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Top Analyst Upgrades and Downgrades: Alcoa, Chipotle, CrowdStrike, Deckers, Grubhub, Philip Morris, Skechers USA and More

KBR Inc. (NYSE: KBR) was raised to Outperform from Market Perform at Cowen, which also raised the price target on the construction giant to $31. The consensus target is $25.55, and the shares were last seen trading at $25.27.

Philip Morris International Inc. (NYSE: PMI) was raised to Overweight from Equal Weight at Barclays, which also raised the price target on the tobacco giant to $100. Shares have traded between $65 and $91 apiece over the past 52 weeks, and the stock closed on Thursday at $87.50, up almost 5% on the day.

Public Storage (NYSE: PSA) was raised to Buy from Neutral at Merrill Lynch. The self-storage giant has traded in a 52-week range of $193.89 to $251.28. The consensus price target is posted at $214.36, but shares closed way above that level most recently at $247.55.

Post Holdings Inc. (NYSE: POST) was raised to Overweight from Neutral at Piper Jaffray. The firm also raised its price target to $130. The consensus target price is $122.50, and the stock was last seen trading at $108.04.

Skechers USA Inc. (NYSE: SKX) saw its target price raised to $42 from $35 at Monness Crespi & Hardt, where the analysts noted that the company has managed expenses well in the past three quarters, focusing on profitability over sales. They also believe that if management can continue to deliver more profitable growth, then the stock’s multiple will expand as the company’s multiyear track record of double-digit sales growth should justify a higher valuation. The stock closed Thursday at $34.84.

Travelers Companies Inc. (NYSE: TRV) was downgraded to Neutral from Buy at Buckingham Research. The shares have traded in a 52-week range of $111.08 to $159.09. The stock closed Thursday at $152.71.

V.F. Corp. (NYSE: VFC) saw its price target raised to $90 from $88 at Pivotal Research Group. That compares with the higher consensus target of $95.21. The stock closed most recently at $87.16.

Zacks has named Amazon.com Inc. (NASDAQ: AMZN) as its Bull of the Day, saying that the e-commerce, cloud-computing powerhouse appears strong at the moment, especially heading into its second-quarter earnings next week. The Bear of the Day is Abercrombie & Fitch Co. (NYSE: ANF). Zacks noted that this retailer’s shares have tanked 35% since the firm reported slower-than projected sales growth and provided guidance in the first quarter.

Thursday’s top analyst calls included Advanced Micro Devices, Apple, Chipotle Mexican Grill, Costco, Exxon Mobil, Netflix, Qualcomm, Ulta Beauty, U.S. Bancorp and more.

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