Top Analyst Upgrades and Downgrades: Fitbit, GE, Lockheed Martin, Lululemon, Marriott, Microsoft, Philip Morris, SLM and More

Abengoa Yield PLC (NASDAQ: ABY) was downgraded to Underperform from Neutral with a $12.00 price objective (versus a $14.85 close) at Bank of America Merrill Lynch. Canaccord Genuity also lowered its rating to Hold from Buy and cut its price target to $16 from $29 in its call.

Acuity Brands Inc. (NYSE: AYI) was maintained with a Buy rating but the price target was raised to $268.00 from $211.00.

Lions Gate Entertainment Corp. (NYSE: LGF) was maintained as Outperform at FBR Capital Markets, but the price target was cut to $38.00 from $43.00 (versus a $34.80 close), now that the Hunger Games series is coming to an end with the launch of its last installment.

PNM Resources Inc. (NYSE: PNM) was raised to Overweight from Equal Weight at Barclays.

Prestige Brands Holdings Inc. (NYSE: PBH) was downgraded to Sell from Hold with a $44 price target at Jefferies.

Prologis Inc. (NYSE: PLD) was downgraded to Market Perform from Outperform at Wells Fargo.

Raytheon Co. (NYSE: RTN) was downgraded to Equal Weight from Overweight at Barclays.

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Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) was downgraded to Hold from Buy at Evercore ISI.

Team Health Holdings Inc. (NYSE: TMH) was started as Neutral with a $63.00 price target (versus a $57.24 close) at Goldman Sachs.

Wright Medical Group Inc. (NASDAQ: WMGI) was raised to Buy from Hold with a $29 price target at Jefferies.

The last full analyst upgrades and downgrades from last week were seen in shares of American Express, Carnival, eBay, HP, IAMGOLD, Pfizer, Tech Data and about 10 more companies. Last Tuesday’s top analyst upgrades and downgrades were in Avon Products, Brocade, Emerge Energy, GameStop, Infoblox, Kinross Gold, Teladoc and about a dozen more companies.

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