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Top Analyst Upgrades and Downgrades: AEP, American Water, BHP Billiton, Boeing, Costco, Crocs, Dollar General, McDonald's, Ulta Beauty and More

Delphi Technologies PLC (NYSE: DLPH) was started as Outperform and assigned a $64 price target (versus a $49.01 close) at Cowen.

Discover Financial Services (NYSE: DFS) was downgraded to Neutral from Buy at Goldman Sachs. Its shares closed down 1.5% at $70.54 on Friday, in a 52-week range of $57.50 to $81.93.

Dollar Tree Inc. (NASDAQ: DLTR) was downgraded to Outperform from Strong Buy at Raymond James. The stock closed down almost 1% at $97.13 on Friday, in a 52-week range of $65.63 to $116.65.

Dollar General Corp. (NYSE: DG) was downgraded to Outperform from Strong Buy at Raymond James. It closed down 0.6% at $96.28 on Friday. The 52-week range is $65.97 to $105.82.

Endocyte (NASDAQ: ECYT) was reiterated as Outperform and the price target was raised to $15 from a prior $7 price target (versus a $9.52 close) at Wedbush Securities. This is after the survival benefit was affirmed in its PSMA-617 in mCRPC (prostate cancer).

Impax Laboratories Inc. (NASDAQ: IPXL) was maintained as Market Perform but the price target was raised to $20 from $18 (versus an $18.35 close) at BMO Capital Markets.

ITT Inc. (NYSE: ITT) was maintained as Buy but the price target was lowered to $59 from $62 (versus a $51.26 close) at Stifel. ITT has a 52-week range of $36.93 to $57.62 and consensus price target of $58.00.

Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX) was maintained as Outperform with a $40 price target at Wedbush after its R&D day updated potentially expanded uses on Xermello and other candidates. The shares closed at $8.09 on Friday.

McDonald’s Corp. (NYSE: MCD) was downgraded to Equal Weight from Overweight at Stephens. McDonald’s closed at $161.73 on Friday, in a 52-week range of $130.91 to $178.70 and with a consensus target price of $187.04.

National Beverage Corp. (NASDAQ: FIZZ) was started as Outperform with a $125 price target (versus an $89.49 close) at Imperial Capital. The 52-week range is $81.65 to $129.82 and the consensus target price is $100.50.

Pure Storage Inc. (NYSE: PSTG) was started with a Buy rating and assigned a $24 price target (versus an $18.78 close, after a 2.3% drop) Deutsche Bank. The shares were indicated up 2.1% at $19.18 on Monday.

Tractor Supply Co. (NASDAQ: TSCO) was raised to Buy from Neutral at Goldman Sachs. This stock closed down 3.1% at $58.32 on Friday but was indicated up 2.9% at $60.00 on Monday.

Ulta Beauty Inc. (NASDAQ: ULTA) was raised to Buy from Neutral at Guggenheim. It closed up 1.4% at $220.88 on Friday, and the shares were indicated up 2.1% at $225.60 on Monday. The 52-week range is $187.96 to $314.86, and the consensus target price is $250.30.

Friday’s top analyst calls included BBVA, Bed Bath & Beyond, Dropbox, Eli Lilly, Netflix, Procter & Gamble, Splunk Starbucks and many more.