Alliance Data Systems Corp. (NYSE: ADS) was raised to Buy from Hold with a $330 price target (versus a $268.57 close) at Stifel Nicolaus.

Amec Foster Wheeler PLC (NYSE: AMFW) was raised to Overweight from Equal Weight at Barclays.

Broadcom Corp. (NASDAQ: BRCM) was downgraded to Hold from Buy at Argus after its acquisition by Avago passed a key hurdle.

Demandware Inc. (NYSE: DWRE) was started as Positive with a $78 price target (versus a $59.04 close) at Susquehanna.

Expeditors International of Washington Inc. (NASDAQ: EXPD) was raised to Equal Weight from Underweight and the price target was raised to $52 from $44 (versus a $49.79 close) at Barclays.

Fossil Inc. (NASDAQ: FOSL) was raised to Sector Weight from Underweight at KeyBanc Capital Markets.

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Hormel Foods Corp. (NYSE: HRL) was raised to Buy from Hold and the price target was raised to $66 from $59 (versus a $61.22 close) at Deutsche Bank. Credit Suisse maintained its Neutral rating but raised its target to $63 from $61.

JAKKS Pacific Inc. (NASDAQ: JAKK) was started as Outperform with a $15 price target (versus a $9.30 close) at Oppenheimer.

Kansas City Southern (NYSE: KSU) was raised to Outperform from Neutral at Macquarie.

Keysight Technologies Inc. (NYSE: KEYS) was raised to Outperform from Neutral with a $35.00 price target at R.W. Baird.

Lockheed Martin Corp. (NYSE: LMT) was raised to Buy from Neutral with a $242 price target (versus a $211.28 close) at Sterne Agee CRT.

Signet Jewelers Ltd. (NYSE: SIG) was raised to Buy from Neutral at UBS.

SL Green Realty Corp. (NYSE: SLG) was downgraded to Hold from Buy at Stifel Nicolaus.

Targa Resources Corp. (NYSE: TRGP) was downgraded to Underperform from Hold at Jefferies.

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Fresh Market Inc. (NASDAQ: TFM) was downgraded to Underperform from Neutral and the price target was cut to $25 from $35 (versus a $27.26 close) at Bank of America Merrill Lynch.

Time Warner Inc. (NYSE: TWX) was downgraded to Market Perform from Outperform and the price target was cut to $90 from $101 (versus a $77.82 close) at Sanford Bernstein.

In case you missed Wednesday’s top analyst upgrades and downgrades, they included Analog Devices, Canadian Solar, Home Depot, Marvell Technology, Wal-Mart and over a dozen more companies.