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Top Analyst Upgrades and Downgrades: Apple, BHP Billiton, CA, CarMax, Dean Foods, Freeport-McMoRan, Newmont, Shire, Wells Fargo and Many More

AvalonBay Communities Inc. (NYSE: AVB) was downgraded to Market Perform from Outperform at Cowen.

DHT Holdings Inc. (NYSE: DHT) was downgraded to Neutral from Overweight and the price target was cut to $9 from $11 (versus a $6.65 close) at JPMorgan.

Digital Realty Trust Inc. (NYSE: DLR) was raised to Buy from Hold and the price target was raised to $88.00 from $76.00 at Jefferies.

Evercore Partners Inc. (NYSE: EVR) was already rated as Buy but was added to the prized Conviction Buy list at Goldman Sachs.

HCP Inc. (NYSE: HCP) was downgraded to Underperform from Hold and the price target was cut to $30 from $39 at Jefferies.

Mueller Water Products Inc. (NYSE: MWA) was started as Buy with a $10 fair value estimate (versus an $8.00 close) at Janney Capital Markets.

NGL Energy Partners L.P. (NYSE: NGL) was downgraded to Hold from Buy at Stifel.

Pioneer Natural Resources Co. (NYSE: PXD) was raised to Outperform from Market Perform at BMO Capital Markets.

Progressive Waste Solutions Ltd. (NYSE: BIN) was downgraded to In-Line from Outperform at Imperial Capital.

Prosperity Bancshares Inc. (NYSE: PB) was downgraded to Underperform from Neutral with a price objective of $44 at Merrill Lynch. While this is a bank, the downgrade is tied to a fallout from its oil business and regional exposure.


Sangamo BioSciences Inc. (NASDAQ: SGMO) was reiterated as Buy with a $15.00 fair value estimate (versus a $6.42 close) at Janney Capital Markets.

Synergy Resources Corp. (NYSEMKT: SYRG) was downgraded to Equal Weight from Overweight at Stephens.

TD Ameritrade Holding Corp. (NASDAQ: AMTD) was raised to Neutral from Sell at Citigroup.

Teekay Tankers Ltd. (NYSE: TNK) was downgraded to Underweight from Overweight and the price target was cut to $7 from $10 (versus a $5.29 close) at JPMorgan.

Western Gas Partners L.P. (NYSE: WES) was downgraded to Neutral from Buy and the price objective was slashed to $47 from $74 at Merrill Lynch.

If you missed Monday’s top analyst upgrades and downgrades, they included Banco Santander, Box, General Motors, Illumina, JPMorgan, Noble and over a dozen more companies.