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Top Analyst Upgrades and Downgrades: Aerojet Rocketdyne, Alcoa, Amazon, ArcelorMittal, Corning, Intel, Vale, AMD and More

Advanced Micro Devices Inc. (NASDAQ: AMD) was started as Neutral at Macquarie. This was part of a broader semiconductor sector initiation, and most were given the same Neutral ratings.

Alkermes PLC (NASDAQ: ALKS) was reiterated as Outperform and the price target was raised to $78 from $72 at Credit Suisse. The upgrade is on higher Vivitrol forecasts, following management meetings.

Bioverativ Inc. (NASDAQ: BIVV) was started with a Hold rating at Argus. The firm believes that favorable prospects from its pipeline are already factored into the current valuation.

Broadcom Ltd. (NASDAQ: AVGO) was started as Outperform with a $265 price target (versus a $220.04 close) at Macquarie.

HubSpot Inc. (NYSE: HUBS) was raised to Buy from Neutral with a $73 price target (versus a $58.20 close) at BTIG.

JELD-WEN Holding Inc. (NYSE: JELD) was downgraded to Neutral from Outperform with a $34 price target (versus a $33.05 close) at Wedbush. The firm sees a continued benefit of the transformation under a new CEO, but the firm feels there is limited ability to exceed consensus estimates and as the price already reflects the catalysts.

Marvell Technology Group Ltd. (NASDAQ: MRVL) was started as Neutral at Macquarie.

NVIDIA Corp. (NASDAQ: NVDA) was started as Neutral at Macquarie.

Owens Corning (NYSE: OC) was raised to Outperform from Neutral and the price target was raised to $72 from $58 (versus a $60.99 close) at Wedbush. The firm sees more opportunities for Owens Corning to generate shareholder value with capital allocation and growth opportunities following recent portfolio improvements.

Qualcomm Inc. (NASDAQ: QCOM) was started as Neutral at Macquarie.

Quintiles IMS Holdings Inc. (NYSE: Q) was started with an Outperform rating and assigned an $89 price target at Credit Suisse. The firm feels that Quintiles IMS will win from strength in outsourcing demand while leveraging its health care IT platform.

Texas Instruments Inc. (NASDAQ: TXN) was started as Neutral at Macquarie.

Xilinx Inc. (NASDAQ: XLNX) was started as Neutral at Macquarie.

Thursday’s top analyst calls were in ConocoPhillips, Goodyear Tire, Humana, Lululemon Athletica, Range Resources and many more.