Barracuda Networks Inc. (NYSE: CUDA) was raised to Overweight from Neutral and the price target was raised to $32 from $18 (versus a $23.33 close) at Piper Jaffray. The stock closed down 2.9% on Wednesday, but after higher revenue and earnings its shares were up 8.9% at $25.40 in early trading on Wednesday. The old 52-week range was $9.44 to $25.77.
Brooks Automation Inc. (NASDAQ: BRKS) was raised to Buy from Neutral with a target price of $16.50 (versus a $13.26 close) at Citigroup.
Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) was started as Outperform at Wells Fargo.
Emerson Electric Co. (NYSE: EMR) was downgraded to Sell from Neutral and the price target was cut to $44 from $53 (versus a $50.79 close) at UBS.
Endurance Specialty Holdings Ltd. (NYSE: ENH) was downgraded to Neutral from Buy at Janney, with the firm noting that it does not see a competing offer coming.
GrubHub Inc. (NYSE: GRUB) was started with a Buy rating and assigned a $52 target price (versus a $39.66 close) at Argus.
Hanesbrands Inc. (NYSE: HBI) was downgraded to Market Perform from Outperform and the price target was cut to $27 from $33 (versus a $25.92 close) at Cowen.
Lam Research Corp. (NASDAQ: LRCX) was downgraded to Sector Weight from Overweight at Pacific Crest.
LPL Investment Holdings Inc. (NASDAQ: LPLA) was downgraded to Neutral from Overweight with a price target of $31 (versus a $33.01 close) at JPMorgan.
Marvell Technology Group Ltd. (NASDAQ: MRVL) was raised to Outperform from Neutral and the target price was raised to $17.50 from $13.50 (versus a $12.83 close) at Credit Suisse.
Mohawk Industries Inc. (NYSE: MHK) was raised to Buy from Neutral at Merrill Lynch.
Bank of N.T. Butterfield & Son Ltd. (NYSE: NTB) saw analysts issue mostly positive ratings after its quiet period ended, and now Wells Fargo is starting coverage as Market Perform.
Merrill Lynch has increased its inflation expectations to above consensus, and it has identified sector and market winners.
Tuesday’s top analyst upgrades and downgrades included Caterpillar, Illumina, Nike, Seagate Technology, Twitter, Tyson Foods, Western Digital and about a dozen more.