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Top Analyst Upgrades and Downgrades: Allstate, Bed Bath & Beyond, Best Buy, Blue Apron, Costco, Home Depot, Microsoft, Take-Two, Target, Walmart and More

International Paper Co. (NYSE: IP) was downgraded to Neutral from Buy and the target price was lowered to $45 from $53 at Citigroup.

Lowe’s Companies Inc. (NYSE: LOW) was started with a Buy rating and assigned a $119 target price at Goldman Sachs. Shares closed down 1.7% at $103.08, in a 52-week range of $84.75 to $118.23. The consensus target price is $113.83.

Methanex Corp. (NASDAQ: MEOH) was cut from Outperform to Neutral and the target price was lowered to $53 from $70 at CIBC.

Microsoft Corp. (NASDAQ: MSFT) was started with an Outperform rating and assigned a $150 target price at Cowen. Shares closed up 1% at $137.85, in a 52-week range of $93.96 to $138.58 and with a consensus target price of $144.06.

Regions Financial Corp. (NYSE: RF) was downgraded to Neutral from Buy at Merrill Lynch.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) was downgraded to Hold from Buy at Jefferies. Shares closed up 1.8% at $117.16, in a 52-week range of $84.41 to $139.91. The consensus target price is $121.79.

Target Corp. (NYSE: TGT) was started as Buy with a $102 price target at Goldman Sachs. Shares closed down 2.2% at $85.85, in a 52-week range of $60.15 to $90.39 and with a consensus target price of $88.20.

TD Ameritrade Holding Corp. (NASDAQ: AMTD) was downgraded to Equal Weight from Overweight at Morgan Stanley.

Walmart Inc. (NYSE: WMT) was started with a Buy rating and assigned a $123 target price at Goldman Sachs. Shares closed at $112.98. The stock has a 52-week range of $85.78 to $113.61 and a consensus target price of $110.89.

Weight Watchers International (NYSE: WTW) was raised to Neutral from Underweight and the target price was raised to $22 from $17 at JPMorgan.

Zacks has named Avis Budget Group Inc. (NASDAQ: CAR) as its Bull of the Day, as sell-side analysts are becoming progressively optimistic about the future of this business. The Bear of the Day is Kohl’s Corp. (NYSE: KSS), which is seeing sell-side analysts growing increasingly pessimistic.

Eight large-cap and mega-cap stocks saw key analyst upgrades and target hikes on Wednesday, including Comcast, FedEx, Lockheed Martin, PepsiCo and Visa.

With the stock market at record highs, the analysts at Robert W. Baird have made the case the top aerospace and defense stocks can outperform yet again in the second half of 2019.

Wednesday’s top analyst calls included Acacia Communications, Baidu, BioMarin Pharmaceuticals, Boeing, BP, CSX, Deere, HCA, PepsiCo, Redfin, S&P Global, Trimble, Visa, Zillow and many more.