Top Analyst Upgrades and Downgrades: Coach, Merck, Netflix, Sprint, Twitter and More

ABB Ltd. (NYSE: ABB) was downgraded to Sector Perform from Outperform by RBC Capital Markets.

ARM Holdings PLC (NASDAQ: ARMH) was downgraded to Neutral from Buy at Citigroup.

Beazer Homes USA Inc. (NYSE: BZH) was raised to Buy from Neutral with a $22 price target by Sterne Agee.

Coach Inc. (NYSE: COH) was downgraded to Neutral from Buy at Citigroup. It was maintained as a Hold at Argus.

Frontier Communications Corp. (NASDAQ: FTR) was downgraded to Hold from Buy at Gabelli.

HomeAway Inc. (NASDAQ: AWAY) was raised to Outperform from Market Perform by FBR Capital Markets.

Markwest Energy Partners L.P. (NYSE: MWE) was downgraded to Equal Weight from Overweight and the price target was cut to $70 from $74 by Barclays.

Mercer International Inc. (NASDAQ: MERC) was started as Outperform and a $10 price target by Credit Suisse.

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Merck & Co. Inc. (NYSE: MRK) was reiterated as Buy and the price target was raised to $66 from $62 by Argus.

Nasdaq OMX Group Inc. (NASDAQ: NDAQ) was raised to Outperform from Neutral at Credit Suisse.

Netflix Inc. (NASDAQ: NFLX) was raised to Outperform from Market Perform with a $450 price target at Raymond James.

Power Integrations Inc. (NASDAQ: POWI) was downgraded to Neutral from Buy at Sterne Agee.

QEP Resources Inc. (NYSE: QEP) was downgraded to Equal Weight from Overweight at Barclays.

Sprint Corp. (NYSE: S) was maintained as Underperform but the price target was raised to $6.00 from $5.50 by Credit Suisse. Canaccord Genuity maintained its Neutral rating.

3D Systems Co. (NYSE: DDD) was maintained as Buy but the price target was slashed to $75 from $100 at Canaccord Genuity. Credit Suisse maintained it as Neutral but cut the target price down to $69 from $79 as it believes that elevated expenses will continue to challenge earnings.

Twitter Inc. (NYSE: TWTR) was maintained cautiously and the target was cut to $40 from $45 at Cantor Fitzgerald.

VistaPrint (NASDAQ: VPRT) was downgraded to Hold from Buy at Cantor Fitzgerald.

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