These are this Friday’s top analyst upgrades and downgrades.
Alkermes PLC (NASDAQ: ALKS) was downgraded to Neutral from Buy at Citigroup.
American Eagle Outfitters Inc. (NYSE: AEO) was downgraded to Sell from Neutral with a $12 downside price target (versus a $16.92 close) at Goldman Sachs.
ArcelorMittal (NYSE: MT) was downgraded to Sell from Neutral at Citigroup.
BB&T Corp. (NYSE: BBT) was raised to Outperform from Market Perform at FBR Capital Markets.
Charles Schwab Corp. (NYSE: SCHW) was started as Outperform with a $38 price target (versus a $29.78 close) at RBC Capital Markets.
Cisco Systems Inc. (NASDAQ: CSCO) was started as Neutral at Guggenheim.
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EMC Corp. (NYSE: EMC) was downgraded to Sector Perform from Outperform with a $30 price target (versus a $25.81 close) at Pacific Crest.
E*Trade Financial Corp. (NASDAQ: ETFC) was started as Outperform with a $35 price target (versus a $27.45 close) at RBC Capital Markets.
FireEye Inc. (NASDAQ: FEYE) was started as Market Perform at Raymond James.
GameStop Corp. (NYSE: GME) was downgraded to Neutral from Buy at B. Riley. Sterne Agee maintained its Buy rating but lowered its price target to $45 from $48.
Jazz Pharmaceuticals PLC (NASDAQ: JAZZ) was started as Buy at Citigroup.
Laboratory Corp. of America Holdings (NYSE: LH) was started as Outperform with a $165 price target (versus a $125.80 close) at JMP Securities.
Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Hold with a $55 price target at Canaccord Genuity. The firms says that it is stable but not yet accelerating on comparable sales.
Novavax Inc. (NASDAQ: NVAX) was started as Buy at Citigroup. Guess who was one of the two book-runners for its $175 million stock sale just this week? Novavax was down 5% on Thursday to close at $7.58, but it was a $9.50 stock just on Wednesday.
SanDisk Corp. (NASDAQ: SNDK) was downgraded to Hold from Buy and the price target was cut to $68 from $90 (versus a $66.20 close) at Evercore ISI. SanDisk was slaughtered on Thursday after yet another warning.
SunCoke Energy Partners L.P. (NYSE: SXCP) was raised to Buy from Neutral at Citigroup.
TD Ameritrade Holding Corp. (NYSE: AMTD) was started as Sector Perform at RBC Capital Markets.
Tesla Motors Inc. (NASDAQ: TSLA) was started with a Hold rating at Argus. The firm said that Tesla has strong prospects, but its high valuation warrants caution.
World Acceptance Corp. (NASDAQ: WRLD) was downgraded to Underperform from Neutral at Macquarie.
Yahoo! Inc. (NASDAQ: YHOO) is set to spend another 2 billion for stock buybacks, and one firm said it was a cheap way to buy Alibaba. It was started as Overweight at Morgan Stanley.
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In case you missed Thursday’s top analyst upgrades and downgrades, they were in Apple, ASML, Charles Schwab, GPro, Kraft Foods, Netflix, Red Hat and about a dozen more companies.
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