Top Analyst Upgrades and Downgrades: Anadarko, Buffalo Wild Wings, GoPro, LifeLock, Rite Aid, SunPower and More
Diamond Foods (NASDAQ: DMND) was downgraded to Market Perform from Outperform but the price target was raised to $40 from $35 (based on merger news) at BMO Capital Markets.
Garmin Ltd. (NASDAQ: GRMN) was downgraded to Sell from Neutral at Citigroup.
HealthSouth Corp. (NYSE: HLS) was downgraded to Hold from Buy at Stifel.
Novadaq Technologies Inc. (NASDAQ: NVDQ) was raised to Overweight from Equal Weight with a $15 price target (versus an $11.16 close) at First Analysis.
PayPal Holdings Inc. (NASDAQ: PYPL) was reiterated as Buy with a $44.00 price target at Jefferies. The firm even said it was surprised that shares traded lower after earnings and guidance.
Realty Income Corp. (NYSE: O) was downgraded to Sell from Neutral with a $46.00 price target (versus a $50.60 close) at UBS.
Rio Tinto PLC (NYSE: RIO) was reiterated as Market Perform and the price target was cut to $40 from $48 at Cowen.
Silicon Laboratories Inc. (NASDAQ: SLAB) was downgraded to Market Perform from Outperform at William Blair.
SINA Corp. (NASDAQ: SINA) was downgraded to Neutral from Buy at Citigroup. Shares closed at $48.35 and have a 52-week range of $31.92 to $61.25.
Steiner Leisure Ltd. (NASDAQ: STNR) was downgraded to Hold from Buy at Stifel.
Synchronoss Technologies Inc. (NASDAQ: SNCR) was raised to Strong Buy from an already-positive Outperform rating at Raymond James.
Teradyne Inc. (NYSE: TER) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.
Veeco Instruments Inc. (NASDAQ: VECO) was downgraded to Neutral from Overweight and the price target was cut to $23 from $32 (versus a $20.82 close) at JPMorgan.
In case you missed Wednesday’s top analyst upgrades and downgrades, they included Akamai Technologies, Apple, Devon Energy, GrubHub, JetBlue Airways, Kroger, Twitter, UBS, Yelp and many more companies.