Top Analyst Upgrades and Downgrades: American Express, Citigroup, First Solar, Gap, HP Enterprise, UPS, Wells Fargo and More

Discover Financial (NYSE: DFS) was started as Underweight with a $62 price target (versus a $66.01 close) at Stephens.

Evercore Partners Inc. (NYSE: EVR) was downgraded to Market Perform from Market Outperform at JMP Securities.

FedEx Corp. (NYSE: FDX) was started as Market Perform with a $190 price target (versus a $185.08 close) at BMO Capital Markets.

Ideal Power Inc. (NASDAQ: IPWR) was started with an Outperform rating and assigned an $8 price target (versus a $4.02 close) at FBR Capital Markets.

Macquarie Infrastructure Corp. (NYSE: MIC) was started as Outperform at Wells Fargo.

Nuance Communications Inc. (NASDAQ: NUAN) was raised to Strong Buy from Outperform with a $24 price target (versus a $15.55 close) at Raymond James.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) was started as Buy with a $25 price target (versus a $19.79 close) at Jefferies.

Spirit Airlines Inc. (NASDAQ: SAVE) was downgraded to Neutral from Buy at Citigroup.

Synchrony Financial (NYSE: SYF) was started as Overweight at Stephens.

World Acceptance Corp (NASDAQ: WRLD) was downgraded to Underperform from Market Perform with a $44 price target (versus a $61.50 close) at BMO Capital Markets.

Thursday’s top analyst upgrades and downgrades¬†included Cisco Systems, Freeport-McMoRan, Microsoft, NetApp, SunPower, Urban Outfitters and over a dozen more.

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