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Top Analyst Upgrades and Downgrades: AT&T, E*Trade, PG&E, Plug Power, Priceline, Tiffany, VMware and More

ACM Research Inc. (NASDAQ: ACMR) was started with a Buy rating and assigned a $10 price target (versus a $6.75 close) at Craig-Hallum.

Carvana Co. (NYSE: CVNA) was maintained as Neutral with a $14 price target (versus a $16.21 close) at Wedbush Securities. The firm noted that the infrastructure is in place for even faster growth, but Carvana must consider the optimal new market, advertising and inventory levels to drive growth but at the same time remain on plan to reach positive cash flow without raising additional capital.

Fortive Corp. (NYSE: FTV) was raised to Buy from Hold with a price target of $84 (versus a $74.65 close) at Argus.

Kroger Co. (NYSE: KR) was up 6% at $25.86 on Thursday based on better earnings support. Argus reiterated its Buy rating and raised its target price up to $32 from $28.

Oxford Industries Inc. (NYSE: OXM) was downgraded to Hold from Buy at Needham.

Redfin Corp. (NASDAQ: RDFN) was started with an Underweight rating and assigned a $17 price target (versus a $22.78 close) at Stephens. It has a post-IPO trading range of $15.82 to $33.49 so far in 2017. The consensus analyst target was previously listed as $23.71.

SK Telecom Co. Ltd. (NYSE: SKM) was raised to Buy from Neutral at Citigroup. This was after a 3.7% gain to $27.44 on Thursday, but its American depositary shares were indicated lower on Friday. The 52-week range is $20.44 to $28.13.

Stifel Financial Corp. (NYSE: SF) was raised to Outperform from Market Perform with a $64 price target (versus a $56.24 prior close) at Wells Fargo.

Synchrony Financial (NYSE: SYF) was reiterated as Buy and the price target was raised to $44 from $40 (versus a $35.89 close) at Jefferies.

TD Ameritrade Holding Corp. (NASDAQ: AMTD) was started with an Underperform rating and assigned a $45 price target (versus a $51.17 close) at Credit Suisse.

Ulta Beauty Inc. (NASDAQ: ULTA) was indicated down 5.7% at $209.12 on Friday morning after the prior day’s earnings report. It was maintained as Buy with a $300 price target at Jefferies, with the firm seeing Ulta delivering highly attractive sales and profit gains despite unanticipated headwinds.

UniQure N.V. (NASDAQ: QURE) was started with a Buy rating and assigned a $28 price target (versus a $15.14 close) at H.C. Wainwright.

Vantiv Inc. (NYSE: VNTV) was raised to Outperform from Neutral with a $100 price target (versus a $75.00 prior close) at Wedbush.

Many of the top chip semiconductor and processing power tech companies have come under pressure in recent days, but Merrill Lynch is quite positive on five of the major winners for 2018.

Thursday’s top analyst upgrades and downgrades included Amazon.com, Barrick Gold, Boston Scientific, Chipotle Mexican Grill, Gap, Gilead Sciences, Goldcorp, Workday and many more.

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