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Top Analyst Upgrades and Downgrades After Election: IBM, Qualcomm, Valeant, Yum China, CSX, DeVry and More

Arctic Cat Inc. (NASDAQ: ACAT) was downgraded to Underperform from Market Perform and the price target was cut to $9 from $11 (versus a $14.51 close) at BMO Capital Markets.

CPI Card Group Inc. (NASDAQ: PMTS) was downgraded to Sector Underperform from Sector Perform with a $3.50 price target (versus a $5.05 close) at CIBC.

CSX Corp. (NYSE: CSX) was downgraded to Market Perform from Outperform with a $35 price target (versus a $33.88 close) at BMO Capital Markets.

CVR Refining L.P. (NYSE: CVRR) was raised to Neutral from Underperform and the price target was raised to $9 from $7.

DeVry Education Group Inc. (NYSE: DV) was raised to Outperform from Neutral at Credit Suisse.

Franklin Resources Inc. (NYSE: BEN) was downgraded to Sell from Hold with a $35 price target (versus a $38.49 close) at Deutsche Bank.

Kindred Healthcare Inc. (NYSE: KND) was downgraded to Sector Perform from Outperform with a $9 price target (versus a $6.40 close) at RBC Capital Markets.

OneMain Holdings Inc. (NYSE: OMF) was downgraded to Equal Weight from Overweight with a $19 price target (versus a $17.44 close) at Barclays. Shares closed up 3.2% at $17.44 on Wednesday, but this was at $27.50 earlier in the week before the earnings bomb.

SolarEdge Technologies Inc. (NASDAQ: SEDG) was downgraded to Market Perform from Outperform at JMP Securities. FBR Capital Markets downgraded it to Market Perform from Outperform.

WellCare Health Plans Inc. (NYSE: WCG) was downgraded to Neutral from Overweight with a $115 price target (versus a $117.24 close) at JPMorgan.

Workiva Inc. (NYSE: WK) was downgraded to Neutral from Outperform and the price target was cut to $16 from $18 (versus a $16.50 close) at Credit Suisse. The firm worries that larger contracts and deals could take longer to close now.

More post-election market coverage seen making major moves is as follows:

Wednesday’s top analyst upgrades and downgrades included American Water Works, Delphi Automotive, GoPro, JPMorgan, Nucor, U.S. Steel and more.

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