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Top Analyst Upgrades and Downgrades: Anthem, Ciena, Dollar General, Encana, Lennar, Lululemon, Sage Therapeutics, Target, Tesla, Trade Desk, Yext and More

Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Overweight and the price target was raised to $244 from $225 at Piper Jaffray. The stock closed at $230.79 on Thursday and has a 52-week range of $110.71 to $230.82. The consensus price target is $220.70.

Meritage Homes Corp. (NYSE: MTH) was started with a Sell rating and a $59 price target (versus a $67.01 close) at Goldman Sachs.

Noble Corp. (NYSE: NE) was downgraded to Reduce from Hold at HSBC Securities.

PulteGroup Inc. (NYSE: PHM) was started with a Buy rating and a $45 price target (versus a $40.20 close) at Goldman Sachs.

Puma Biotechnology Inc. (NASDAQ: PBYI) was started with a Buy rating and a $15 target price (versus a $7.44 close) at H.C. Wainwright.

Sage Therapeutics Inc. (NASDAQ: SAGE) closed down over 59% at $60.18 on Thursday after its depression drug failed to meet expectations. Morgan Stanley maintained it as Overweight but slashed its target price to $125 from $217.

Tapestry Inc. (NYSE: TPR) was downgraded to In-Line from Outperform and the price target was cut to $25 from $32 (versus a $25.45 close) at Evercore ISI.

Target Corp. (NYSE: TGT) was named as the Bull of the Day at Zacks, which said that this stock is a safe investment with a sound product offering. The shares most recently closed at $124.68 and have a consensus price target of $136.21.

Tesla Inc. (NASDAQ: TSLA) was reiterated as Equal Weight with a $250 target price at Morgan Stanley. The shares were indicated up about 1% at $334.25 on Friday and have a consensus target price of $283.48. The 52-week range is $176.99 to $379.49, and the consensus analyst target is $283.48.

Trade Desk Inc. (NASDAQ: TTD) was raised to Buy from Hold with a $325 target price (versus a $240.42 close) at Needham. The stock was indicated up over 5% at $253.00 on Friday, and its prior consensus target price was $255.39.

Tiffany & Co. (NYSE: TIF) was downgraded to Neutral from Outperform at Credit Suisse, as the firm sees the buyout price more or less realized. Shares closed at $133.55, in a 52-week range of $73.04 to $134.03. The consensus price target is $121.44.

Yext Inc. (NYSE: YEXT) was reiterated as Underweight and the target price was lowered to $13 from $15 (versus a $16.60 close) at Morgan Stanley.

If 2020 proves to be a volatile year, it could be a huge gain for three gold mining stocks.

Thursday’s top analyst upgrades and downgrades included Alphabet, At Home, Chewy, Etsy, Facebook, Nike, RH, Slack, Square, Verint, Visa, Wayfair and many more.