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Top Analyst Upgrades and Downgrades: Amazon, ADP, BHP Billiton, Cloudera, Expedia, Facebook, Hasbro, Mattel, Tesla, Transocean and More

Facebook Inc. (NASDAQ: FB) was maintained as Overweight at Morgan Stanley, but the firm lowered its price target to $200 from $230 despite not seeing any material ad spending reduction from top advertisers. Facebook was last seen down 2% at $153.20 in the premarket despite news that Zuckerbrg would testify.

Gold Fields Inc. (NYSE: GFI) was raised to Sector Perform from Underperform at RBC Capital Markets.

Harris Corp. (NYSE: HRS) was started as Buy with a $196 price target (versus a $159.70 close) at Argus, with the firm citing a strong outlook for a leading military supplier.

Hasbro Inc. (NASDAQ: HAS) was maintained as Hold but the price target was cut to $93 from $98 at Stifel.

Lennar Corp. (NYSE: LEN) was reiterated as Buy with a $90 price objective (versus a $57.09 close) at Merrill Lynch, with the firm noting after strong first-quarter trends that homebuilding remains alive and well. Wedbush maintained its Neutral rating with a $62 price target.

Mattel Inc. (NASDAQ: MAT) was maintained as Hold but the price target was cut to $14.00 from $15.50 at Stifel.

Randgold Resources Ltd. (NASDAQ: RGLD) was downgraded to Underperform from Sector Perform at RBC Capital Markets.

Signet Jewelers Ltd. (NYSE: SIG) saw its earnings estimates cut at Merrill Lynch, along with gross margin pressure, a shift in SG&A spending on the calendar and investments. The stock was down 1.7% at $35.46 on Tuesday and indicated down 4.1% at $34.00 on Wednesday.

SodaStream International Ltd. (NASDAQ: SODA) was started as Buy with a $110 price target (versus a $91.62 close) at B. Riley.

Tesla Inc. (NASDAQ: TSLA) was up almost 6% at $267.53 ahead of production and delivery numbers but shares were last seen down 5.2% at $253.68. Tesla saw its target price cut to $275 from $300 at Independent Research, and RBC lowered its price target to $305 from $380. JPMorgan maintained its Underweight rating and lowered its price target to $185 from $190.

Transocean Ltd. (NYSE: RIG) was raised to Buy from Hold at HSBC. After a 1.9% gain to $9.81 on Tuesday, the shares were last seen down 2% at $9.61. The 52-week range is $7.20 to $13.04.

TripAdvisor Inc. (NASDAQ: TRIP) was started as Neutral with a $42 price target (versus a $39.98 close) at Wedbush. The firm noted that metasearch struggles are overshadowing non-hotel strength.

Trivago N.V. (NASDAQ: TRVG) was started as Neutral with a $7.50 price target (versus a $6.67 close) at Wedbush. The firm says it is waiting to see monetization of strong referral trends and that it sees the CAA acquisition integrating well.

Whirlpool Corp. (NYSE: WHR) was downgraded to Sell from Neutral at Goldman Sachs, and the shares were indicated down 2.9% at $146.80 on Wednesday.

Credit Suisse’s U.S. equity strategy team is addressing the sell-off. It noted that bear markets have historically been driven by recessions or liquidity events. The firm’s Recession Dashboard suggests the likelihood of a recession to be low. It also introduced a framework to evaluate the potential for a disruptive liquidity event, and it shows stress but contained within equities.

Tuesday’s top analyst calls included AngioDynamics, Commercial Metals, Eldorado Resorts, GameStop, Marvell Technology, Spotify, U.S. Steel and many more.