CIT Group Inc. (NYSE: CIT) was started as Underperform with a $44 price target (versus a $45.11 close) at Macquarie.

Cepheid (NASDAQ: CPHD) was started as Outperform at Wells Fargo.

Dick’s Sporting Goods Inc. (NYSE: DKS) was maintained as Buy with a $55 price target (versus a $46.46 close) at Argus.

Discover Financial Services (NYSE: DFS) was started as Outperform at Macquarie.

FedEx Corp. (NYSE: FDX) was reiterated as Buy and the price target was raised to $169 from $162 (versus a $151.32 close) at Argus.

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Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) was started as Overweight by HSBC Securities.

Lumber Liquidators Holdings Inc. (NYSE: LL) saw a 20% stock drop after it lowered its full-year guidance. The stock was downgraded to Hold from Buy at Jefferies and to Neutral from Outperform at Credit Suisse. Canaccord Genuity sliced its price target to $100 from $122.

MB Financial Inc. (NASDAQ: MBFI) was raised to Buy from Neutral at Sterne Agee.

PrivateBancorp Inc. (NASDAQ: PVTB) was started as Buy with a $35 price target (versus a $29.25 close) at Sterne Agee.

TCF Financial Corp. (NYSE: TCB) was raised to Buy from Neutral at Sterne Agee.

Tractor Supply Co. (NASDAQ: TSCO) was raised to Outperform from Neutral at Credit Suisse, despite slightly lower guidance. Shares were indicated down 4% in early trading.

UnitedHealth Group Inc. (NYSE: UNH) was downgraded to Hold from Buy at Jefferies.

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Wednesday’s top analyst upgrades and downgrades included shares of Alcoa, BP, Broadcom, Garmin, Gigamon, KKR, Marvell, KLA-Tencor, Potash, Zillow and many more.