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Top Analyst Upgrades and Downgrades: AbbVie, AMD, AT&T, Broadcom, Energy Transfer, Ford, Fortinet, Intel, Intelsat, Shake Shack, T-Mobile and More

Helmerich & Payne Inc. (NYSE: HP) was downgraded to Hold from Buy at Argus.

Intel Corp. (NASDAQ: INTC) was reiterated as Buy and the price target was raised to $64 from $60 at Mizuho. Intel closed up 0.5% at $58.25, and it has a consensus target price of $56.53.

Intelsat S.A. (NYSE: I) was down 40% at $8.03 after the FCC called for a public auction of the C-Band airwaves for 5G. Evercore ISI downgraded the shares to In-Line from Outperform and lowered the target price to $11 from $38.

Karuna Therapeuticx Inc. (NASDAQ: KRTX) rose over 400% after a drug study in schizophrenia was so positive it could change the standard of care, and the company is raising capital with a 2.6 million share secondary offering into the strength. Goldman Sachs reiterated its Buy rating and raised its target to $109 from $35.

Methanex Corp. (NASDAQ: MEOH) was downgraded to Hold from Buy at TD Securities.

MSG Networks Inc. (NYSE: MSGN) was downgraded to Sell from Neutral with a $15 target price (versus an $18.49 close, after a 2.3% gain) at Guggenheim. The stock was indicated down 5.3% at $17.51 on Tuesday, and it had a $17.86 consensus target price.

Palo Alto Networks Inc. (NYSE: PANW) was started as Neutral at D.A. Davidson.

Progyny Inc. (NASDAQ: PGNY) had a recent IPO that has seen its quiet period come to an end, and shares rose 4.9% to $24.92 on Monday and were indicated up another 5% at $26.20 on Tuesday. Citigroup started the stock as Buy, Piper Jaffray started as Overweight, Jefferies started as Buy and Leerink started as Outperform.

Rockwell Automation Inc. (NYSE: ROK) was downgraded to Hold from Buy with a $208 target price (versus a $197.67 close) at HSBC.

Shake Shack Inc. (NYSE: SHAK) was started as Neutral with a $66 target price (versus a $61.75 close) at Robert W. Baird. It is down from a high of $105.84, and the consensus target price was $77.62.

Six Flags Entertainment Corp. (NYSE: SIX) was named as the Zacks Bear of the Day stock. The firm said that consumers are choosing not to visit the theme parks, affecting key growth areas. Shares last closed at $46.05 and have a consensus price target of $54.42.

T-Mobile US Inc. (NASDAQ: TMUS) was flat on news that CEO John Legere will step down as chief executive in 2020. Argus reiterated its Buy rating and $93 target, as it sees its fundamentals and vision remaining.

Ventas Inc. (NYSE: VTR) was raised to Buy from Hold with a $67 target price at Argus.

Monday’s top analyst upgrades and downgrades included Amarin, Bank of America, Citigroup, JPMorgan, Liberty SiriusXM, Microsoft, Tesla, TripAdvisor, Twitter, Workday and many more.