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Top Analyst Upgrades and Downgrades: Baidu, BlackBerry, GM, PayPal, Teva, Yelp and Many More

Boyd Gaming Corp. (NYSE: BYD) was raised to Neutral from Underperform and the price objective was raised to $18 from $12.50 at BofA Merrill Lynch.

Cepheid (NASDAQ: CPHD) was reiterated as Outperform with a Fair Value range of $65 to $70 (versus $53.14 close, after a 5.5% drop) at Wells Fargo. The firm sees its GeneXpert Omni new product potentially leapfrogging competitors as dominant molecular player in the very large point-of-care market.

Colfax Corp. (NYSE: CFX) was downgraded to Hold from Buy at Argus, with the call being on a weak near-term outlook.

Kaiser Aluminum Corp. (NASDAQ: KALU) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

LifeLock, Inc. (NYSE: LOCK) was maintained as Buy at Canaccord Genuity, but the price target was cut to $14 from $23 (versus $7.74 close) as the firm has more questions than answers at this point.

ALSO READ: Why GE Outshines 3M and United Tech After Earnings

News Corp. (NASDAQ: NWS) was raised to Outperform from Neutral at Macquarie.

Nimble Storage, Inc. (NYSE: NMBL) was downgraded to Buy from Strong-Buy and the price target was cut to $32 from $35 (versus $27.42 close) at Needham.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) was reiterated as Buy with a Fair Value estimate of $649 (versus $540.03 close) at Janney Capital Markets. This is after Regeneron and Sanofi expanded their partnership to develop immuno-oncology antibodies.

Simon Property Group, Inc. (NYSE: SPG) was shown to have had its public market valuation disconnected after repurchases according to Wells Fargo. The firm has an Outperform rating but lowered its valuation range down to $198.00 to $211.00 from $212.00 to $225.00.

Torchmark Corp. (NYSE: TMK) was downgraded to Underperform from Neutral at BofA Merrill Lynch due to a peak valuation and earnings growth pressure.

Waste Management, Inc. (NYSE: WSM) was raised to Buy from Hold with a price target of $57 at Argus.

ALSO READ: 6 Oil Stocks Analysts Want You to Buy Now

In case you missed Monday’s top analyst upgrades and downgrades, they were in shares of AT&T, Chesapeake, Facebook, Qualcomm, Weatherford and over a dozen more.