Top Analyst Upgrades and Downgrades: Bristol-Myers, Chesapeake Energy, Coca-Cola, Dropbox, GrubHub, Merck, Netflix, Twitter and More

National Oilwell Varco Inc. (NYSE: NOV) was down almost 7.2% at $37.98 on Monday as the company warned that revenues would be light due to lower progress on new offshore rig construction. B. Riley has downgraded the shares to Neutral from Buy, and the firm’s new price target is just $40.

Netflix Inc. (NASDAQ: NFLX) was last seen up 7.2% at $330.00 after yet another positive earnings report with strong subscriber numbers. Netflix was maintained as Overweight and the price target was raised to $385 from $300 at KeyBanc Capital Markets. Stifel maintained its Hold rating and raised its target to $345 from $325. Wedbush Securities has maintained its Underperform rating, but it did raise its price target to $125 from $110.

Netlist Inc. (NASDAQ: NLST) was downgraded to Neutral from Buy at Roth Capital.

Newell Brands Inc. (NYSE: NWL) was raised to Outperform from Market Perform at Wells Fargo.

NextDecade Corp. (NASDAQ: NEXT) was started with a Buy rating and assigned a $10 price objective (versus a $5.30 close) at Merrill Lynch.

PepsiCo Inc. (NYSE: PEP) was downgraded to Sell from Neutral with a $110 target price (versus a $109.92 close) at Goldman Sachs.

Range Resources Inc. (NYSE: RRC) was downgraded to Neutral from Buy with a $16 price target (versus a $14.51 close) at Citigroup.

Southwestern Energy Co. (NYSE: SWN) was downgraded to Neutral from Buy with a $5 price target (versus a $4.43 close) at Citigroup.

Synchrony Financial (NYSE: SYF) was started as Outperform and was assigned a $45 price target at RBC Capital Markets.

Time Warner Inc. (NYSE: TWX) was downgraded to Hold from Buy with a $105 price target (versus a $97.34 close) at Pivotal Research.

Twitter Inc. (NYSE: TWTR) was raised to Equal Weight from Underweight at Morgan Stanley. The shares were down 0.6% at $28.58 on Monday but were indicated up 2.2% at $29.20 on Tuesday, as one of the “sell” equivalent ratings has been removed.

World Wrestling Entertainment Inc. (NYSE: WWE) was downgraded to Neutral from Overweight at JPMorgan.

Monday’s top analyst calls included American Electric Power, American Water Works, BHP Billiton, Boeing, Costco, Dollar General, McDonald’s, Ulta Beauty and many more.