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Top Analyst Upgrades and Downgrades: Activision Blizzard, Cleveland-Cliffs, Delphi, Lululemon, McDonald's, Disney, Wells Fargo and More

Marathon Oil Corp. (NYSE: MRO) was raised to Outperform from Market Perform at BMO Capital Markets. The shares closed up 2.8% at $20.52 on Friday and were indicated up 1.5% at $20.83 on Monday. Marathon Oil has a consensus target price of $24.59.

McDonald’s Corp. (NYSE: MCD) was raised to Outperform from In-Line at Evercore ISI. McDonald’s closed up 0.5% at $163.82 on Friday and was indicated up almost 1% at $165.25 on Monday, compared with a consensus target price of $184.85.

Monster Beverage Corp. (NASDAQ: MNST) was downgraded to In-Line from Outperform at Evercore ISI Group. It closed up almost 0.9% at $53.29 on Friday and was indicated down 1.6% at $52.42 on Monday. The consensus target price is $65.75.

Netflix Inc. (NASDAQ: NFLX) was maintained as Buy at Goldman Sachs, but the firm lowered its price target to $430 from $470 ahead of this week’s earnings report. Netflix closed up 5.75% at $339.56 on Friday and was indicated down less than 0.2% on Monday. It had a consensus target price of $380.83.

Nucor Corp. (NYSE: NUE) was downgraded to Neutral from Outperform at Credit Suisse. Shares closed up just 0.6% at $60.81 on Friday and were indicated down 1.3% at $60.03 on Monday. The consensus target price is $77.12.

Ralph Lauren Corp. (NYSE: RL) was raised to Overweight from Neutral and that price target was raised to $150 at JPMorgan.

Rockwell Automation Inc. (NYSE: ROK) was downgraded to Underperform from Market Perform and the target price was lowered to $150 from $175 (versus a $172.79 close) at Cowen.

Steel Dynamics Inc. (NASDAQ: STLD) was downgraded to Neutral from Outperform at Credit Suisse.

Vail Resorts Inc. (NYSE: MTN) was raised to Outperform from Neutral at Macquarie. The stock closed up 2.6% at $245.85 a share on Friday and was indicated up almost 1% at $248.00 on Monday.

Walt Disney Co. (NYSE: DIS) was reiterated as Overweight and the price target was raised to $135 from $130 (versus a $112.61 close) at Morgan Stanley. Disney was indicated down 0.7% at $111.80 on Monday, while consensus analyst target is $119.13.

Wells Fargo & Co. (NYSE: WFC) was raised to Outperform from Neutral at Macquarie. Wells Fargo closed up 1.3% at $52.11 on Friday, in a 52-week range of $50.26 to $66.31 and with a consensus target price of $62.20.

Zoetis Inc. (NYSE: ZTS) was raised to Overweight from Neutral with a $100 price target (versus an $88.90 close, after a 2.2% gain) at JPMorgan. It was indicated up 1.6% at $90.30 on Monday and has a consensus target price of $95.55.

Friday’s top analyst calls were included Alibaba, Amazon.com, Facebook, General Electric, 3M, Microsoft, Netflix, Snap, Square, Twitter and many more.

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