Top Analyst Upgrades and Downgrades: BlackBerry, ConEd, Enbridge, Halliburton, Rackspace, TransCanada and More

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Stocks were again looking for direction on Wednesday morning, after daily gains galore in the past month. Investors have proven that they will buy stocks if they are overlooked or discounted. In an effort to find new trading and investment ideas, 24/7 Wall St. reviews dozens of analyst research reports from key brokerage firms each morning of the week. Some analyst reports cover stocks to buy, and some cover stocks to sell or avoid.

These are this Wednesday’s top analyst upgrades, downgrades and initiations.

Almost Family Inc. (NASDAQ: AFAM) was raised to Neutral from Underperform at R.W. Baird.

BlackBerry Ltd. (NASDAQ: BBRY) was downgraded to Underweight from Equal Weight at Morgan Stanley.

CF Industries Holdings Inc. (NYSE: CF) was raised to Outperform from Neutral with a $315 price target (versus a $269.69 close) at Credit Suisse.

Columbia Sportswear Co. (NASDAQ: COLM) was raised to Buy from Neutral at Citigroup.

Consolidated Edison Inc. (NYSE: ED) was downgraded to Sell from Neutral at UBS.

Denbury Resources Inc. (NYSE: DNR) was downgraded to Hold from Buy at Wunderlich, after having been downgraded elsewhere too. We just named this as one of 10 stocks that would not be saved by the bull market alone.

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Enbridge Inc. (NYSE: ENB) was raised to Outperform from Neutral at Credit Suisse.

Halliburton Co. (NYSE: HAL) was reiterated as Buy at Argus after the Baker Hughes deal, although the price target was slashed to $64 from $84 in the post-merger views.

Potash Corp. of Saskatchewan Inc. (NYSE: POT) was raised to Outperform from Market Perform and given a $40 price target (versus a $35.40 close) by Raymond James.

Rackspace Hosting Inc. (NYSE: RAX) was started as Overweight with a $52 price target (versus a $42.70 close) at Barclays.

Synchronoss Technologies Inc. (NASDAQ: SNCR) was downgraded to Underperform from Neutral and the price target was cut to $42 from $47 at R.W. Baird.

Total System Services Inc. (NYSE: TSS) downgraded to Sell from Neutral at Goldman Sachs.

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TransCanada Corp. (NYSE: TRP) was raised to Outperform and was added to the Global Focus List at Credit Suisse.

In case you missed Tuesday’s top analyst upgrades and downgrades, they were in shares of AK Steel, Alcoa, Arch Coal, Allergan, Baker Hughes, Electronic Arts, Intel, IBM, Wells Fargo and a dozen or so more.