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Top Analyst Upgrades and Downgrades: Alphabet, Amazon, Dell, IBM, International Paper, Merck, Pfizer, Tesla, Teva, Walmart and More

Jon C. Ogg

Kraft Heinz Co. (NASDAQ: KHC) was started as Neutral at Guggenheim. Shares closed at $47.28, in a 52-week range of $41.60 to $80.59. The consensus price target is $56.33.

Merck & Co. Inc. (NYSE: MRK) was downgraded to Market Perform from Outperform at BMO Capital Markets. Shares closed at $75.83, with a consensus analyst target of $81.54. The stock has a 52-week trading range of $52.83 to $80.19.

Mylan N.V. (NASDAQ: MYL) was downgraded to Neutral from Buy and the price target was slashed to $32 from $54 (versus a $28.89 close) at UBS. The stock was indicated down 0.5% at $28.75 on Wednesday, and its consensus target price was $42.25.

Oasis Petroleum Inc. (NYSE: OAS) was downgraded to Neutral from Buy and the price target was lowered to $7 from $10 (versus a $6.14 close, after a 9.4% drop) at Citigroup.

Pfizer Inc. (NYSE: PFE) was downgraded to Neutral from Buy at UBS. Shares closed at $42.27, in a 52-week range of $33.20 to $46.47. The consensus price target is $45.35.

Scorpio Tankers Inc. (NYSE: STNG) was downgraded to Neutral from Overweight at JPMorgan. Shares closed at $20.03. The consensus price target is $31.92, and the 52-week trading range is $14.80 to $32.50.

Tesla Inc. (NASDAQ: TSLA) was downgraded to Underperform from Sector Perform and the price target was lowered to $245 from $290 at RBC Capital Markets. The stock last closed at $298.92, in a 52-week range of $244.59 to $387.46. The consensus price target is $334.53.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was raised to Neutral from Underweight with a $16 price target at Piper Jaffray. UBS started it with a Buy rating, noting that the beaten-down shares are now overpricing concerns about the balance sheet. Shares were indicated up 3% at $19.33 on Wednesday, and the consensus analyst target was $22.35.

Texas Roadhouse Inc. (NASDAQ: TXRH) was downgraded to Hold from Buy at Stifel. The most recent close at $66.00 compares with a consensus price target of $64.40. The 52-week trading range is $53.05 to $75.24.

Toll Brothers Inc. (NYSE: TOL) was downgraded to Neutral from Buy with a $39 target price at Mizuho. Shares closed at $34.49. The 52-week range is $28.68 to $52.37, and the consensus price target is $38.53.

Walmart Inc. (NYSE: WMT) was raised to Overweight from Equal Weight with a $110 target price at Morgan Stanley. The stock closed most recently at $97.49, with a consensus price target of $106.81. The 52-week trading range is $81.78 to $109.98.

Tuesday’s top analyst calls included Altria, Electronic Arts, Embraer, Gap, Kinder Morgan, Netflix, Take-Two Interactive Software, Under Armour and many more.