Top Analyst Upgrades and Downgrades: Cedar Fair, Enterprise Products, Foot Locker, Fitbit, Nike, Square, Tesla, Under Armour and More

HollyFrontier Corp. (NYSE: HFC) was started as Neutral at Mizuho.

Hub Group Inc. (NASDAQ: HUBG) was raised to Buy from Hold with a $59 price target (versus a $46.95 close) at Loop Capital.

Lloyds Banking Group PLC (NYSE: LYG) was raised to Neutral from Sell at Citigroup.

Nike Inc. (NYSE: NKE) was started as Overweight and the price target was set at $88 at Morgan Stanley.

Phillips 66 (NYSE: PSX) was started as Neutral and assigned a $124 price target (versus a $123.01 close) at Mizuho.

Royal Dutch Shell PLC (NYSE: RDS-A) was downgraded to Equal Weight from Overweight at Morgan Stanley.

Skechers USA Inc. (NYSE: SKX) was started as Equal Weight and the price target was set at $28 (versus a $27.73 close) at Morgan Stanley.

Square Inc. (NYSE: SQ) was reiterated as Buy and the target price was raised to $76 from $72 at Stifel. Square closed up 3.4% at $66.86 on Wednesday but was indicated down 2.3% at $65.38 on Thursday.

Tesla Inc. (NASDAQ: TSLA) was up 0.9% at $300.84 ahead of earnings on Wednesday, and Thursday’s indications were for shares to open up 9% at $330.00 or so. Oppenheimer raised Tesla to Outperform from Perform with a $385 target price.

Under Armour Inc. (NYSE: UAA) was started with an Equal Weight rating and assigned a $20 target price (versus a $19.09 close) at Morgan Stanley.

Valero Energy Corp. (NYSE: VLO) was started as Neutral and assigned a $125 price target (versus a $116.78 close) at Mizuho.

Wynn Resorts Ltd. (NASDAQ: WYNN) was down 4% at $159.99 ahead of earnings but was down another 4.5% at $152.70 after the earnings report. Stifel maintained its Buy rating but trimmed its target price to $192 from $207. Morgan Stanley maintained it as Equal Weight and cut its target to $187 from $200.

Zynga Inc. (NASDAQ: ZNGA) was up 1.6% at $3.85 on Wednesday ahead of earnings and shares were indicated up about 3% at $3.97 on Thursday morning. Zynga was maintained as Underperform but the price target was raised to $4.90 from $4.00 at Credit Suisse. Morgan Stanley maintained its Overweight rating while raising its price target to $5.00 from $4.70.

Wednesday’s top analyst upgrades and downgrades were in Akamai Technologies, Apple, AutoZone, Dropbox, Electronic Arts, Ford, Kinder Morgan, Pandora Media, Procter & Gamble, Shopify and many more.