Top Analyst Upgrades and Downgrades: Applied Materials, Kinder Morgan, Las Vegas Sands, ONEOK, Pandora, Wells Fargo and More

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AES Corp. (NYSE: AES) was downgraded to Equal Weight from Overweight with a $12 price target (versus a $12.47 close) at Barclays.

Brocade Communications Systems Inc. (NASDAQ: BRCD) was started as Buy with a $12 price target at D.A. Davidson.

Cabela’s Inc. (NYSE: CAB) was downgraded to Equal Weight from Overweight with a $64 price target at Barclays. Shares closed up 15% at $63.18 after news that it is being acquired by Bass Pro Shops.

Columbia Pipeline Partners L.P. (NYSE: CPPL) was downgraded to Neutral from Buy at UBS.

Depomed Inc. (NASDAQ: DEPO) was downgraded to Neutral from Outperform with a $27 price target at Mizuho. The stock closed up 2.4% at $25.58 on Monday.

Fifth Third Bancorp (NASDAQ: FITB) was downgraded to Market Perform from Outperform with a $21 price target (versus a $20.35 close) at Keefe Bruyette & Woods.

GrubHub Inc. (NYSE: GRUB) was downgraded to Hold from Buy with a $45 price target at Stifel.

Janus Capital Group Inc. (NYSE: JNS) was downgraded to Hold from Buy with a $16 price target (versus a $15.70 close) at Jefferies.

KBR Inc. (NYSE: KBR) was raised to Buy from Hold with a $16 price target (versus a $13.63 close) at Deutsche Bank.

PacWest Bancorp (NASDAQ: PACW) was downgraded to Market Perform from Outperform at Wells Fargo.

Plains All American Pipeline L.P. (NYSE: PAA) was raised to Overweight from Equal Weight and the price target was raised to $37 from $33 (versus a $30.95) at Morgan Stanley.

Reinsurance Group of America Inc. (NYSE: RGA) was downgraded to Neutral from Overweight with a $108 price target (versus a $107.30 close) at JPMorgan.

United Rentals Inc. (NYSE: URI) was started as Buy with a $90 price target (versus a $78.93 close) at Argus.

Monday’s top analyst calls were in AK Steel, Carnival, Great Plains Energy, National Oilwell Varco, Teradata and many more companies.