Top Analyst Upgrades and Downgrades: Abbott Labs, Alphabet, AMD, FireEye, Gap, Golar LNG, Nike and More

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Nike Inc. (NYSE: NKE) was raised to Outperform from Neutral at Oppenheimer. The 52-week trading range for the shoe and apparel giant is $51.48 to $86.04. The consensus price target is $87.69. The stock closed trading on Wednesday at $76.48.

Gap Inc. (NYSE: GPS) was downgraded to Underweight from Neutral at JPMorgan. The clothing retailer has traded in a 52-week range of $25.36 to $35.68, and the consensus price target is $32.53. Shares closed trading on Wednesday at $27.13.

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

BJ Wholesale Club Holdings Inc. (NYSE: BJ) was started with a Perform rating at Oppenheimer. The 52-week trading range is $20.56 to $32.92, and the consensus price target is $29.69. The shares closed way below that level on Wednesday at $23.98.

Cummins Inc. (NYSE: CMI) was started with a Buy rating at Loop Capital. The 52-week trading range for the shares is $129.90 to $194.18. The consensus price target is set at $159.50, and the stock closed trading Wednesday at $146.19.

Healthcare Realty Inc. (NYSE: HR) was started with an Underperform rating at Raymond James. The stock has traded between $26.09 and $33.08 over the past year, and the consensus price target is set at $30.56. The shares ended trading at $28.10 on Wednesday.

Mimecast Ltd. (NASDAQ: MIME) was started with an Outperform rating at Baird. The 52-week trading range is $26.50 to $46.87. The posted consensus price target is $48.77. The stock ended trading on Wednesday at $36.94 a share.

Norfolk Southern Inc. (NYSE: NSC) was downgraded to Neutral from Buy at Merrill Lynch. The 52-week trading range for the railroad transport giant is $125.59 to $186.91. The consensus price target is set at $187.68, and the stock closed trading on Wednesday at $169.

PACCAR Inc. (NYSE: PCAR) was started with a Hold rating at Loop Capital. The shares have traded between $59.82 and $79.69 over the past year. The consensus price target is set at $71.50, and the stock ended trading on Wednesday at $61.74.

PulteGroup Inc. (NYSE: PHM) was downgraded to Neutral from Buy at Merrill Lynch. The 52-trading range is $22.53 to $35.21, and the consensus price objective is posted at $30.94. There are concerns across Wall Street for the homebuilders as mortgage rates are at the highest level in seven years.

Teradyne Inc. (NYSE: TER) was downgraded to Neutral from Buy at Goldman Sachs. The stock has traded in a 52-week range of $32.06 to $50.48, and the consensus price objective is $44.47. The stock ended trading Wednesday at $34.14.

Wednesday’s top analyst upgrades and downgrades included Cree, Goldman Sachs, Home Depot, IBM, Lennar, NetApp, Netflix, Starbucks, United Continental and many more.

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