Top Analyst Upgrades and Downgrades: AutoZone, Basic Energy Services, Discover Financial, McDonald’s, Lending Tree, Shake Shack and More

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McDonald’s Inc. (NYSE: MCD) was added to the Conviction Buy List at Goldman Sachs. The 52-week trading range for the fast-food goliath is $143.40 to $178.70. The consensus price objective is $186.69. Shares closed Friday at $165.03.

Shake Shack Inc. (NYSE: SHAK) was downgraded to Underweight from Neutral at JPMorgan, which has a $49 price target. That compares with the consensus target of $42.10. The 52-week trading range is $30.12 to $58.98. The stock closed trading on Friday at $55.95.

Summit Midstream Partners L.P. (NYSE: SMLP) was downgraded to Market Perform from Outperform at Wells Fargo. The 52-week trading range is $13.10 to $24.75, and the consensus price target is $18.30. Shares ended on Friday trading at $14.50 apiece.

Zuora Inc. (NYSE: ZUO) was started with a Buy rating at Needham with a $24 price objective. Canaccord Genuity initiated coverage with a Hold rating and a $20 target, while Morgan Stanley started the shares at Equal Weight with a $19 price target. The consensus target was not available, perhaps as this was a new issue in April. The trading range for the shares since the IPO is $19.00 to $21.85. The stock closed Friday at $19.55.

Other key analysts upgrades and downgrades were seen in the following.

Achaogen Inc. (NASDAQ: AKAO) was downgraded to Neutral from Guy at Guggenheim. The 52-week range is $9.83 to $27.49. The consensus price target is $21.56. The stock closed on Friday at $11.71.

CVR Refining L.P. (NYSE: CVRR) was raised to Buy from Neutral at Goldman Sachs. The 52-week range is $6.70 to $18.25, and the consensus price target is $15.58. The stock closed above that level on Friday at $17.35.

First Cash Inc. (NYSE: FCFS) was downgraded to Neutral from Outperform at Wedbush. The 52-week range is $51.63 to $91, and the consensus price target is $81. With the shares closing on Friday at $90.85 this could be a valuation call.

First Industrial Realty Trust (NYSE: FR) was raised to Buy from Hold at Mizuho. The 52-week range is $27.49 to $32.41. The consensus price target is $32.31, and the stock closed on Friday at $31.22.

Lending Tree Inc. (NASDAQ: TREE) was raised to Buy from Hold at UBS. The 52-week range is $144.10 to $404.40. The consensus price target is $341.58. Shares ended the day on Friday at $259.80.

Luminix Corp. (NASDAQ: LMNX) was raised to Neutral from Sell at Deutsche Bank. The stock has traded in a 52-week range of $18.62 to $22.59. The consensus price objective is $21.17, and the stock closed Friday at $21.40.

NiSource Inc. (NYSE: NI) was added to the conviction buy list at Goldman Sachs. The 52-week range is $22.44 to $27.76, and the consensus price target is $26.19. The shares closed Friday a $25.41.

Silgan Holdings Inc. (NASDAQ: SLGN) was raised to Sector Weight from Underweight at KeyBanc Capital Markets. The 52-week range is $26.49 to $32.50. The consensus price target is $31.17, and the stock closed Friday at $27.20.

In case you missed it, last Friday’s top analyst upgrades and downgrades included Amazon.com, Fortinet, Live Nation, Pandora Media, Sally Beauty, World Wrestling Entertainment and more.

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