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Top Analyst Upgrades and Downgrades: AutoZone, Chipotle, Diamondback Energy, Hasbro, Papa John’s, Western Digital and More

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

AECOM (NYSE: ACM) was downgraded to Hold from Buy at Argus. Its 52-week trading range is $30.15 to $39.90, and the consensus price target is $38.63. The stock closed Tuesday at $32.93.

AutoZone Inc. (NYSE: AZO) was raised to Overweight from Equal Weight at Stephens. The auto parts giant has traded between $499.10 and $797.89 over the past year. The consensus price target is $748.78, but shares closed above that level on Tuesday at $754.87.

Avalon Bay Communities Inc. (NYSE: AVB) was downgraded to Neutral from Outperform at Baird. The 52-week trading range for the shares is $152.65 to $193.41, and the consensus price target is $187.44. The stock closed on Tuesday at $178.63.

Brighthouse Financial Inc. (NASDAQ: BHF) was raised to Neutral from Underperform at Credit Suisse. The shares have traded between $39.24 and $67.55 over the past year. The consensus price target is $50.46. The stock ended trading on Tuesday at $41.09, up almost 4% on the day.

Casa Systems Inc. (NASDAQ: CASA) was downgraded to Neutral from Outperform at Macquarie. The stock has traded in a 52-week range of $0.09 to $34.21. The consensus price target is set at $24.60, and the stock closed trading on Tuesday at $15.60. The shares were hammered in the premarket, down a massive 25%, on earnings that looked to exceed analyst estimates, but revenues came in way below estimates.

Incyte Corp. (NASDAQ: INCY) was raised to Outperform from Sector Perform at RBC Capital Markets. The stock has traded in a 52-week range of $60.23 to $140.11, and the consensus price target is $84.31. The stock ended Tuesday at $66.45 a share.

New Gold Inc. (NYSE: NGD) was downgraded to Underperform from Sector Perform at RBC Capital Markets. The 52-week trading range is $1.10 to $4.25. The consensus price target is $3.81, and the shares ended Tuesday at $1.10.

Schnitzer Steel Industries Inc. (NASDAQ: SCHN) was downgraded to Underweight from Equal Weight at Morgan Stanley. The stock has traded between $25 and $38.85 over the past year. The consensus price target is $39. Shares closed way below that level on Tuesday at $28.25.

In case you missed it, Tuesday’s top analyst upgrades and downgrades included Alliance Data Systems, Blackstone, Cognizant Technology Solutions, HCA, Paychex, Salesforce,com, Wynn Resorts, Yext, Zoetis and more.