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Top Analyst Upgrades and Downgrades: Analog Devices, BP, First Data, GE, Goodyear, ITW, NRG, Palo Alto and Many More

Archer Daniels Midland Co. (NYSE: ADM) was downgraded to Hold from Buy at Argus after a weaker outlook.

Benefitfocus Inc. (NASDAQ: BNFT) was raised to Outperform from Market Perform at William Blair.

Caesars Entertainment Corp. (NASDAQ: CZR) was started with an Outperform rating and assigned a $15 price target (versus a $10.95 close) at Oppenheimer.

3M Co. (NYSE: MMM) was reiterated as Buy and the price target was raised to $234 from $219 at Jefferies.

Pentair PLC (NYSE: PNR) was started with a Sell rating and assigned a $61 price target (versus a $66.22 close) at Goldman Sachs.

Plantronics Inc. (NYSE: PLT) was raised to Overweight from Neutral with a price target of $63 (versus a $52.93 close) at JPMorgan.

PVH Corp. (NYSE: PVH) was raised to Buy from Neutral at Citigroup.

Repligen Corp. (NASDAQ: RGEN) was reiterated as Buy and the fair value estimate was raised to $42 from $37 (versus a $39.24 close) at Janney.

Sonus Networks Inc. (NASDAQ: SONS) was raised to Outperform from Market Perform at William Blair.

Sun Communities Inc. (NYSE: SUI) was started with an Outperform rating and assigned a $92 price target (versus an $86.14 close) at RBC Capital Markets.

Supernus Pharmaceuticals Inc. (NASDAQ: SUPN) was raised to Overweight from Neutral and the price target was raised to $44 from $30 (versus a $37.60 close) at Piper Jaffray.

TEGNA Inc. (NYSE: TGNA) was started with an Outperform rating and assigned a $16.50 price target (versus a $23.74 close) at Wells Fargo.

Virtus Invest Partners Inc. (NASDAQ: VRTS) was started with an Equal Weight rating and assigned a $105 price target (versus a $100.70 close) at Morgan Stanley.

Waters Corp. (NYSE: WAT) was reiterated as Buy and the fair value estimate was raised to $210 from $200 (versus a $179.62 close) at Janney.

ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP) was started with a Buy rating and the price target was set at $9.50 (versus a $5.85 close, after a 5.3% drop) at H.C. Wainwright.

Wednesday’s top analyst upgrades and downgrades included ADP, Broadcom, Vale, VMware, Walgreens, Zebra Technologies and in over a dozen more.