Top Analyst Upgrades and Downgrades: Apple, Broadcom, DSW, SBA Communications, Tyson Foods and Many More

ABB Ltd. (NYSE: ABB) was downgraded to Reduce at Nomura.

AutoNation Inc. (NYSE: AN) was maintained as Market Perform at Wells Fargo, but the firm raised its estimates and raised its valuation range to $49.00 to $51.00 from the prior $40.00 to $44.00 range.

Brown-Forman Corp. (NYSE: BF-B) was downgraded to Neutral from Buy and the price objective was lowered to $100 at Merrill Lynch.

Canadian Natural Resources Ltd. (NYSE: CNQ) was raised to Overweight from Neutral at JPMorgan.

Essex Property Trust Inc. (NYSE: ESS) was raised to Buy from Neutral at SunTrust Robinson Humphrey.

H&R Block Inc. (NYSE: HRB) was downgraded to Neutral from Outperform and the price target was cut to $32 from $46 at Wedbush Securities. Credit Suisse lowered its price target to $34 from $36 but maintained a Neutral rating.

Papa John’s International Inc. (NASDAQ: PZZA) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

Titan Machinery Inc. (NASDAQ: TITN) was raised to Outperform from Market Perform at R.W. Baird.

Tumi Holdings Inc. (NYSE: TUMI) was downgraded to Hold from Buy at Jefferies.

Zimmer Biomet Holdings Inc. (NYSE: ZBH) was downgrading to Hold from Buy at Argus, based on its weaker sales outlook.

If you missed Thursday’s top analyst upgrades and downgrades, they included Alcoa, Boeing, Freeport-McMoRan, Intel, SunEdison, Walt Disney and about a dozen more.