Top Analyst Upgrades and Downgrades: Cisco, Enterprise Products, JC Penney, Kinder Morgan, NetApp, Priceline, Digital Ally and More

Agilent Technologies Inc. (NYSE: A) was reiterated as Buy with a fair value estimate of $55 (versus a $48.43 close) at Janney. The firm said to buy any weakness as the guidance was likely very conservative.

Arista Networks Inc. (NYSE: ANET) was started with an Outperform rating and assigned a price target of $90 (versus a $77.34 close) at BMO Capital Markets.

Cerulean Pharma Inc. (NASDAQ: CERU) was downgraded to Neutral from Buy at JMP Securities. The firm noted that the horrible data is an understatement and that there are now limited catalysts and cash issues.

HMS Holdings Corp. (NASDAQ: HMSY) was downgraded to Hold from Buy but the price target was raised to $23 from $19 (versus a $23.17 close) at Jefferies.

Icahn Enterprises L.P. (NASDAQ: IEP) was downgraded to Sell from Neutral at UBS.

Robert Half Inc. (NYSE: RHI) was started with a Buy rating and a $44 price target (versus a $37.62 close) at Deutsche Bank.

SunEdison Semiconductor Ltd. (NASDAQ: SEMI) was raised to Neutral from Sell at Citigroup.

Teekay Offshore Partners L.P. (NYSE: TOO) was raised to Outperform from Sector Perform with an $8 price target (versus a $5.24 close) at RBC Capital Markets.

United Rentals Inc. (NYSE: URI) was raised to Neutral from Underperform at Merrill Lynch.

In addition, there many key changes were made recently in the Warren Buffett and Berkshire Hathaway equity portfolio.

Wednesday’s top analyst upgrades and downgrades were in Cisco Systems, Cree, Exxon Mobil, Hewlett Packard Enterprise, Urban Outfitters, Valeant Pharmaceuticals, Western Digital and more.