Top Analyst Upgrades and Downgrades: American Electric Power, Broadcom, Ford, GM, JD.com, Sarepta, Valeant Pharmaceuticals and More

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Arris International PLC (NASDAQ: ARRS) was started as Overweight with a $34 price target (versus a $28.24 close) at Morgan Stanley.

Arrow Electronics Inc. (NYSE: ARW) was downgraded to Neutral from Buy with a $63 price target (versus a $63.97 close) at Goldman Sachs.

Avnet Inc. (NYSE: AVT) was downgraded to Hold from Buy with a $44 price target (versus a $41.89 close) at Stifel.

CNX Coal Resources L.P. (NYSE: CNXC) was maintained as Hold but the price target was raised to $15 from $13 at Jefferies.

Columbia Sportswear Co. (NASDAQ: COLM) was raised to Buy from Hold with a $72 price target (versus a $54.74 close) at Canaccord Genuity.

Flextronics International Ltd. (NASDAQ: FLEX) was raised to Buy from Neutral with a $16 price target (versus a $13.07 close) at Goldman Sachs.

Golub Capital BDC Inc. (NASDAQ: GBDC) was started as Neutral with an $18 fair value estimate (versus an $18.60 close) at Janney.

HD Supply Holdings Inc. (NASDAQ: HDS) was downgraded to Sector Perform from Outperform with a $35 price target (versus a $31.51 close) at RBC Capital Markets.

HSN Inc. (NASDAQ: HSNI) was started as Underperform with a $33 price objective (versus a $40.50 close) at Merrill Lynch.

Jabil Circuit Inc. (NYSE: JBL) was raised to Neutral from Sell with a $21 price target (versus a $23.14 close) at Goldman Sachs.

ON Semiconductor Corp. (NASDAQ: ON) was started as Buy with a $15 price target (versus an $11.52 close) at Deutsche Bank.

PNM Resources Inc. (NYSE: PNM) was raised to buy from Hold and the price target was raised to $37.50 from $35.00 (versus a $33.01 close) at Jefferies.

QVC Group (NASDAQ: QVCA) was started as Neutral with a $20 price objective (versus an $18.70 close) at Merrill Lynch.

Vodafone Group PLC (NASDAQ: VOD) was started as Hold at Argus.

Monday’s top analyst upgrades and downgrades included AMD, Campbell Soup, Lockheed Martin, PNC Financial, Wells Fargo, Cerner and about 10 more companies.