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Top Analyst Upgrades and Downgrades: Arrowhead Pharma, Cognizant, Goldman Sachs, HP, Splunk, UnitedHealth and More

At Home Group Inc. (NYSE: HOME) was raised to Buy from Neutral with a $19 price target (versus a $12.68 close) at Goldman Sachs.

BorgWarner Inc. (NYSE: BWA) was started as Buy with a $43 price target (versus a $34.46 close) at Jefferies.

Celanese Corp. (NYSE: CE) was raised to Buy from Neutral with a $92 price target (versus a $77.16 close) at Goldman Sachs.

Delphi Automotive PLC (NYSE: DLPH) was started as Buy with an $80 price target (versus a $63.44 close) at Jefferies.

F5 Networks Inc. (NASDAQ: FFIV) was downgraded to Market Perform from Outperform at Bernstein.

Lonestar Resources US Inc. (NASDAQ: LONE) was started as Buy with a $13 price target (versus an $8.29 close) at Wunderlich.

Mid-America Apartment Communities Inc. (NYSE: MAA) was raised to Outperform from Market Perform with a $104 price target (versus a $93.81 close) at BMO Capital Markets.

SBA Communications Corp. (NASDAQ: SBAC) was raised to Overweight from Neutral with a $130 price target (versus a $99.81 close) at JPMorgan.

Smart Sand Inc. (NASDAQ: SND) was started as Buy with a $15 price target (versus a $12.18 close) at Deutsche Bank.

Tenneco Inc. (NYSE: TEN) was started as Hold at Jefferies.

W.R. Grace & Co. (NYSE: GRA) was downgraded to Hold from Buy and the price target was cut to $70 from $80 (versus a $66.40 close) at Jefferies.

YY Inc. (NASDAQ: YY) was started as Buy with a DCF-based price objective of $60 (versus a $45.00 close) at Merrill Lynch. The firm noted that YY trades at roughly a 40% discount to peers.

Jefferies has four cheap value stocks for an expensive stock market.

Deutsche Bank has four oil and gas picks to win from the lucrative Permian Basin.

Tuesday’s top analyst upgrades and downgrades were in AK Steel, Celgene, Darden Restaurants, Delphi Automotive, Johnson & Johnson, U.S. Steel and over a dozen more. Monday’s top analyst calls included 3M, Campbell Soup, Deere, Johnson Controls, Panera Bread and a dozen more.