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Top Analyst Upgrades and Downgrades: Albermarle, Alcoa, Apple, BofA, Beyond Meat, Citigroup, 3M, Nike, Slack, Square, Wells Fargo and More

Macquarie Infrastructure Corp. (NYSE: MIC) was raised to Outperform from Sector Perform and the target price was raised to $51 from $48 (versus a $40.76 prior close) at RBC Capital Markets.

Marriott International Inc. (NYSE: MAR) was downgraded to Neutral from Overweight and with a $138 target price at JPMorgan. Shares closed down 0.5% at $141.30, in a 52-week range of $100.62 to $142.90. The consensus target price is $138.57.

Myriad Genetics Inc. (NASDAQ: MYGN) was downgraded to Market Perform from Outperform at Cowen. After closing down 1.6% at $27.21 on Monday, it was indicated down another 2.1% at $26.64 on Tuesday.

Nike Inc. (NYSE: NKE) was reiterated as Overweight and the price target was raised to $100 from $90 at JPMorgan. Shares closed up 1.9% at $88.48, in a 52-week range of $66.53 to $90.00. The consensus target price is $92.17.

PNC Financial Services Group Inc. (NYSE: PNC) was reiterated as Overweight and the price target was raised to $142 from $137.50 at JPMorgan. Shares closed down 0.6% at $140.74, in a 52-week range of $108.45 to $147.23. The consensus target price is $141.95.

QEP Resources Inc. (NYSE: QEP) was downgraded to Perform from Outperform at Oppenheimer.

Six Flags Entertainment Corp. (NYSE: SIX) was upgraded to Outperform from Market Perform and the target price was raised to $56 from $52 at Wells Fargo.

Slack Technologies Inc. (NYSE: WORK) was started with a Perform rating at Oppenheimer. Shares closed down 1.5% at $35.00, in a post-IPO range of $34.81 to $42.00. The consensus target price is $37.33.

Square Inc. (NYSE: SQ) was raised to Market Perform from Underperform at Raymond James. Shares closed down 1.2% at $73.43, in a 52-week range of $49.82 to $101.15. The consensus target price is $82.10.

Wells Fargo & Co. (NYSE: WFC) was reiterated as Underweight and the price target was lowered to $47.50 from $48.50 at JPMorgan. Shares closed down 0.5% at $47.53 on Monday, in a 52-week range of $43.02 to $59.53 and with a consensus target price of $51.50.

Zacks has named as its Bull of the Day MeradoLibre Inc. (NASDAQ: MELI), which has seen its shares rise over 115% in 2019 alone. The thought is that it can expand further. The Bear of the Day is Ichor Holdings Ltd. (NASDAQ: ICHR), which posted a strong comeback in the first half of 2019. However, the outlook from here is pretty brutal.

Airlines look like they are setting up for a technical breakout after a key earnings report this week.

Here is how to be positioned now if you are worried that the Federal Reserve will not act to cut interest rates until the September FOMC meeting.

Merrill Lynch is positive on five top legalized marijuana stocks.

Monday’s top analyst calls included American Express, Apple, Applied Materials, Best Buy, CrowdStrike, F5 Networks, NetApp, Verizon Communications and many more.