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Top Analyst Upgrades and Downgrades: Alcoa, Altria, Ford, GoPro, NVIDIA, International Paper, Transocean and Many More

AmeriGas Partners L.P. (NYSE: APU) was downgraded to Underperform from Neutral at Merrill Lynch, but the cut was largely on valuation.

Array BioPharma Inc. (NASDAQ: ARRY) was downgraded to Neutral from Overweight with a $10 price target (versus a $10.87 close) at JPMorgan.

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

Charles Schwab Corp. (NYSE: SCHW) was down 5.2% at $39.17 on Thursday after cutting its trading prices. Schwab was reiterated as Outperform at Credit Suisse but they did trim the price target to $44 from $45. Merrill Lynch reiterated its Buy rating as well with a $47 price objective, based on an outlook of healthy growth and upside from higher interest rates and higher margins.

Clovis Oncology Inc. (NASDAQ: CLVS) was downgraded to Sell from Neutral at Chardan Capital.

Eaton Corp. (NYSE: ETN) was downgraded to Neutral from Overweight and the price target was cut to $70 from $75 at JPMorgan. Credit Suisse maintained its Outperform rating and raised its target price to $77 from $75.

Ensco PLC (NYSE: ESV) was raised to Outperform from Neutral at Credit Suisse.

Fiat Chrysler Automobiles N.V. (NYSE: FCAU) was raised to Equal Weight from Underweight and the price target was raised to $10 from $5.50 at Barclays. Fiat Chrysler was indicated up 0.9% at $11.00 on Friday.

Kennametal Inc. (NYSE: KMT) was raised to Neutral from Underweight and the price objective was raised to $36 from $27 at JPMorgan. Credit Suisse maintained its Neutral rating but raised its target price to $36 from $30.

Lululemon Athletica Inc. (NASDAQ: LULU) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

Magellan Midstream Partners L.P. (NYSE: MMP) was downgraded to Neutral from Buy at UBS.

Monster Beverage Corp. (NASDAQ: MNST) was reiterated as Outperform with a $59 price target (versus a $41.81 close) at Credit Suisse. The firm sees more conviction that Monster’s sales have geared up for reacceleration in 2017 after a year in transition to the Coke system.

NuSTAR Energy L.P. (NYSE: NS) was downgraded to Neutral from Buy at Citigroup.

Paylocity Corp. (NASDAQ: PCTY) was raised to Buy from Underperform and the price objective was raised to $40 from $37 at Merrill Lynch. The firm noted that the ACA headwind risk has faded and it will improve profit and with a discounted valuation. Paylocity shares were indicated up 10.7% at $33.12 after its earnings reaction.

Ralph Lauren Corp. (NYSE: RL) was downgraded to Underweight from Neutral at Piper Jaffray, a day after Ralph Lauren shares fell 12.3% to $76.61 and after hitting a 52-week low of $76.18.

TD Ameritrade Holding Corp. (NASDAQ: AMTD) was raised to Outperform from Neutral with a $48 price target at Credit Suisse. Merrill Lynch reiterated its Buy rating and said that the move lower on Thursday was an overreaction and that this creates an attractive entry point. Thursday’s drop was 9.5% to $41.70, but shares were indicated up 2.2% at $42.64 on Friday.

Thursday’s top analyst upgrades and downgrades included Acacia, Facebook, Lululemon, Shutterfly, Transocean, United Rentals, Urban Outfitters and over a dozen more.