Top Analyst Upgrades and Downgrades: Amazon, Boeing, Chesapeake Energy, Eli Lilly, Gilead, Micron, NVIDIA, P&G, Qualcomm and More

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Hershey Co. (NYSE: HSY) was downgraded to Sell from Buy with a $101 target price (versus a $109.27 close) at Goldman Sachs.

HollyFrontier Corp. (NYSE: HFC) was raised to Neutral from Underperform with a $49 price target (versus a $52.51 close) at Macquarie.

Hortonworks Inc. (NYSE: HDP) was downgraded to Neutral from Outperform but the price target was raised to $23 from $20 at Credit Suisse.

Infosys Ltd. (NYSE: INFY) was raised to Overweight from Equal Weight at Morgan Stanley.

Lam Research Corp. (NASDAQ: LRCX) was raised to Positive from Neutral with a $250 price target (versus a $188.51 close) at Susquehanna.

Micron Technology Inc. (NASDAQ: MU) was maintained as Buy at Argus after it and Intel announced that they will cease collaborative development efforts and work independently on future generations of 3D NAND. The firm sees a minimal impact for Micron and has a $55 price target (versus a $42.81 close).

Newmont Mining Corp. (NYSE: NEM) was downgraded to Hold from Buy with a $42 price target (versus a $39.79 close) at Deutsche Bank.

NVIDIA Corp. (NASDAQ: NVDA) was reiterated as Buy and the price target was raised to $240 from $225 (versus a $222.98 close) at Mizuho.

ONEOK Inc. (NYSE: OKE) was raised to Outperform from Sector Perform with a $68 price target (versus a $58.67 close) at RBC Capital Markets.

Paychex Inc. (NASDAQ: PAYX) was reiterated as Buy and the price target was raised to $75 from $73 (versus a $67.66 close) at Argus.

PNC Financial Services Group Inc. (NYSE: PNC) was reiterated as Buy and the price target was raised to $170 from $150 (versus a $151.84 close) at Argus.

Procter & Gamble Co. (NYSE: PG) was raised to Neutral from Sell at Goldman Sachs, noting that pressures have abated but also that long-term growth prospects may be muted.

Qualcomm Inc. (NASDAQ: QCOM) was raised to Buy from Neutral with a $75 price target (versus a $65.38 close) at Instinet. Qualcomm had a consensus target price of $64.94 and a 52-week range of $48.92 to $69.28.

Rio Tinto PLC (NYSE: RIO) was downgraded to Hold from Buy at HSBC.

Southwestern Energy Co. (NYSE: SWN) was downgraded to Underperform from Neutral with a $6 price target (versus a $5.47 close) at Mizuho.

Spark Therapeutics Inc. (NASDAQ: ONCE) was downgraded to Underperform from Neutral with a $35 price target (versus a $52.66 close) at Wedbush Securities. Shares were indicated down 4% at $50.55.

Spirit Airlines Inc. (NYSE: SAVE) was downgraded to Hold from Buy with a $50 price target (versus a $44.99 close) at Stifel.

Sysco Corp. (NYSE: SYY) was raised to Equal Weight from Underweight at Morgan Stanley.

Under Armour Inc. (NYSE: UAA) was downgraded to Underperform from Neutral with an $8 price target (versus a $15.12 close) at Macquarie.

Vale S.A. (NYSE: VALE) was downgraded to Hold from Buy with a $12.50 price target (versus a $13.53 close) at Deutsche Bank.

Williams-Sonoma Inc. (NYSE: WSM) was downgraded to Neutral from Buy with a $61 price target (versus a $55.49 close) at Goldman Sachs.

Friday’s top analyst upgrades and downgrades included Alphabet, Amazon.com, Apple, Coca-Cola, Comcast, Electronic Arts, Etsy, Facebook, FuelCell, Snap, Walmart and many more.

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