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Top Analyst Upgrades and Downgrades: Freeport-McMoRan, Medtronic, Northrup Grumman, SailPoint, Stitch Fix, Verizon and More

Adobe Systems Inc. (NASDAQ: ADBE) was downgraded to Neutral from Overweight with a $185 price target (versus a $174.31 close) at JPMorgan.

Bluerock Residential Growth REIT (NYSE: BRG) was downgraded to Neutral from Outperform and the fair value estimate was cut to $12.00 from $12.50 at Wedbush Securities, ahead of a likely dividend cut.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) was downgraded to Neutral from Overweight with a $121 price target (versus a $105.85 close) at JPMorgan.

Columbia Sportswear Co. (NASDAQ: COLM) was downgraded to Neutral from Buy with a $76 price target (versus a $68.28 close) at Goldman Sachs.

D.R. Horton Inc. (NYSE: DHI) was downgraded to Neutral from Outperform with a $50 price target (versus a $50.47 close) at Wedbush.

General Dynamics Corp. (NYSE: GD) was downgraded to Underweight from Neutral and the price target was cut to $215 from $225 (versus a $199.64 close) at JPMorgan.

GoDaddy Inc. (NYSE: GDDY) was downgraded to Neutral from Overweight with a $54 price target (versus a $48.95 close) at JPMorgan.

Juno Therapeutics Inc. (NASDAQ: JUNO) was down over 14% at $50.24 on Monday, and it was downgraded to Market Perform from Outperform with a $54 price target at Wells Fargo.

M&T Bank Corp. (NYSE: MTB) was raised to Neutral from Sell with a $173 target price (up from a $150 prior target and versus a $170.51 close) at UBS.

Mattel Inc. (NASDAQ: MAT) was downgraded to Hold from Buy at Monnes Crespi Hardt.

Mohawk Industries Inc. (NYSE: MHK) was started as Buy with a $330 price target (versus a $277.37 close) at Jefferies. The firm called Mohawk one of the best-managed companies in the sector, committed to reinvesting in the business to sustain strong organic growth and industry high margins.

Oasis Petroleum Inc. (NYSE: OAS) was downgraded to Hold from Buy with an $11 price target (versus a $10.06 close) at SunTrust Robinson Humphrey.

Pattern Energy Group Inc. (NASDAQ: PEGI) was downgraded to Equal Weight from Overweight with a $25 price target (versus a $21.41 close) at Morgan Stanley. Its shares were down 1.9% at $21.00 on Tuesday.

Raytheon Co. (NYSE: RTN) was downgraded to Neutral from Overweight but the price target was raised to $210 from $190 at JPMorgan.

Regions Financial Corp. (NYSE: RF) was raised to Neutral from Sell with an $18 price target (up from a $15 prior target and versus a $16.98 close) at UBS.

TopBuild Corp. (NYSE: BLD) was started with a Buy rating and assigned a $79 price target (versus a $64.55 close) at Jefferies. The firm called it a top small cap growth idea at a sizable discount to peers that is underappreciated by the market.

U.S. Bancorp (NYSE: USB) was downgraded to Neutral from Buy but the price target was raised to $60 from $58 (versus a $55.27 close) at UBS.

Monday’s top analyst upgrades and downgrades included ADP, Bluebird Bio, DaVita, First Solar, Square, SunPower, U.S. Steel and many more.

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