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Top Analyst Upgrades and Downgrades: Applied Materials, Baker Hughes, Bloom Energy, Constellation Brands, Deere, JC Penney, Kroger, Nike, Tesla and More

Focus Financial Partners Inc. (NASDAQ: FOCS) was started with a Neutral rating and assigned a $42 price target (versus a $38.50 close) at Goldman Sachs. Merrill Lynch started Focus Financial with a Neutral rating and assigned a $42 price target, and Raymond James started the stock at Outperform.

GlaxoSmithKline PLC (NYSE: GSK) was reiterated as Buy and the American depositary share price target was raised to $47 from $45 at Argus.

J.C. Penney Co. Inc. (NYSE: JCP) saw its shares gutted last week and the analyst downgrade brigade came out fiercely. Now Citigroup has been maintained J.C. Penney as Sell and slashed its price target to $0.50 from $2.00.

Kinross Gold Corp. (NYSE: KGC) was downgraded to Sector Perform from Outperform with a $4.25 price target (versus a $2.89 close) at RBC Capital Markets. The stock was up 2.8% on Friday, and it has a 52-week range of $2.78 to $4.91. The prior consensus target price was $4.75.

Kroger Co. (NYSE: KR) was reiterated as Buy and the price target was raised to $35 from $32 (versus a $31.35 close) at Argus. The shares were indicated up 1% at $31.70 on Monday, in a 52-week range of $19.69 to $31.71. Its consensus target price is $30.45.

Liquidia Technologies Inc. (NASDAQ: LQDA) was started as Buy with a $30 target at Needham, and Cowen started it as Outperform with a $14.90 price target.

News Corp. (NASDAQ: NWSA) was downgraded to Underweight from Equal Weight and the price target was cut to $12.50 from $17.00 (versus a $13.90 close) at Morgan Stanley.

Nike Inc. (NYSE: NKE) was raised to Overweight from Neutral and the price target was raised to $93 from $72 at Piper Jaffray. Nike also was upgraded to Positive from Neutral and the price target lifted to $93 from $78 at Susquehanna.

Park Hotels & Resorts Inc. (NYSE: PK) was downgraded to In-Line with a $33 price target (versus a $32.90 close) at Evercore ISI.

Tenable Holdings Inc. (NASDAQ: TENB) has seen its quiet period come to an end and analysts are starting coverage after its $31.33 close on Friday. Morgan Stanley started it as Equal Weight with a $31 price target. Deutsche Bank assigned a Buy rating with $40 price target. Stifel started Tenable with a Buy rating and gave it a $43 target price, and BTIG started it as Buy with a $41 price target. Tenable was started as Neutral with a $36 target at JPMorgan.

Tesla Inc. (NASDAQ: TSLA) was trading lower after JPMorgan lowered its price target back down to $195 from $308 as its interpretation of more recent events implies that funding was not secured for a go-private transaction. Tesla shares closed down almost 9% at $305.50 on Friday, and shares were indicated down 6% at $286.00 on Monday.

YogaWorks Inc. (NASDAQ: YOGA) was downgraded to Market Perform from Outperform at Cowen. The shares closed down 1.6% at $1.18 on Friday, in a 52-week range of $1.08 to $4.50.

Friday’s top analyst upgrades and downgrades included DSW, Dean Foods, Fluor, JD.com, Nvidia, Viper Energy, Walmart and many more.

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