Top Analyst Upgrades and Downgrades: Garmin, IMAX, Micron, Kimberly-Clark, P&G and More

Other Key Analyst Upgrades, Downgrades and Initiations for Thursday

Agile Therapeutics Inc. (NASDAQ: AGRX) was started as Outperform with a $17 price target (versus a $9.40 close) at FBR Capital Markets. The consensus target is also at $17, and the highest analyst target is $20.

Coty Inc. (NYSE: COTY) was downgraded to Market Perform from Outperform with a target price of $24 (versus a $24.21 close) at BMO Capital Markets.

Deckers Outdoor Corp. (NYSE: DECK) was started as Buy with an $85 price objective (versus a $79.80 close) at Bank of America Merrill Lynch.

Dick’s Sporting Goods Inc. (NYSE: DKS) was raised to Positive from Neutral at Susquehanna.

Infinera Corp. (NASDAQ: INFN) was downgraded to Neutral from Buy, but the price target was raised to $22 from $19 (versus a $19.33 close), at Goldman Sachs.

Lion Biotechnologies Inc. (NASDAQ: LBIO) was started as Outperform at FBR Capital Markets.

Macerich Co. (NYSE: MAC) was raised to Neutral from Sell, but the price target was cut to $80 from $84, at UBS. Credit Suisse raised its rating to Neutral from Underperform.

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Mosaic Co. (NYSE: MOS) was raised to Sector Perform from Underperform with a $47 target (versus a $45.47 close) at CIBC.

Mueller Water Products Inc. (NYSE: MWA) was started as Outperform with a $12 price target (versus a $9.86 close) at Oppenheimer.

Steven Madden Ltd. (NASDAQ: SHOO) was raised to Overweight from Neutral with a $43 price target (versus a $37.49 close) at Piper Jaffray.

Stryker Corp. (NYSE: SYK) was downgraded to Underweight from Equal Weight at Barclays.

Targa Resources Corp. (NYSE: TRGP) was reinstated with a Buy rating at Citigroup.

Targa Resources Partners L.P. (NYSE: NGLS) was reinstated with a Neutral rating at Citigroup.

TrueCar Inc. (NASDAQ: TRUE) was started as Sell with a $10 price target (versus a $17.00 close) at B. Riley. Shares are indicated 3% lower on the call, with no other news seen.

Williams Companies Inc. (NYSE: WMB) was maintained as Buy at Argus, but the firm lowered its price target to $58 from $61 (versus a $50.05 close).

World Point Terminals L.P. (NYSE: WPT) was raised to Buy from Neutral at Merrill Lynch. This is just two days after Credit Suisse cut its rating to Underperform from Outperform and cut the price target to $19 from $24, and it is three days after Stifel cut its rating to Hold from Buy.

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In case you missed Wednesday’s top analyst upgrades and downgrades, they included Alibaba, Altera, Dyax, Hewlett-Packard, Kinder Morgan, Michael Kors, Staples, Twitter and a dozen or so more.