Cognex Corp. (NASDAQ: CGNX) was maintained as Hold, but earnings estimates for 2015 and 2016 were cut, and the price target was maintained at $35.00 (versus a $36.46 close) at Canaccord Genuity.
Ctrip.com (NASDAQ: CTRP) was raised to Buy from Neutral with a $92.00 price objective (versus a $68.65 close) at Merrill Lynch.
Gap Inc. (NYSE: GPS) was started as Neutral at Citigroup.
Harmon International Industries Inc. (NYSE: HAR) was started as Underperform with a $90.00 price target (versus a $104.25 close) at Jefferies.
HollyFrontier Corp. (NYSE: HFC) was raised to Buy from Hold at Deutsche Bank.
Macy’s Inc. (NYSE: M) was started as Neutral at Citigroup.
Marathon Petroleum Corp. (NYSE: MPC) was raised to Outperform from Market Perform at Wells Fargo.
Mead Johnson Nutrition Co. (NYSE: MJN) was raised to Buy from Neutral but the price target was cut to $93 from $102 (versus a $75.09 close) at Nomura Securities.
Michael Kors Holdings Ltd. (NYSE: KORS) was started as Sell with a $38 price target (versus a $43.37 close) at Citigroup.
Phillips 66 (NYSE: PSX) was downgraded to Hold from Buy at Deutsche Bank.
Ross Stores Inc. (NASDAQ: ROST) was started as Buy at Citigroup, and the price target was started as $59.00 (versus a $47.69 close).
Tiffany & Co. (NYSE: TIF) was started as Buy with a price target of $98.00 (versus a $79.86 close) at Citigroup.
TJX Companies Inc. (NYSE: TJX) was started as Buy with an $88.00 price target (versus a $70.77 close) at Citigroup.
TrustCo Bank Corp. (NASDAQ: TRST) was raised to Market Perform from Underperform with a price target of $6.00 (versus a $5.85 close) at Keefe Bruyette & Woods.
Urban Outfitters Inc. (NASDAQ: URBN) was started as Buy at Citigroup with a price target of $40.00 (versus a $30.58 close).
In case you missed Tuesday’s top analyst upgrades and downgrades, they included CBS, Cisco, Comerica, Twitter, FedEx, Illumina, Linn, NuVasive and over a dozen more.