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Top Analyst Upgrades and Downgrades: Ariad Pharma, Comcast, ConEd, Electronic Arts, Kinder Morgan, 3M, Time Warner and More

Arcos Dorados Holdings Inc. (NYSE: ARCO) was raised to Overweight from Equal Weight and the price target was raised to $8 from $5 (versus a $6.10 close) at Morgan Stanley.

Avis Budget Group Inc. (NYSE: CAR) was started as Neutral with a $30 price target (versus a $31.38 close) at Goldman Sachs.

Atara Biotherapeutics Inc. (NASDAQ: ATRA) was started with a Buy rating and assigned a $23 price target (versus a $14.90 close) at Jefferies.

Dick’s Sporting Goods Inc. (NYSE: DKS) was raised to Outperform from Market Perform with a $64 price target (versus a $56.78 close) at Cowen.

Hertz Global Holdings Inc. (NYSE: HTZ) was started with a Sell rating and issued a $29 price target (versus a $32.94 close) at Goldman Sachs.

Jack in the Box Inc. (NASDAQ: JACK) was started with a Sell rating and assigned an $88 price target at Goldman Sachs.

Qorvo Inc. (NASDAQ: QRVO) was started as Overweight and with a $72 price target (versus a $54.70 close) at JPMorgan.

Rockwell Automation Inc. (NYSE: ROK) was raised to Overweight from Equal Weight with a $141 price target (versus a $122.99 close) at Barclays.

Reynolds American Inc. (NYSE: RAI) was downgraded to Underperform from Outperform with a $55 price target (versus a $53.78 close) at CLSA.

Skyworks Solutions Inc. (NASDAQ: SWKS) was started with a Neutral rating and given an $88 price target (versus a $77.47 close) at JPMorgan.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was downgraded to Neutral from Buy at Mizuho.

United Rentals Inc. (NYSE: URI) was downgraded to Equal Weight from Overweight and the price target was cut to $81 from $85 at Morgan Stanley.

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) was downgraded to Neutral from Buy and the price target was cut to $85 from $155 at H.C. Wainwright.

VMware Inc. (NYSE: VMW) was raised to Outperform from Market Perform at Cowen.

Friday’s top analyst upgrades and downgrades were in AT&T, Chesapeake Energy, Lululemon Athletica, Microsoft, PayPal, Wal-Mart, Yahoo and about a dozen more.