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Top Analyst Upgrades and Downgrades: AGCO, American Airlines, BofA, Beyond Meat, Ciena, DocuSign, Domo, Eloxx, HCA, Lululemon, Zoom Video and More

Eloxx Pharmaceuticals Inc. (NASDAQ: ELOX) was started with a Buy rating and assigned a $14 price target (versus a $5.97 close) at Janney. It has only a $238 million market cap, but Janney called it an attractive investment opportunity after continued weakness from a combination of a lack of catalysts, but it also sees key data readouts from two Phase 2 studies expected in the fourth quarter.

HCA Healthcare Inc. (NYSE: HCA) was upgraded to Neutral from Underperform and the price objective was raised to $137 from $130 at Merrill Lynch.

Kellogg Co. (NYSE: K) was raised to Buy from Neutral from Buy and the target price was raised to $72 from $58 (versus a $62.84 close) at Goldman Sachs. The consensus target price is $62.17.

Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Outperform and the target price was raised to $235 from $198 at Credit Suisse. Lululemon closed up 4.2% at $188.41 ahead of earnings and was indicated up another 6% at $200.00 on Friday.

Macy’s Inc. (NYSE: M) was named as the Zacks Bear of the Day stock. The firm said that the department store operator has continued to disappoint shareholders and investors alike, with its stock down about 50% year to date. Macy’s shares last closed at $15.31 and have a consensus price target of $18.53.

Navistar International Corp. (NYSE: NAV) was raised to Neutral from Sell with a $26 target price (versus a $25.35 close) at Goldman Sachs.

NRG Energy Inc. (NYSE: NRG) was raised to Overweight from Equal Weight and the target price was raised to $49 from $47 (versus a $37.60 close) at Morgan Stanley. The consensus target price was $45.90.

Paylocity Holding Co. (NASDAQ: PCTY) was named as the Bull of the Day at Zacks, which said that there is a significant amount of growth potential in cloud technology, especially when it comes to enterprise software. Shares of Paylocity most recently closed at $108.64, with a consensus price target of $114.94.

Peabody Energy Corp. (NYSE: BTU) was maintained as Market Perform and the target price was lowered to $22 from $25 (versus a $16.56 close, after an 11% drop) at BMO Capital Markets.

PepsiCo Inc. (NYSE: PEP) was maintained as Underperform but the target price was raised to $117 from $110 at Credit Suisse.

Southwest Airlines Co. (NYSE: LUV) was started with a Hold rating and assigned a $57 target price (versus a $52.52 close) at Berenberg.

Steel Dynamics Inc. (NASDAQ: STLD) was downgraded to Market Perform from Outperform and the target price was lowered to $30 from $40 (versus a $28.05 close) at BMO Capital Markets.

United Airlines Holdings Inc. (NYSE: UAL) was started with a Hold rating and a $95 target price (versus an $85.84 close) at Berenberg.

Zoom Video Communications Inc. (NASDAQ: ZM) was started as Sector Perform with a $99 target price (versus a $91.00 close) at RBC Capital Markets.

Six stocks are touted as the next 5G winners, based on where their shares are now.

Thursday’s top analyst upgrades and downgrades included Cloudera, Dollar General, General Electric, Lyft, Match, MongoDB, Palo Alto Networks, Papa John’s, Slack, Walmart and many more.

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