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Top Analyst Upgrades and Downgrades: Adobe, Altria, Alphabet, Dollar General, Hyatt, PNC, Salesforce, Snap, Spotify and More

Lennar Corp. (NYSE: LEN) was raised to Overweight from Sector Weight with a $50 price target at KeyBanc Capital Markets.

Owens-Illinois Inc. (NYSE: OI) was downgraded to Neutral from Buy at Barclays.

PNC Financial Services Group Inc. (NYSE: PNC) was downgraded to Neutral from Buy and the price target was lowered to $144 from $154 (versus a $121.23 close) at Goldman Sachs.

PulteGroup Inc. (NYSE: PHM) was raised to Overweight from Sector Weight with a $32 target price (versus a $27.20 close) at KeyBanc Capital Markets.

PVH Corp. (NYSE: PVH) was raised to Buy from Neutral but the target price was lowered to $145 from $170 (versus a $93.87 close) at UBS.

Salesforce.com Inc. (NYSE: CRM) was raised to Buy from Hold with a $164 price target at Pivotal Research. The stock was also added to the Best Ideas List at Wedbush Securities. Shares of Salesforce.com previously closed up almost 6% at $137.96, and they were indicated up another 2% at $140.70 on Monday, in a 52-week trading range of $102.37 to $161.19 and with a prior consensus target price of $171.78.

Skyworks Solutions Inc. (NASDAQ: SWKS) was downgraded to Perform from Outperform at Oppenheimer.

Silgan Holdings Inc. (NASDAQ: SLGN) was raised to Buy from Neutral with a $27 target price (versus a $23.66 close) at Citigroup.

Snap Inc. (NYSE: SNAP) was downgraded to Hold from Buy and the target price was lowered to $6 from $8 at Pivotal Research. Snap closed up 4.7% at $5.95 on Friday but was indicated down about 1% on Monday. Its 52-week range is $4.82 to $21.22.

Spotify Technologies S.A. (NYSE: SPOT) was downgraded to Neutral from Buy at Guggenheim. Spotify closed up 8.7% at $118.51 on Friday but was indicated down about 1% on Monday, in a 52-week range of $103.29 to $198.99.

Trustmark Corp. (NASDAQ: TRMK) was downgraded to Underperform from Market Perform at Raymond James.

Urban Outfitters Inc. (NASDAQ: URBN) was raised to Hold from Sell with a $35 price target (versus a $31.68 close) at Deutsche Bank.

See also six health care picks are set to scream higher in 2019 and five stocks under $10 that have big analyst upside calls for 2019.

Friday’s top analyst upgrades and downgrades included Bed Bath & Beyond, CBOE, eBay, Etsy, Intel, Netflix, Nokia, Snap, UTC, Vonage and many more companies.