stocks on pullbacks and when value propositions arise. 24/7 Wall St. reviews dozens of analyst reports each day to find new ideas for its readers. Some analyst reports cover stocks to buy, and other analyst calls cover stocks to sell or avoid. These are this Wednesday’s top analyst upgrades, downgrades and initiations.

Aegerion Pharmaceuticals Inc. (NASDAQ: AEGR) was raised to Neutral from Underperform and the price objective was cut to $13 from $21 (versus a $10.64 prior close, after an 18.9% drop) at Bank of America Merrill Lynch. Shares closed at $13.12 on Monday, but it was at $16.36 last Friday.

Amazon.com Inc. (NASDAQ: AMZN) was reiterated as Overweight at Morgan Stanley, but the price target was raised to $800 (versus a $659.68 close). The stock has a consensus analyst price target of $720.11 and a 52-week trading range of $285.25 to $662.26.

EMC Corp. (NYSE: EMC) was downgraded to Market Perform from Outperform at Wells Fargo. EMC has a consensus analyst price target of $29.81 and a 52-week range of $22.66 to $30.92. More concerns over how the Dell buyout will go are in the air.

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McDonald’s Corp. (NYSE: MCD) was reiterated as Outperform and the $118 price target was raised to $128 (versus a $113.22 close) at Credit Suisse. The firm feels that McDonald’s will keep customers and investors alike engaged in the company.

MetLife Inc. (NYSE: MET) was downgraded to Equal Weight from Overweight and the price target was cut to $56 from $58 (versus a $50.77 close) at Morgan Stanley. MetLife has a consensus price target of $57.67 and a 52-week range of $44.49 to $58.23.

Microsoft Corp. (NASDAQ: MSFT) was reiterated as Buy at CLSA, and the firm raised its price target to $60 (versus a $53.51 close). Microsoft has a consensus price target of $54.87 and a 52-week range of $39.72 to $54.98.

SanDisk Corp. (NASDAQ: SNDK) was downgraded to Market Perform from Outperform with a price target of $86.50 (versus a $75.70 close) at Bernstein. SanDisk was noted Tuesday as an Apple supply chain loser, but it is also being acquired by Western Digital.

Tyco International PLC (NYSE: TYC) was raised to Overweight from Neutral with a $48.00 price target (versus a $36.72 close) at JPMorgan. Tyco’s consensus analyst price target is $40.81 and its 52-week range is $33.06 to $44.84.

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Other key analyst upgrades and downgrades seen Wednesday were seen in shares of the following:

Activision Blizzard Inc. (NASDAQ: ATVI) was reiterated as Buy and the price target was raised to $41 from $34 at Argus, with the boost coming from the addition of earnings and sales from the King Digital acquisition.

Albemarle Corp. (NYSE: ALB) was started as Neutral with a $54 price target (versus a $49.58 close) at UBS.

Arch Capital Group Ltd. (NASDAQ: ACGL) was started as Neutral and was assigned a $70 price target (versus a $74.46 close) at Nomura.

AstraZeneca PLC (NYSE AZN) saw its earnings forecasts raised, on the heels of its ZS Pharma buyout, by Deutsche Bank.

Eaton Corp. (NYSE: ETN) was downgraded to Hold from Buy at Argus.

Hain Celestial Group Inc. (NASDAQ: HAIN) was reiterated as Buy art Argus with a $78.00 price target (versus a $45.26 close), noting that the sell-off has provided a buying opportunity.

Lennox International Inc. (NYSE: LII) was downgraded to Neutral from Overweight at JPMorgan.

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Metaldyne Performance Group (NYSE: MPG) was downgraded to Equal Weight from Overweight with a $23 price target (versus a $22.35 close) at Barclays.

Perceptron Inc. (NASDAQ: PRCP) was started as Outperform with an $11 price target (versus a $7.32 close) at FBR Capital Markets.

Pure Storage Inc. (NYSE: PSTG) was started as Neutral with a $20 price target (versus a $17.40) at Sterne Agee CRT.

Rex Energy Corp. (NASDAQ: REXX) was downgraded to Market Perform from Outperform and the price target was slashed to $2.75 from $5.00 (versus a $2.32 close) at Northland Securities.

Rice Energy Inc. (NYSE: RICE) was downgraded to Neutral from Buy and its price target was cut to $18 from $23 (versus a $15.80 close) at Goldman Sachs.

Rockwell Automation Inc. (NYSE: ROK) was downgraded to Underperform from outperform at CLSA.

Service Corp. International (NYSE: SCI) was started as Outperform with a $31 price target (versus a $26.36 close) at Oppenheimer.

SVB Financial Group (NASDAQ: SIVB) was raised to Overweight from Equal Weight with a $152 price target (versus a $136.15 close) at Morgan Stanley.

Time Warner Cable Inc. (NYSE: TWC) was started as Neutral with a $202 price target (versus a $189.31 close) at SunTrust Robinson Humphrey.

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On Tuesday we had six key earnings losers that created huge stock drops, and there were 4 big gainers after earnings as well. Also, here are the 4 DJIA stocks that held the Dow down from larger gains on Tuesday.

If you missed Tuesday’s top analyst calls, they include AbbVie, Apple, Autodesk, JD.com, CyberArk, Dean Foods, Walt Disney and over a dozen more companies.

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