Investing

Top Analyst Upgrades and Downgrades: Amex, Cisco, Eli Lilly, First Solar, McDonald's, Microsoft, US Steel and More

Jon C. Ogg

Akamai Technologies Inc. (NASDAQ: AKAM) was downgraded to Underweight from Equal Weight and the price target was cut to $54 from $68 (versus a prior closing price of $62.24) at Morgan Stanley.

Alimera Sciences Inc. (NASDAQ: ALIM) was started with a Buy rating and assigned a $4 price target (versus a $1.46 close) at Rodman & Renshaw. Alimera has a 52-week range of $1.01 to $2.58, but its market cap is $95 million and it is a thin-volume stock.

Anthem Inc. (NYSE: ANTM) was raised to Buy from Hold with a $210 price target (versus a $179.03 close) at Cantor Fitzgerald.

Arista Networks (NYSE: ANET) was downgraded to Neutral from Outperform at Credit Suisse. The firm called Arista a secular market share gainer within the networking segment, but the firm feels shares are now fully valued.

Autodesk Inc. (NASDAQ: ADSK) was started as Outperform with a $115 price target at Credit Suisse, as a new analyst has been brought on. The call is based on the continued move to a subscription model.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) was downgraded to Neutral from Outperform and the price target was cut to $160 from $170 at Robert W. Baird.

Citrix Systems Inc. (NASDAQ: CTXS) was raised to Outperform from Neutral with a price target of $90 (versus an $84.12 close, but after a 4.6% drop to $80.24 in the premarket Thursday) at Robert W. Baird.

DISH Network Corp. (NASDAQ: DISH) was raised to Overweight from Equal Weight with a $74 price target (versus a $63.30 close) at Barclays.

Mellanox Technologies Ltd. (NASDAQ: MLNX) was downgraded to Neutral from Outperform and the price target was cut to $45 from $50 at Credit Suisse.

Nutrisystem Inc. (NASDAQ: NTRI) was downgraded to Hold from Buy with a $60 price target (versus a $55.55 close) at Wunderlich.

PayPal Holdings Inc. (NASDAQ: PYPL) was raised to Neutral from Underweight with a $45 price target at Piper Jaffray.

Salesforce.com Inc. (NYSE: CRM) was started as Outperform with a target price of $110 (versus an $84.95 close) at Credit Suisse, as a new analyst now covers the stock.

Santander Consumer USA Holdings Inc. (NYSE: SC) was raised to Buy from Neutral and the price target was raised to $16 from $13.50 at Compass Point.

Wednesday’s top analyst calls included American Water, Baker Hughes, Chipotle Mexican Grill, Cree, Electronic Arts, SAP, Snap, AK Steel and a dozen more.