Top Analyst Upgrades and Downgrades: Apple, Coach, Dollar General, Micron, VMware, Waste Management and More

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Brinker International Inc. (NYSE: EAT) was downgraded to Market Perform from Outperform at Raymond James.

Cash America International Inc. (NYSE: CSH) was downgraded to Neutral from Buy at Sterne Agee CRT.

Cepheid (NASDAQ: CPHD) was downgraded to Hold from Buy at Needham.

Cree Inc. (NASDAQ: CREE) was maintained as Hold, but the price target was raised to $28 from $21, at Canaccord Genuity.

Discover Financial Services (NYSE: DFS) was maintained as Buy at Janney Capital Markets after earnings. Oppenheimer raised its price target to $75 from $73.

Gulfport Energy Corp. (NASDAQ: GPOR) was started with a Buy rating and was assigned a $48.00 price target (versus a $34.08 close) at Canaccord Genuity.

Harley-Davidson (NYSE: HOG) was downgraded to Market Perform from Outperform at BMO Capital Markets. JPMorgan downgraded it to Neutral from Overweight.

Hecla Mining Co. (NYSE: HL) was maintained as Buy but the price target was lowered to $3.25 from $3.50 at Roth Capital.

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IAMGOLD Corp. (NYSE: IAG) was downgraded to Sell from Hold at Canaccord Genuity.

Memorial Resource Development Corp. (NYSE: MRD) was raised to Buy from Neutral at Goldman Sachs.

M&T Bank Corp. (NYSE: MTB) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods, and the price target was cut to $129.00 (versus a $115.45 close).

NRG Yield Inc. (NYSE: NYLD) was downgraded to Sector Perform from Outperform with a $16.00 price target (versus a $14.71 close) at RBC Capital Markets.

Qualcomm Inc. (NASDAQ: QCOM) was reiterated as Buy at Canaccord Genuity, but the firm lowered its earnings estimates due to slowing global smartphone sales, and it lowered its price target to $72 from $75 in the call.

Reynolds American Inc. (NYSE: RAI) was downgraded to Underperform from Outperform at CLSA.

Western Refining Inc. (NYSE: WNR) was downgraded to Neutral from Buy at Citigroup.

Yahoo! Inc. (NASDAQ: YHOO) was downgraded to Neutral from Buy at B. Riley, and the price target was cut to $35.00 from $50.00 (versus a $32.83 close). Shares were indicated down almost 2% at $32.20 in early trading on Wednesday.

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In case you missed Tuesday’s top analyst upgrades and downgrades, they were in Bluebird Bio, Boston Beer, Etsy, Gilead Sciences, Pfizer, PMC-Sierra, Valeant Pharmaceuticals and over a dozen more companies. There were five overlooked analyst calls on Tuesday as well, in Alibaba, Bluebird, Clean Diesel, Facebook and Hawaiian Holdings.