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Top Analyst Upgrades and Downgrades: Albermarle, Alphabet, Booking, Box, CenturyLink, Cigna, DowDuPont, Kraft Heinz, MercadoLibre, Tesla, Waste Management and More

Jon C. Ogg

Covanta Holding Corp. (NYSE: CVA) was raised to Buy from Neutral at Goldman Sachs. After closing up 1.2% at $16.35, the stock has a consensus target price of $16.94.

DowDuPont Inc. (NYSE: DWDP) was maintained as Buy but the price target was lowered to $70 from $81 (versus a $53.13 close) at Argus. The independent research firm noted that management expects slower global economic expansion in 2019 than in 2018.

Equifax Inc. (NYSE: EFX) was downgraded to Hold from Buy at Deutsche Bank. Shares last closed at $107.77, in a 52-week range of $88.68 to $138.69. The consensus price target is $115.80.

First Data Corp. (NYSE: FDC) was downgraded to Market Perform from Outperform at Raymond James.

Glu Mobile Inc. (NASDAQ: GLUU) was maintained as Neutral with a $9 price target (versus a $10.20 close) at Wedbush. The firm sees guidance as reasonable but also sees multiple hurdles that could limit is growth above expectations.

Illinois Tool Works Inc. (NYSE: ITW) was up almost 3% at $138.41 on Monday but was indicated down 2% at $135.70 on Tuesday. Merrill Lynch downgraded it to Underperform from Neutral and lowered its price objective to $124 from $128.

Kraft Heinz Co. (NASDAQ: KHC) was downgraded to Hold from Buy with a $52 price target (versus a $47.40 close) at Deutsche Bank. Kraft Heinz had a consensus target price of $56.33, and its 52-week trading range is $41.60 to $74.71.

MercadoLibre Inc. (NASDAQ: MELI) was started with a Buy rating and assigned a $438 price target (versus a $368.08 close) at Goldman Sachs.

Principal Financial Group Inc. (NYSE: PFG) was downgraded to Sell from Neutral with a $45 target price (versus a $49.70 close) at UBS. The consensus target price was $52.77.

Rent-a-Center Inc. (NASDAQ: RCII) was downgraded to Neutral from Buy at Janney, with the company noting that the stock basically had achieved the $18 fair value estimate after rising 50% from its intraday lows in December. The consensus target price was $15.64.

Republic Services Inc. (NYSE: RSG) was started as Sector Weight at KeyBanc Capital Markets. Shares last closed at $77.73, in a 52-week range of $60.26 to $78.54. The consensus price target is $77.13.

Rocket Pharmaceuticals Inc. (NASDAQ: RCKT) was started with an Outperform rating and assigned a $39 price target (versus a $14.59 close) at Oppenheimer.

Tesla Inc. (NASDAQ: TSLA) was maintained as Equal Weight at Morgan Stanley, but the firm lowered its target price to $283 from $291. Tesla shares closed at $312.89, and the consensus analyst target is $330.36, but those estimates are very far and wide among the Buy/Sell ratings.

Waste Connections Inc. (NYSE: WCN) was started as Overweight at KeyBanc Capital Markets. Shares last closed at $83.67, in a 52-week range of $65.06 to $84.41. The consensus price target is $87.50.

Waste Management Inc. (NYSE: WM) was started as Overweight at KeyBanc Capital Markets. Shares last closed at $96.00, in a 52-week range of $78.39 to $96.25. The consensus price target is $101.00.

Monday’s top analyst calls included AON, ConocoPhillips, Groupon, Intuit, JinkoSolar, NextEra, WisdomTree, Xilinx, Yelp and many more.