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Top Analyst Upgrades and Downgrades: Abbott Labs, Albermarle, Boston Scientific, BP, Embraer, Intuit, Marathon Oil, Norfolk Southern and More

MercadoLibre Inc. (NASDAQ: MELI) was started as Sector Weight at KeyBanc Capital Markets.

NCR Corp. (NYSE: NCR) already was rated as Outperform but was added to the Top Picks list with a $40 target price at RBC Capital Markets.

Norfolk Southern Corp. (NYSE: NSC) was raised to Overweight from Neutral and the price target was raised to $203 from $198 at JPMorgan.

NuVasive Inc. (NASDAQ: NUVA) was started with an Outperform rating and assigned a $66 price target at Credit Suisse.

Plymouth Industrial REIT Inc. (NYSE: PLYM) was started with an Outperform rating and assigned a $16 price target (versus an $11.87 close) at Wedbush Securities.

Prologis Inc. (NYSE: PLD) was raised to Buy from Hold with a $72 price target at Deutsche Bank.

Public Storage (NYSE: PSA) was raised to In-Line from Underperform with a $217 price target at Evercore ISI Group.

Stryker Corp. (NYSE: SYK) was started with an Outperform rating and assigned a $195 price target at Credit Suisse.

Tailored Brands Inc. (NYSE: TLRD) was started with a Buy rating and assigned a $20 price target (versus a $13.46 close) at B. Riley. This is the merged parent of Men’s Wearhouse, Jos. A. Bank and other store brands.

WABCO Holdings Inc. (NYSE: WBC) was downgraded to Equal Weight from Overweight and the target price was lowered to $117 from $124 (versus a $103.09 close) at Morgan Stanley.

Washington Prime Group Inc. (NYSE: WPG) was downgraded to Sell from an already cautious Neutral rating at Goldman Sachs.

Zimmer Biomet Holdings Inc. (NYSE: ZBH) was started with an Underperform rating and assigned a $102 price target at Credit Suisse.

24/7 Wall St. has noted that some of the price targets from major firms will be changing based on volatility. Credit Suisse had been the most bullish of the major firms, with a 3,350 target for the S&P 500 at end of 2019. That target was just ratcheted down handily to 2,925. While this is almost 15% upside still forecast, and while the firm kept its EPS targets unchanged for 2019 and 2020, the lower price target reflects the recent market volatility rather than a change in the fundamental backdrop.

Monday’s top analyst calls included Best Buy, Emerson Electric, Genpact, IBM, Lululemon Athletica, Manchester United, Sherwin-Williams, SCANA and many more.