Top Analyst Upgrades and Downgrades: Chipotle, CSX, GoPro, Intel, Nike, Staples, Starbucks and More

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

Akorn Inc. (NASDAQ: AKRX) was started as Overweight with a $61 price target (versus a $51.85 close) at JPMorgan.

Ameriprise Financial Inc. (NYSE: AMP) was raised to Overweight from Equal Weight at Morgan Stanley.

Builders FirstSource Inc. (NASDAQ: BLDR) was raised to Buy from Neutral with a $19 price target (versus a $13.59 close) at Sterne Agee.

Chipotle Mexican Grill Inc. (NYSE: CMG) was started as Outperform with a $775 target price (versus a $667.85 close) at Cowen.

Cimarex Energy Co. (NYSE: XEC) was started as Neutral with a price target of $125 (versus a $127.01 close) at Goldman Sachs. Macquarie downgraded it to Neutral from Outperform. Stifel has a Buy rating but changed the price target to $150 from $130.

ALSO READ: 4 Tech Stocks Goldman Sachs Says to Sell

CSX Corp. (NYSE: CSX) was reiterated as Buy and the price objective was raised to $38 from $37 at Bank of America Merrill Lynch.

Denbury Resources Inc. (NYSE: DNR) was started as Sell with a $6 price target (versus a $8.86 close) at Goldman Sachs.

GoPro Inc. (NASDAQ: GPRO) was raised to Overweight at Piper Jaffray.

Hi-Crush Partners L.P. (NYSE: HCLP) was downgraded to Neutral from Outperform at R.W. Baird.

Intel Corp. (NASDAQ: INTC) was reiterated as Buy and the price target was raised to $36 from $35 at Topeka Capital Markets. RBC raised its rating to Outperform from Market Perform. Wedbush raised its rating to Outperform from Neutral with a $37 price target. Cowen stuck with its Market Perform rating and lowered the target to $33 from $36. Credit Suisse maintained its Outperform rating and $40 target.

Johnson & Johnson (NYSE: JNJ) was reiterated Buy with a $116 price target (versus a $100.52 close) at Argus.

Laredo Petroleum Inc. (NYSE: LPI) was started as Neutral and with a $15 price target (versus $14.21 close) at Credit Suisse.

ALSO READ: Over Half of DJIA Stocks Outyield 30 Year Treasury

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) was downgraded to Reduce from Hold at BNP Paribas.

Nike Inc. (NYSE: NKE) was raised to Overweight from Neutral at Piper Jaffray.

Rosetta Resources Inc. (NASDAQ: ROSE) was downgraded to Underperform from Neutral at Macquarie.

Staples Inc. (NASDAQ: SPLS) was raised to Buy from Hold with a $21 price target at BB&T Capital Markets.

Starbucks Corp. (NASDAQ: SBUX) was started as Outperform with a $56 price target (versus a $48.30 close) at Cowen.

Symantec Corp. (NASDAQ: SYMC) was maintained as Outperform with a $30 price target (versus a $23.81 close) at Credit Suisse, with a comment that Veritas could be worth $8.8 billion.

ULTA Salon, Cosmetics & Fragrance Inc. (NASDAQ: ULTA) was raised to Overweight from Neutral with a $170 price target (versus a $152.01 close) at Piper Jaffray.

Vale S.A. (NYSE: VALE) was downgraded to Neutral from Overweight at JPMorgan.

Wells Fargo & Co. (NYSE: WFC) was reiterated as Buy and with a $60 price target (versus a $54.19 close) at Jefferies.

ALSO READ: Under Armour Becoming the Apple of Apparel

Western Digital Corp. (NASDAQ: WDC) was started as Buy with a $131 price target (versus a $96.16 close) at Maxim Group.

In case you missed Tuesday’s top analyst upgrades, downgrades and initiations, they included Apple, AMC Networks, BP, LendingClub, Monster Beverage, Seagate Technology and about a dozen or so more.