Top Analyst Upgrades and Downgrades: Alphabet, BofA, Chipotle, Cognex, Dollar General, NOV, SAP, Southwest Air, Western Digital, Yum China and More

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Fortive Corp. (NYSE: FTV) was reiterated as Buy with a $94 price target (versus an $85.85 prior close) at Argus, which sees potential for more EPS surprises and share price gains ahead while management continues to acquire complementary companies.

Helmerich & Payne Inc. (NYSE: HP) was reiterated as Buy and with a price target of $75 at Argus. Shares closed at $58.42, in a 52-week range of $44.56 to $73.87 and with a consensus target price of $65.45.

Louisiana-Pacific Corp. (NYSE: LPX) was raised to Buy from Neutral at Merrill Lynch.

National Oilwell Varco Inc. (NYSE: NOV) was maintained as Neutral but the price target was raised to $31 from $29 at Citigroup. Shares closed at $27.75, in a 52-week range of $24.27 to $49.08 and with a consensus target price of $29.38.

NeoPhotonics Corp. (NASDAQ: NPTN) was started with a Buy rating and assigned a $9 price target at MKM Partners.

Owens-Illinois Inc. (NYSE: OI) was raised to Buy from Neutral at Merrill Lynch.

Prologis Inc. (NYSE: PLD) was reiterated as Buy and the price target was raised to $86 from $73 at Citigroup.

SAP S.E. (NYSE: SAP) was reiterated as Buy at Argus, and the firm raised its target price to $145 in that call.

Southwest Airlines Co. (NYSE: LUV) was reiterated as Buy with a $64 price target (versus a $53.83 close) at Argus, which kept its 2019 earnings forecast but raised its 2020 forecast.

Texas Instruments Inc. (NASDAQ: TXN) was assumed as Sector Perform at RBC Capital Markets. Wells Fargo maintained its Market Perform rating but lowered its target price to $58 from $63. Shares closed at $116.70, in a 52-week range of $87.70 to $119.32 and with a consensus target price of $116.56.

Travelers Companies Inc. (NYSE: TRV) was maintained as Underweight but the price target was raised to $130 from $119 at Morgan Stanley.

Walt Disney Co. (NYSE: DIS) was reiterated as Buy and the price target was raised to $160 from $132 at Citigroup. Shares closed at $139.30, in a 52-week range of $97.68 to $142.37 and with a consensus target price of $135.13.

Western Digital Corp. (NASDAQ: WDC) was downgraded to Hold from Buy at Craig-Hallum. Citigroup maintained its Buy rating but lowered its price target to $59 from $63. Shares closed at $50.47, in a 52-week range of $33.83 to $88.62 and with a consensus target price of $58.74.

Yum China Holdings Inc. (NYSE: YUMC) was raised to Buy from Neutral at Merrill Lynch. Shares closed at $44.75, in a 52-week range of $30.10 to $46.19 and with a consensus target price of $45.98.

Monday’s top analyst calls included AbbVie, Adobe, American Express, Intel, 3M, Microsoft, SAP, Shopify, Sprint, Target and many more.

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