Hershey Co. (NYSE: HSY) was downgraded to Underweight from Equal Weight with a $105 price target (versus a $113.78 close) at Morgan Stanley.
Legg Mason Inc. (NYSE: LM) was downgraded to Hold from Buy at Jefferies.
Imax Corp. (NYSE: IMAX) was downgraded to Neutral From Overweight by Piper Jaffray.
Juniper Networks, Inc. (NYSE: JNPR) was started as Neutral at Piper Jaffray.
Lumentum Holdings Inc. (NASDAQ: LITE) was raised to Overweight from Equal Weight with a $67 price target (versus a $50.45 close) at Barclays.
Lloyds TSB Group PLC (NYSE: LYG) was downgraded to Equal Weight from Overweight at Morgan Stanley.
3M Co. (NYSE: MMM) was maintained as Hold at Deutsche Bank, but the firm raised its price target to $240 from $180. Shares closed up 0.6% at $241.28 on Tuesday.
Medical Properties Trust Inc. (NYSE: MPW) was downgraded to Hold from Buy at Deutsche Bank.
Methanex Corp. (NASDAQ: MEOH) was maintained as Outperform and the price target was raised to $69 from $65 at Cowen.
Morgan Stanley (NYSE: MS) was raised to Overweight from Neutral at Atlantic Equities.
Royal Bank of Scotland PLC (NYSE: RBS) was raised to Overweight from Equal Weight at Morgan Stanley.
Target Corp. (NYSE: TGT) was raised to Positive from Neutral and the price target was raised to $84 from $54 at Susquehanna.
Total System Services Inc. (NYSE: TSS) was raised to Outperform from In-Line at Evercore ISI.
United Continental Holdings Inc. (NYSE: UAL) was raised to Buy from Neutral with a $90 price target (versus a $68.48 close) at Citigroup. Cowen also raised its target on United Continental to $74 from $73.
Vipshop Holdings Ltd. (NYSE: VIPS) was raised to Buy from Neutral and the price target was raised to $16.50 from $9.50 at Instinet.
Wells Fargo & Co. (NYSE: WFC) was raised to Neutral from Underweight at Atlantic Equities. Wells Fargo closed up 0.35% at $62.26 on Tuesday and was indicated up 0.6% more at $62.65 on Wednesday.
Workday Inc. (NASDAQ: WDAY) was raised to Overweight from Equal Weight with a $145 price target (versus a $109.70 close) at Morgan Stanley.
Morgan Stanley raised its exposure to European equities and lowered its exposure to U.S. equities due to a view of limited upside after already coming close to its annual targets.
Tuesday’s top analyst upgrades and downgrades included AK Steel, Carnival, FedEx, PayPal, Sunoco, Teva Pharmaceutical, Under Armour, Wells Fargo and many more.
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