Here are Wednesday’s leading analyst upgrades, downgrades and initiations from top research calls from around Wall Street.
ARM Holdings PLC (NASDAQ: ARMH) was raised to Buy at Citigroup.
ASML Holding N.V. (NASDAQ: ASML) was downgraded to Neutral at Citigroup.
Energy Transfer Equity L.P. (NYSE: ETE) was raised to Outperform from Neutral at Credit Suisse.
Exxon Mobil Corp. (NYSE: XOM) was raised to Outperform from Market Perform at Wells Fargo.
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Hershey Co. (NYSE: HSY) was downgraded to Neutral from Overweight at J.P. Morgan.
Lowe’s Companies Inc. (NYSE: LOW) was raised to Overweight from Equal Weight at Morgan Stanley.
Metaldyne Performance Group Inc. (NYSE: MPG) was started at Baird with an Outperform rating and a $24 price target. Shares closed trading Tuesday at $17.03, down over 5%.
Paycom Software Inc. (NASDAQ: PAYC) was started at Outperform at Credit Suisse with a $30 price target. The stock closed Tuesday at $23.24.
Ruckus Wireless Inc. (NYSE: RKUS) was raised to Outperform from Market Perform at Northland Capital.
Sarepta Therapeutics Inc. (NASDAQ: SRPT) was downgraded to Neutral from Outperform at Wedbush.
Under Armour Inc. (NYSE: UA) was raised to Outperform from Market Perform at Telsey Advisory Group, which lifted its price target for the stock to $79 from $73. Shares ended the trading day Tuesday at $65.47.
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Verizon Communications Inc. (NYSE: VZ) was downgraded to Equal Weight from Overweight at Barclays.
Wal-Mart Stores Inc. (NYSE: WMT) was downgraded to Equal Weight from Overweight at Morgan Stanley.
Whole Food Market Inc. (NASDAQ: WFM) was raised to Buy from Neutral at Sterne Agee.
Tuesday’s top analyst upgrades and downgrades included Altria, Bank of America, Intel, SanDisk, T-Mobile, Time Warner, Viacom and more.
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