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Top Analyst Upgrades and Downgrades: Aerojet, Best Buy, Boeing, Chevron, FireEye, Gap, Lowe's, Micron, Phillips 66, T-Mobile, Western Digital and More

KB Home (NYSE: KBH) was raised to Strong Buy from Outperform with a $40 target price at Raymond James.

Kohl’s Corp. (NYSE: KSS) was downgraded to Hold from Buy at Jefferies.

Lowe’s Companies Inc. (NYSE: LOW) was reiterated as Buy and its target price was raised to $143 from $141 (versus a $120.35 close) at Jefferies.

Marathon Oil Corp. (NYSE: MRO) was downgraded to Neutral from Buy at Merrill Lynch.

Microchip Technology Inc. (NASDAQ: MCHP) was reiterated as Overweight and the target price was raised to $120 from $110 at KeyBanc Capital Markets.

Micron Technology Inc. (NASDAQ: MU) was raised to Outperform from Market Perform and its target price was raised to $70 from $50 at Cowen.

Nexstar Media Group Inc. (NASDAQ: NXST) was raised to Overweight from Equal Weight at Wells Fargo.

PBF Energy Inc. (NYSE: PBF) was raised to Buy from Neutral at Merrill Lynch.

Phillips 66 (NYSE: PSX) was downgraded to Neutral from Buy at Merrill Lynch.

Philip Morris International Inc. (NYSE: PM) was reiterated as Overweight and the target price was raised to $114 from $105 (versus an $86.02 close) at Piper Jaffray.

Realty Income Corp. (NYSE: O) was raised to Outperform from Market Perform with a $79 target price (versus a $74.16 close) at Raymond James.

T-Mobile US Inc. (NASDAQ: TMUS) was raised to Buy from Neutral with a $96 target price (from $88, and versus $78.62 prior close) at Nomura/Instinet. The call is as its merger with Sprint moves closer to a resolution, and the firm noted that it is now well within the investable time horizon and is likely within a month. The firm also considers T-Mobile shareholders winners in either a yes or no merger scenario. The deal’s closure would allow T-Mobile to realize significant synergies (costs), and a blocked merger could remove a sizable multiple impediment and restore T-Mobile’s modest premium.

TripAdvisor Inc. (NASDAQ: TRIP) was named as the Zacks Bear of the Day stock. The firm said that competition from Google is hitting this online travel stock hard. Shares last closed at $30.06, with a consensus price target of $35.96.

Western Digital Corp. (NASDAQ: WDC) was raised to Outperform from Market Perform with an $88 target price at Cowen. Shares closed down 1.9% at $63.37 and had a consensus target price of $64.06.

Wingstop Inc. (NASDAQ: WING) was raised to Hold from Underperform with an $83 target price (versus an $89.57 close) at Jefferies.

Monday’s top analyst upgrades and downgrades included Alphabet, Apple, Bank of America, Citigroup, Dollar Tree, JD.com, Nordstrom, Salesforce, Travelers and many more.