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Top Analyst Upgrades and Downgrades: Apache, Apple, HP, Qualcomm, Sprouts and More

Stocks have marginally pulled back from their all-time highs early this week. Investors are being told over and over the raging bull market has changed into a stock picker’s market now. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week, looking for new ideas and hidden gems for our readers. Some of the Wall Street research reports from analysts cover stocks to buy, and some of them cover stocks to sell or to avoid.

These are this Thursday’s top Wall Street analyst upgrades, downgrades and initiations.

Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) was raised to Buy from Neutral at UBS. We would caution readers here that this stock has effectively more than doubled over the past five trading sessions, and full details of this call were not available at the time of publishing.

Apache Corp. (NYSE: APA) was reiterated as Buy and the price target was raised to $118 from $103 by Argus, based on investors not realizing the positive asset changes of its portfolio.

Apple Inc. (NASDAQ: AAPL) was reiterated as Outperform at RBC Capital Markets, but the price target was raised to $100 from $96 (versus a $93.86 closing price).

BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) was started with a Buy rating and a $75 price target (versus a $61.56 close) at UBS.

Computer Programs & Systems Inc. (NASDAQ: CPSI) was downgraded to Underweight from Hold with a $55 price target (versus a $65.70 close) by KeyBanc Capital Markets.

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Constellium N.V. (NYSE: CSTM) was started with a Buy rating and $36 price target (versus a $30.43 close) at Sterne Agee.

Foot Locker Inc. (NYSE: FL) was reiterated with a Buy rating and the price target was raised to $60 from $55 (versus a $49.62 close) at Sterne Agee.