These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Eli Lilly & Co. (NYSE: LLY) was downgraded to Equal Weight from Overweight, but the price target was raised to $93 from $85 (versus an $88.76 close) at Morgan Stanley. Eli Lilly has a consensus price target of $86.00, lower than the current price, and a 52-week trading range of $60.14 to $90.18.
Hertz Global Holdings Inc. (NYSE: HTZ) was raised to Buy from Hold at Deutsche Bank, and the price target was raised to $24 from $22 (versus a $17.09 close). Hertz has a consensus price target of $24.67 and a 52-week range of $16.65 to $31.61.
LinkedIn Corp. (NYSE: LNKD) was raised to Overweight from Equal Weight and the price target was raised to $250 from $225 (versus a $213.88 close) at Barclays. LinkedIn has a consensus price target of $253.78 and a 52-week range of $156.30 to $276.18.
NetApp Inc. (NASDAQ: NTAP) was raised to Sector Weight from Underperform at Pacific Crest. NetApp has a consensus price target of $34.14 and a 52-week range of $30.26 to $43.75.
SINA Corp. (NASDAQ: SINA) was downgraded to Hold from Buy, but the price target raised to $50 from $47 (versus a $45.08 close) at Deutsche Bank. SINA has a consensus price target of $54.02 and a 52-week range of $31.92 to $61.25.
Vodafone Group PLC (NASDAQ: VOD) was downgraded to Neutral from Buy with a $39 price target (versus a $36.99 close) at Goldman Sachs. Vodafone has a consensus price target of $38.89 and a 52-week range of $28.63 to $39.46.
Wells Fargo & Co. (NYSE: WFC) was reiterated as Buy and the price target was raised to $63 from $60 (versus a $57.25 close) at Argus. Wells Fargo has a consensus price target of $59.08 and a 52-week range of $46.44 to $58.26.
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Other key analyst upgrades and downgrades this Wednesday were seen as follows:
AGCO Corp. (NYSE: AGCO) was raised to Market Perform from Underperform at Wells Fargo.
Brookfield Renewable Energy Partners L.P. (NYSE: BEP) was raised to Neutral from Underperform at Credit Suisse.
Centene Corp. (NYSE: CNC) was raised to Buy from Hold with an $88 price target (versus a $73.90 close) at Jefferies.
Credit Acceptance Corp. (NASDAQ: CACC) was started as Sell and the price target was put all the way down at $168 (versus a $250.00 close) at Janney Capital Markets.
CSX Corp. (NYSE: CSX) was raised to Outperform from Sector Perform at RBC Capital Markets.
Health Care REIT Inc. (NYSE: HCN) was started as Buy with a $76 price target (versus $a 68.13 close) at SunTrust Robinson Humphrey.
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LPL Financial Holdings Inc. (NASDAQ: LPLA) was downgraded to Negative from Neutral with a $35 price target (versus a $46.35 close) at Susquehanna.
Navient Corp. (NASDAQ: NAVI) was raised to Overweight from Equal Weight with a $21 price target (versus a $16.42 close) at Barclays. This is after a dismal warning on student loan performance took it to a 52-week low.
Omnicom Group Inc. (NYSE: OMC) was raised to Outperform from Market Perform at Wells Fargo.
Panera Bread Co. (NASDAQ: PNRA) was raised to Overweight from Underweight and the price target was raised to $200 from $140 (versus a $180.50 close) at Piper Jaffray.
Primerica Inc. (NYSE: PRI) was raised to Strong Buy from Market Perform with a $54 price target (versus a $43.79 close) at Raymond James.
PTC Therapeutics Inc. (NASDAQ: PTCT) was raised to Overweight from Neutral with a $100 price target (versus a $48.94 close) at JPMorgan.
Penn Virginia Corp. (NYSE: PVA) was downgraded to In-Line from Outperform at Imperial Capital.
Workiva Inc. (NYSE: WK) was started as Outperform with an $18 price target (versus a $14.82 close) at Northland Securities.
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In case you missed out on Tuesday’s analyst upgrades and downgrades, they included Amazon, Biogen, GoPro, Intel, Micron Technology, SunPower and over a dozen more.
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