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Top Analyst Upgrades and Downgrades: Johnson & Johnson, Lockheed Martin, MGIC Investment, TransCanada, Verizon and More

Buffalo Wild Wings Inc. (NASDAQ: BWLD) was maintained as Underperform with a $120 price target (versus a $136.34 close) at Credit Suisse. The firm said that its pricing checks highlighted value concerns and it lowered earnings expectations.

Charter Communications Inc. (NASDAQ: CHTR) was started as Buy with a $300 price target (versus a $232.01 close) at Argus. The move follows its acquisitions of Time Warner Cable and Bright House Networks.

Diamondback Energy Inc. (NASDAQ: FANG) was raised to Buy from Hold with a $100 price target (versus an $89.42 close) at Canaccord Genuity.

Genesco Inc. (NYSE: GCO) was downgraded to Equal Weight from Overweight and the price target was cut to $74 from $79 (versus a $67.77 close) at Morgan Stanley.

Kaiser Aluminum Corp. (NASDAQ: KALU) was downgraded to Neutral from Buy at Merrill Lynch.

Nucor Corporation (NYSE: NUE) was downgraded to Neutral from Buy at Merrill Lynch.

Panera Bread Co. (NASDAQ: PNRA) was started with an Outperform rating and was given a $250 price target (versus a $206.70 close) at RBC Capital Markets.

Papa John’s International Inc. (NASDAQ: PZZA) was raised to Overweight from Sector Weight with an $80 price target (versus a $69.12 close) at KeyBanc Capital Markets.

SAP A.G. (NYSE: SAP) was started with an Outperform rating at Credit Suisse. The firm noted that its S4 is driving solid results, and its price target in euros implies 20% upside.

Shutterfly Inc. (NASDAQ: SFLY) was downgraded to Hold from Buy at Axiom Capital.

Splunk Inc. (NASDAQ: SPLK) was downgraded to Neutral from Buy at Citigroup.

Steel Dynamics Inc. (NASDAQ: STLD) was downgraded to Neutral from Buy at Merrill Lynch.

Tenaris S.A. (NYSE: TS) was downgraded to Neutral from Buy at Goldman Sachs.

Workday Inc. (NYSE: WDAY) was downgraded to Neutral from Buy at Citigroup.

Tuesday’s top analyst upgrades and downgrades included Chipotle Mexican Grill, 3M, Mobileye, Netflix, Seagate Technology, Yahoo and many more. Monday’s top analyst upgrades and downgrades included Cypress Semiconductor, Groupon, Humana, Infosys, Monster Beverage, Transocean and over a dozen more.