Apollo Investment Corp. (NASDAQ: AINV) was downgraded to Market Perform from Outperform at JMP Securities.
ARM Holdings PLC (NASDAQ: ARMH) was downgraded to Underperform from Market Perform at Sanford Bernstein. RBC Capital Markets maintained its Outperform rating but cut its target to $79 from $85.
Artisan Partners Asset Management Inc. (NYSE: APAM) was raised to Neutral from Sell at Citigroup.
Ascena Retail Group Inc. (NASDAQ: ASNA) was raised to Neutral from Sell at Goldman Sachs.
Becton, Dickinson and Co. (NYSE: BDX) was raised to Buy from Hold with a $163 price target (versus a $136.14 close) at Deutsche Bank.
Cabot Microelectronics Corp. (NASDAQ: CCMP) was downgraded to Neutral from Buy at Citigroup.
Capital One Financial Corp. (NYSE: COF) was downgraded to Neutral from Buy and the price objective is $66 (versus a $62.24 close) at Merrill Lynch.
Discover Financial Services (NYSE: DFS) was downgraded to Neutral from Buy and the price objective was cut to $48 from $60 (versus a $45.77 close) at Merrill Lynch.
Expedia Inc. (NASDAQ: EXPE) was maintained as Outperform at RBC but the target was cut to $165 from $180.
Horace Mann Educators Corp. (NYSE: HMN) was raised to Buy at Janney Capital Markets.
MasterCard Inc. (NYSE: MA) was downgraded to Neutral from Buy and the price objective was cut to $92 from $105 (versus an $83.31 close) at Merrill Lynch.
Prospect Capital Corp. (NASDAQ: PSEC) was downgraded to Underperform from Market Perform at Raymond James.
SunEdison Semiconductor Ltd. (NASDAQ: SEMI) was downgraded to Sell from Neutral at Citigroup.
Sunrun Inc. (NASDAQ: RUN) was down almost 16% to $6.07 on Wednesday with a bad solar sector. Barclays downgraded Sunrun to Equal Weight from Overweight and slashed the price target to $7 from $12.
Team Inc. (NYSE: TISI) was started as Overweight with a $32 price target (versus a $22.02 close) at KeyBanc Capital Markets.
Tenaris S.A. (NYSE: TS) was downgraded to Underweight from Neutral and the price target was cut to $21 from $27 at JPMorgan.
Wendy’s Co. (NASDAQ: WEN) was downgraded to Neutral from Overweight and the price target was cut to $10.50 from $12.00 (versus a $9.52 close) at JPMorgan.
If you missed Wednesday’s top analyst upgrades and downgrades, they included Akamai Technologies, BBVA, Dean Foods, SolarCity, Valero Energy and over a dozen other companies.