Top Analyst Upgrades and Downgrades: Apollo, Avago, CyberArk, First Solar, JC Penney, KKR, Lululemon, MobileEye, Perrigo, Tesoro and More

Stocks were indicated slightly higher on Thursday after even more selling pressure on Wednesday. Yet again, the trend for investors to line up and buy the pullbacks is continuing. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new investing and trading ideas for our readers. Some of the daily analyst reports cover stocks to buy, and others cover stocks to sell or avoid.

These are this Thursday’s top analyst upgrades, downgrades and initiations.

Apollo Global Management LLC (NYSE: APO) was started as Buy with a $19.00 price target at Jefferies.

Avago Technologies Ltd. (NASDAQ: AVGO) was started as Outperform with a $185.00 price target at FBR Capital Markets.

CyberArk Software Ltd. (NASDAQ: CYBR) was raised to Overweight from Underweight at JPMorgan.

First Solar Inc. (NASDAQ: FSLR) was downgraded to Hold from Buy at Needham.

Huntington Bancshares Inc. (NASDAQ: HBAN) was downgraded to Equal Weight from Overweight at Morgan Stanley.

J.C. Penney Co. Inc. (NYSE: JCP) was raised to Neutral from Reduce at Nomura Securities. The shares were indicated up 1.5% at $7.58 on the news, despite the rating still not being very positive.

KKR & Co. L.P. (NYSE: KKR) was started with a Buy rating and $20.00 price target at Jefferies.

Lululemon Athletica Inc. (NASDAQ: LULU) was downgraded to Market Perform from Outperform at Sanford Bernstein. It was maintained with the same coverage but was given price target cuts at the following firms: Canaccord Genuity, FBR, RBC and Topeka. Shares fell 13% to $45.32 on Wednesday and were indicated down 1% at $44.81 on the heels of these cuts.

Mobileye N.V. (NYSE: MBLY) was started with a Market Perform rating and $50.00 price target (versus a $42.82 close) at FBR Capital Markets.

Perrigo Co. PLC (NASDAQ: PRGO) was raised to Buy from Hold with a $170.00 price target at Argus.

Tesoro Corp. (NYSE: TSO) was downgraded to Hold from Buy at Deutsche Bank.

Toll Brothers Inc. (NYSE: TOL) was raised to Sector Perform from Underperform with a $37.00 price target (versus a $33.84 close) at RBC Capital Markets.

If you missed Wednesday’s top analyst upgrades and downgrades, they included Agilent, CSC, Intel, Jabil Circuit, Kinder Morgan, Nasdaq, Square, Yahoo and over a dozen more companies.