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Top Analyst Upgrades and Downgrades: Cisco, Dish, First Data, Level 3, Regions, SolarCity, Tesla, Twitter, Visa and More

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.