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Top Analyst Upgrades and Downgrades: Allergan, Costco, Cree, Dollar Tree, Eli Lilly, FedEx, Mylan, NextEra, Peabody, Teva, Yum Brands and More

FirstEnergy Corp. (NYSE: FE) was raised to Overweight from Equal Weight and the price target was raised to $46 from $40 (versus a $40.41 close) at Barclays.

Monster Beverage Corp. (NASDAQ: MNST) was downgraded to Neutral from Buy with a $59 price target (versus a $57.92 close, after a 4.5% drop) at Goldman Sachs. The consensus target price is $67.63, and the stock was indicated down another 1.9% at $56.81 in early Wednesday trading.

Mylan N.V. (NASDAQ: MYL) was started with a Buy rating and assigned a $35 target price (versus a $28.62 close) at SunTrust Robinson Humphrey. It has a consensus target price of $36.40.

Nevro Corp. (NYSE: NVRO) was up 0.8% at $44.77 as of Tuesday’s close, but the medical device company for pain was up 22% at $54.80 after reaching an agreement with Broadfin Capital. Merrill Lynch raised its rating to Buy from Neutral with a $70 price objective. Wells Fargo upgraded it to Outperform from Market Perform with a $75 price target.

NextEra Energy Inc. (NYSE: NEE) was raised to Overweight from Equal Weight and the target price was raised to $207 from $187(versus a $188.50 close) at Barclays. The consensus target price is $190.43.

NovoCure Ltd. (NASDAQ: NVCR) was started with a Hold rating at SunTrust Robinson Humphrey. The 52-week range is $19.55 to $56.67, and the consensus analyst target is $58.00.

Peabody Energy Inc. (NYSE: BTU) was started as Market Perform and assigned a $34 price target (versus a $29.99 close) at BMO Capital Markets. The 52-week range is $28.07 to $47.84, and the consensus analyst target is $40.67.

Sony Corp. (NYSE: SNE) was downgraded to Hold from Buy at Jefferies, which comes after having removed Sony as a “top pick” about two months earlier.

Smart Sand Inc. (NYSE: SND) was started with a Neutral rating at B. Riley FBR.

Teradata Corp. (NYSE: TDC) was downgraded to Sell from Neutral at Citigroup. The stock closed up 1.2% at $48.32 on Tuesday, and it had a consensus target price of $44.93.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was started as Hold with a $17 price target (versus a $16.91 close) at SunTrust Robinson Humphrey. The 52-week range is $14.59 to $25.96, and the consensus analyst target is $20.50.

Texas Roadhouse Inc. (NASDAQ: TXRH) was raised to Overweight from Equal Weight with a $70 target (versus a $60.47 prior close) at Stephens.

Wendy’s Co. (NYSE: WEN) was downgraded to Neutral from Buy with an $18 price target (versus a $16.55 close) at Mizuho. Shares were last seen down another 1% at $16.40 on Wednesday morning.

Yum! Brands Inc. (NYSE: YUM) was downgraded to Neutral from Buy with an $84 price target (versus a $99.24 close) at Mizuho.

Zoetis Inc. (NYSE: ZTS) was started with a Neutral rating and assigned a $100 target price (versus a $98.72 close) at UBS.

Tuesday’s top analyst calls included Boeing, Booking, Camping World, Domino’s Pizza, iRobot, MetLife, Neogen, Southern Copper, Vertex Pharmaceuticals, Worldpay and many more.

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