Top Analyst Upgrades and Downgrades: Akamai, Facebook, Garmin, Waste Management and More

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Stocks were firm yet again on Wednesday, after the S&P 500 hit 2,000 for the first time this week, and with the DJIA having hit a record. Investors are still looking for value and individual story stocks that may have been overlooked. 24/7 Wall St. reviews dozens of analyst research reports each morning of the week for new investment and trading ideas for our readers. Some of these reports cover stocks to buy, while other reports cover stocks to sell or stocks to avoid.

These are this Wednesday’s top analyst upgrades and downgrades from 24/7 Wall St.

Akamai Technologies Inc. (NASDAQ: AKAM) started as Outperform with a $71 price target at Robert W. Baird.

Alcobra Ltd. (NASDAQ: ADHD) was started as Market Perform with a $23 price target at FBR Capital Markets.

Axcelis Technologies Inc. (NASDAQ: ACLS) was started as Buy with a $3 price target at Stifel.

Bank of Nova Scotia (NYSE: BNS) was downgraded to Neutral from Outperform at Credit Suisse.

China Distance Education Holdings Ltd. (NYSE: DL) was started as Neutral at Credit Suisse.

Facebook Inc. (NASDAQ: FB) was downgraded to Neutral from Buy with an $82.50 price target at Janney Capital Markets.

Garmin Ltd. (NASDAQ: GRMN) was started as Neutral with a $59 price target at Robert W. Baird.

Laredo Petroleum Inc. (NYSE: LPI) was cut to Hold from Buy at Canaccord Genuity.

New Oriental Education & Technology Group Inc. (NYSE: EDU) was started as Outperform at Credit Suisse.

STMicroelectronics N.V. (NYSE: STM) was started as Underperform at Credit Suisse.

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Susser Petroleum Partners L.P. (NYSE: SUSP) was downgraded to Market Perform from Outperform at Wells Fargo.

Tim Hortons Inc. (NYSE: THI) was raised to Neutral from Underperform at Credit Suisse.

Waste Management Inc. (NYSE: WM) was raised to Buy from Hold with a $55 price target at Stifel.

If you missed Tuesday’s top analyst upgrades and downgrades, they included Cray, Enphase, Goldman Sachs, InterMune, Melco Crown, Mobileye, SunEdison and more.