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Top Analyst Upgrades and Downgrades: Carrizo, Nike, Oracle, Pure Storage, Regions Financial, Seagate and More

BorgWarner Inc. (NYSE: BWA) was downgraded to Underweight from Overweight and the price target was slashed to $37 from $68 (versus a $43.64 close) at Morgan Stanley.

Cablevision Corp. (NYSE: CVC) was raised to Equal Weight from Underweight and the price target was raised to $35.00 from $22.00 (versus a $33.01 close) at Morgan Stanley.

CIT Group Inc. (NYSE: CIT) was reiterated as Buy with a $53.00 fair value estimate (versus a $40.69 close) at Janney Capital Markets.

Delek US Holdings Inc. (NYSE: DK) was raised to Neutral from Underperform with a $35.00 price objective (versus a $27.04 close) at Bank of America Merrill Lynch.

Diamond Foods Inc. (NASDAQ: DMND) was downgraded to Hold from Buy at BB&T Capital Markets.

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Discover Financial Services (NYSE: DFS) was maintained as a Top Pick but the price target was cut to $69.00 from $77.00 (versus a $55.71 close) at RBC Capital Markets.

Ecolab Inc. (NYSE: ECL) was downgraded to Hold from Buy with a $125.00 price target (versus a $122.10 close) at Deutsche Bank.

Enable Midstream Partners L.P. (NYSE: ENBL) was raised to Buy from Neutral at Citigroup.

Endologix Inc. (NASDAQ: ELGX) was started with an Outperform rating and a $17.00 price target (versus a $13.90 close) at RBC Capital Markets.

Itron Corp. (NASDAQ: ITRI) was raised to Buy from Hold with a $45.00 price target (versus a $34.34 close) at Canaccord Genuity.

Joy Global Inc. (NYSE: JOY) was downgraded to Underweight from Hold at BB&T Capital Markets.

New Residential Investment Corp. (NYSE: NRZ) was raised to Overweight from Neutral and the price target was lowered to $16.00 from $17.00 (versus a $12.98 close) at Piper Jaffray.

NextEra Energy Partners L.P. (NYSE: NEP) was raised to Buy from Neutral with a $32.00 price target (versus a $25.26 close) at Goldman Sachs.

Texas Roadhouse Inc. (NASDAQ: TXRH) was raised to Overweight from Sector Weight at KeyBanc Capital Markets.

Ubiquiti Networks Inc. (NASDAQ: UBNT) was downgraded to Market Underperform from Market Perform with a $26.00 price target (versus a $34.15 close) at JMP Securities.

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In case you missed Friday’s top analyst upgrades and downgrades, they included Blackstone, Infloblox, Dynegy, IBM, Sprint, Spirit Airlines and Verizon Communications and more.