Bon-Ton Stores Inc. (NASDAQ: BONT) was downgraded to Underperform from In-Line and the price target was cut to $4.00 from $6.00 (versus a $6.21 close) at Imperial Capital.
Canadian Natural Resources Ltd. (NYSE: CNQ) was started as Overweight at JPMorgan.
Digital Ally Inc. (NASDAQ: DGLY) was started as Buy with a price target of $20 (versus a $14.59 close) at Roth Capital.
Ericsson (NASDAQ: ERIC) was raised to Buy from Neutral at Citigroup.
Ignite Restaurant Group Inc. (NASDAQ: IRG) was downgraded to Neutral from Buy at UBS.
FedEx Corp. (NYSE: FDX) was started as Neutral at Nomura.
The Fresh Market Inc. (NASDAQ: TFM) was downgraded to Neutral from Overweight at JPMorgan.
Magnum Hunter Resources Corp. (NYSE: MHR) was downgraded to Hold from Buy and the price target was cut to $2 from $3 (versus a $1.91 close).
Occidental Petroleum Corp. (NYSE: OXY) was started as Overweight with a price target of $85 (versus a $76.82 close) at JPMorgan.
Pier 1 Imports Inc. (NYSE: PIR) was started as Buy at Cantor Fitzgerald.
Sage Therapeutics Inc. (NASDAQ: SAGE) was started as Outperform with a $95 price target (versus a $69.65 close) at Cowen.
Semtech Corp. (NASDAQ: SMTC) was downgraded to Sell from Neutral at B. Riley.
Sterling Construction Co. (NASDAQ: STRL) was started as Buy and given a price target of $6.00 (versus a $3.72 close) at Maxim Group.
United Parcel Service Inc. (NYSE: UPS) was started as Neutral at Nomura.
In case you missed out on Wednesday’s top analyst upgrades and downgrades, they included Ambarella, eBay, Rite Aid, TiVo, Yahoo, Valero Energy, Virtu Financial and over a dozen more companies.
In addition, HSBC cut China’s GDP forecast for 2015 to 7.1% from 7.3%.
Credit Suisse lowered earnings estimates for broad U.S. airlines on PRASM, fuel and lower multiples.
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