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Top Analyst Upgrades and Downgrades: Albermarle, Amgen, Applied Materials, Biogen, CRISPR, CrowdStrike, CSX, Kroger, Slack, Teva, Xerox and More

DXC Technology Co. (NYSE: DXC) was maintained as Outperform at RBC Capital Markets, but the firm’s target price was slashed to $43 from $67. Wells Fargo maintained its Outperform rating but lowered its target to $30 from $32, and Cantor Fitzgerald reiterated its Neutral rating and lowered its target to $28 from $42. Shares closed down 2.2% at $29.40 on Monday and were trading up over 4% at $30.60 in Tuesday’s early trading indications after earnings.

Eaton Corp. (NYSE: ETN) was downgraded to Hold from Buy with a $96 target price (versus a $91.88 close) at HSBC.

EnPro Industries Inc. (NYSE: NPO) was named as the Zacks Bear of the Day stock. The firm said that a recent miss sent estimates down for this year as well as for next year. Shares last closed at $66.93, with a consensus price target of $80.00.

Kroger Co. (NYSE: KR) was raised to Hold from Sell with a $27 target price (versus a $26.61 close) at Deutsche Bank.

Oceaneering International Inc. (NYSE: OII) was started as Buy and a $17 price objective (versus a $14.01 close) at Merrill Lynch.

OpenText Corp. (NASDAQ: OTEX) was up 2.3% at $42.52 after announcing it was acquiring Carbonite. RBC Capital Markets reiterated its Outperform rating and raised its target price to $50 from $47.

Regions Financial Corp. (NYSE: RF) was downgraded to Market Perform from Outperform at BMO Capital Markets.

Rent-A-Center Inc. (NASDAQ: RCII) was raised to Buy from Hold with a $28 target price (versus a $22.43 close) at Stifel.

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was started as Hold with a $360 target price at SunTrust Robinson Humphrey.

Slack Technologies Inc. (NYSE: WORK) was maintained as Buy but the target price was lowered to $28 from $38 at MKM Partners. The prior consensus target price was $32.30.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was raised to Neutral from Underweight with an $8 target price (versus a $9.33 close) at JPMorgan.

Ultra Clean Holdings Inc. (NASDAQ: UCTT) was named as the Bull of the Day at Zacks, which said that this is one of the stocks that was hitting new highs all last week. Shares most recently closed at $22.80, with a consensus price target of $21.70.

Urban Outfitters Inc. (NASDAQ: URBN) was reiterated as Neutral but the target price was raised to $33 from $20 at
Wedbush Securities.

Verint Systems Inc. (NASDAQ: VRNT) was started with a Buy rating and a $58 target price at Goldman Sachs. The stock was up 0.3% at $47.78 ahead of the call, and it had a consensus target price of $68.00.

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) was started with a Buy rating and a $235 target price at SunTrust Robinson Humphrey.

Western Union Co. (NYSE: WU) was downgraded to Neutral from Buy at Guggenheim.

Xerox Corp. (NYSE: XRX) was raised to Neutral from Underweight and its target price was raised to $38 from $31 (versus a $38.36 close) at JPMorgan.

JPMorgan started coverage of many insurance sector stocks on Tuesday:

  • Marsh & McLennan Companies Inc. (NYSE: MMC): Buy with a $118 target price (versus a $103.41 prior close)
  • Allstate Corp. (NYSE: ALL): Buy with a $120 price target (versus a $109.38 close)
  • AON PLC (NYSE: AON): Neutral with a $219 target (versus a $194.38 close)
  • Chubb Ltd. (NYSE: CB): Neutral with a $159 target (versus a $151.32 close)
  • Travelers Companies Inc. (NYSE: TRV): Neutral with a $140 target (versus a $133.54 close)
  • Progressive Corp. (NYSE: PGR): Neutral with a $79 target (versus a $73.73 close)

Monday’s top analyst upgrades and downgrades included Baidu, BellRing, Chegg, Chewy, Cisco Systems, Expedia, Home Depot, Nvidia, Occidental Petroleum, Qualcomm, Tesla and many more.