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Top Analyst Upgrades and Downgrades: Alcoa, Cisco, eBay, IBM, P&G, Square, Tesla, United Continental, Visa and More

Jon C. Ogg

Kimberly-Clark Co. (NYSE: KMB) was started with a Sell rating and assigned a $90 price target at UBS.

Mastercard Inc. (NYSE: MA) was reiterated as Overweight and the price target was raised to $224 from $205 (versus a $208.36 close) at Morgan Stanley.

Morgan Stanley (NYSE: MS) was raised to Market Perform from Underperform at Bernstein.

NextEra Energy Inc. (NYSE: NEE) was reiterated as Overweight and the price target was raised to $178 from $168 at KeyBanc Capital Markets.

Procter & Gamble Co. (NYSE: PG) was downgraded to Neutral from Buy with an $83 price target (versus a $79.72 close) at UBS. The 52-week trading range is $70.73 to $94.67, and the consensus analyst target is $80.98.

Square Inc. (NYSE: SQ) closed down four cents to $68.29 on Wednesday but was indicated up 1% at $69.00 on Thursday. The stock was maintained as Equal Weight at Morgan Stanley, but the price target jumped to $75 from $42. Credit Suisse raised it to Outperform from Neutral and raised its price target all the way up to $81 from $44.

Tesla Inc. (NASDAQ: TSLA) was downgraded to Underperform from an already cautious Hold rating at Needham. The firm noted valuation, slowing Model S sales and an unsustainable capital structure in its call as reasons for the downgrade. Shares closed up 0.36% at $323.85 on Wednesday, but they were indicated down 2.2% at $316.80 on Thursday morning. Tesla’s 52-week range is $244.59 to $389.61, and it had a consensus target price of $290.32.

United Continental Holdings Inc. (NYSE: UAL) was raised to Outperform from Neutral at Macquarie. Buckingham Research reiterated its Buy rating and raised its target to $106 from $96, and Morgan Stanley maintained its Equal Weight rating while raising its target to $77 from $76. The shares closed up 8.8% at $79.00 on Wednesday after it posted an earnings beat, and the new 52-week range is $56.51 to $79.49.

U.S. Bancorp (NYSE: USB) was reiterated as Neutral with a $59 price target (versus a $50.64 close) at Wedbush.

Visa Inc. (NYSE: V) was reiterated as Overweight and the price target was raised to $165 from $142 (versus a $140.90 close) at Morgan Stanley.

Wednesday’s top analyst calls were in Avon, Broadcom, CDW, CSX, Goldman Sachs, Starbucks, Twitter, Under Armour, Windstream and many more.