Top Analyst Upgrades and Downgrades: Apple, Exxon, LifeLock, Microsoft, PayPal, Chipotle and More
Agnico-Eagle Mines Ltd. (NYSE: AEM) was raised to Buy from Hold at HSBC.
Asbury Automotive Group Inc. (NYSE: ABG) was downgraded to Underperform from Neutral and the price objective was cut to $120 from $128 at Merrill Lynch.
Bluerock Residential Growth REIT Inc. (NYSE: BRG) was started as Buy with a fair value estimate of $15.00 (versus a $12.94 close) at Janney Capital Markets.
Ciena Corp. (NASDAQ: CIEN) was started as Buy at B. Riley.
CONMED Corp. (NASDAQ: CNMD) was downgraded to Market Perform from Outperform at Northland Securities.
Crown Castle International Corp. (NYSE: CCI) was raised to Buy from Neutral with a $92 price target at Citigroup.
eBay Inc. (NASDAQ: EBAY) was downgraded to Market Perform from Outperform at Raymond James.
Illumina Inc. (NASDAQ: ILMN) was downgraded to Neutral from Buy at Janney Capital Markets, but the fair value remains at $240 (versus a $237.54 close). The firm noted a pause in P/E expansion after Illumina missed revenue expectations.
Intuitive Surgical Inc. (NASDAQ: ISRG) was raised to Buy from Hold and the price target was raised to $615 from $517 at Canaccord Genuity.
Juno Therapeutics Inc. (NASDAQ: JUNO) was started as Outperform with a price target of $64 (versus a $50.10 close) at Northland Securities.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was started as Market Perform with a price target of $500 (versus a $560.00 close) at Northland Securities.
Schlumberger Ltd. (NYSE: SLB) was raised to Buy from Hold at Societe Generale.
Sonic Automotive Inc. (NYSE: SAH) was raised to Buy from Neutral at Merrill Lynch, based on relative valuation and potential earnings opportunities.
STMicroelectronics N.V. (NYSE: STM) was downgraded to Neutral from Buy at Citigroup.
United Technology Inc. (NYSE: UTX) was downgraded to Hold from Buy and the price target was cut to $112 from $128 (versus a $102.71 close) at Deutsche Bank.
Yamana Gold Inc. (NYSE: AUY) was raised to Buy from Hold at HSBC.
In case you missed Tuesday’s top analyst upgrades and downgrades, they were in shares of Alarm.com, Pandora Media, PayPal, SanDisk, SunEdison, Tesla Motors, Advanced Micro Devices and over a dozen more companies.