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Top Analyst Upgrades and Downgrades: Bed Bath & Beyond, Caterpillar, FirstEnergy, Gilead, Intel, Starbucks, Yamana Gold and More

Intel Corp. (NASDAQ: INTC) was down 0.45% at $45.30 ahead of earnings on Thursday, but server strength and guidance (as well as little to no financial impact from Spectre/Meltdown) had the shares up 5.6% at $47.84 ahead of Friday’s opening bell. Mizuho reiterated its Buy rating on Intel and raised its price target to $52 from $47. Credit Suisse threw in the towel and upgraded Intel to Outperform from Neutral and raised its price target to $55 from $42.

Jack in the Box Inc. (NASDAQ: JACK) was raised to Outperform from Neutral with a $115 price target (versus a $94.54 close) at Wedbush Securities. The firm sees store sales stabilizing in the second quarter and visibility into free cash flow as being likely by year-end.

Maxim Integrated Products Inc. (NASDAQ: MXIM) was down 2.2% at $55.12 on Friday. Drexel Hamilton reiterated its Buy rating on Maxim and raised its target price to $63 from $60. The consensus price target is $54.36, and the 52-week range is $43.08 to $58.04.

Microsemi Corp. (NASDAQ: MSCC) was down 2.7% at $61.73 on Thursday. It was reiterated as Buy at Mizuho and the price target was raised to $70 from $62. Shares were indicated up less than 0.5% on Friday, and the consensus target price is $64.45.

Starbucks Corp. (NASDAQ: SBUX) was down 0.46% at $60.55 on Thursday ahead of earnings, and shares were indicated down 4.6% at $57.75 on Friday morning on the heels of its report. Wedbush maintained its Outperform rating with a $70 price target, noting that the 2% same-store sales growth will be offset by a tax contribution that was better than expected. Credit Suisse maintained its Neutral rating on Starbucks.

Travelers Companies Inc. (NYSE: TRV) was raised to Neutral from Underweight at Atlantic Equities. The stock closed up 0.6% at $148.47 on Friday, and the frequently forgotten Dow component has a 52-week trading range of $113.76 to $148.88. Travelers had a consensus target price of $141.65.

Whirlpool Corp. (NYSE: WHR) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets. It has a 52-week range of $158.80 to $202.99.

Yamana Gold Inc. (NYSE: AUY) was raised to Outperform from Neutral with a $4.25 price target (versus a $3.56 close, after a 3.2% drop) at Credit Suisse. The 52-week range is $2.21 to $3.80, and the consensus target price is $3.74.

Credit Suisse has raised its gold outlook for 2018, noting U.S. dollar weakness driving the price to an average of $1,375 per ounce this year.

Other key analyst calls with less detail were seen as follows:

Aerie Pharmaceuticals Inc. (NASDAQ: AERI) was started as Buy with a $78 price target at Seaport Global.

BioDelivery Sciences International Inc. (NASDAQ: BDSI) was started as Buy with a $16 price target at Seaport Global.

Exponent Inc. (NASDAQ: EXPO) was raised to Buy from Hold at SunTrust Robinson Humphrey.

SL Green Realty Corp. (NYSE: SLG) was raised to Buy from Hold at Stifel.

Teladoc Inc. (NYSE: TDOC) was started as Buy with a $40 price target at Jefferies.

Union Pacific Corp. (NYSE: UNP) was downgraded to Neutral from Buy at Seaport Global.

Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) was started as Buy with a $16 price target at Seaport Global.

Thursday’s top analyst calls included Abbott Labs, Amazon.com, CME, Foot Locker, General Electric, Home Depot, Lam Research and many more.

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