Top Analyst Upgrades and Downgrades: Best Buy, Costco, PetSmart, Target and More

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

Advance Auto Parts Inc. (NYSE: AAP) was started as Overweight with a $150 price target at Morgan Stanley.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) was started as Underweight at Morgan Stanley.

Best Buy Co. (NYSE: BBY) was started with an Overweight rating and $36 price target at Morgan Stanley.

Cabot Oil & Gas Corp. (NYSE: COG) was downgraded to Equal Weight from Overweight by Morgan Stanley.

Costco Wholesale Corp. (NASDAQ: COST) was started as Overweight with a $135 price target by Morgan Stanley.

Ctrip.com International Ltd. (NASDAQ: CTRP) was downgraded to Hold from Buy at Stifel based on lower commissions paid by airlines; shares were indicated down 5%.

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Cyberonics Inc. (NASDAQ: CYBX) was started with a Buy rating and $65 price target at Sterne Agee.

Dr. Pepper Snapple Group Inc. (NYSE: DPS) was downgraded to Neutral from Buy at Citigroup.

IDEXX Laboratories Inc. (NASDAQ: IDXX) was raised to Buy from Hold and the price target was raised to $148 from $116 at Canaccord Genuity. The call is based on valuation compared to peers.

National Retail Properties Inc. (NYSE: NNN) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.

PetSmart Inc. (NASDAQ: PETM) was started with an Underweight rating at Morgan Stanley, just a day after the stock popped 5% on a Barron’s recovery story.

Sally Beauty Holdings Inc. (NYSE: SBH) was started as Overweight and given a $30 price target at Morgan Stanley.

Target Corp. (NYSE: TGT) was started with Underweight rating and $60 price target at Morgan Stanley.

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Web.com Group Inc. (NASDAQ: WWWW) was downgraded to Neutral from Buy at B. Riley.

Williams-Sonoma Inc. (NYSE: WSM) was started as Overweight and given an $82 price target at Morgan Stanley.

In case you missed Monday’s top analyst upgrades and downgrades, they included AMD, Dish Network, Facebook, Nordstrom, SunPower and more.