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Top Analyst Upgrades and Downgrades: AMD, Alibaba, AIG, Baidu, Broadcom, Costco, Intel, Ping, Pinterest, RingCentral, Shopify, Uber and More

iRobot Corp. (NASDAQ: IRBT) was named as the Zacks Bear of the Day stock. The firm said that shares have tumbled 40% in the past six months and follows narrowing guidance. Shares last closed at $54.82 and have a consensus price target of $53.33.

J.B. Hunt Transportation Services Inc. (NASDAQ: JBHT) was down 4.2% at $114.68 after Friday’s post-earnings reaction. Stephens maintained its Overweight rating but lowered its target to $131 from $133, and Credit Suisse reiterated its Neutral rating while lowering its target to $110 from $113.

Kiniksa Pharmaceuticals Inc. (NASDAQ: KNSA) was reiterated as Outperform with a $30 target price (versus a $15.45 close) at Wedbush Securities, with the firm calling on multiple catalysts that could drive the shares higher in 2020.

MacroGenics Inc. (NASDAQ: MGNX) was reiterated as Outperform with a $16 target price (versus an $11.26 close) at Wedbush, with the call being ahead of it migrating to a commercial-stage company in 2020.

MGP Ingredients Inc. (NASDAQ: MGPI) was downgraded to Hold from Buy at SunTrust Robinson Humphrey.

Nuance Communications Inc. (NASDAQ: NUAN) was reiterated as Outperform and the target price was raised to $27 from $24 (versus a $19.73 close) at Wedbush.

Ping Identity Holding Corp. (NYSE: PING) was downgraded to Neutral from Buy at Goldman Sachs, but the firm did raise its target price to $27 from $24. Shares closed down 1.5% at $25.65 on Friday, and the consensus target price was $24.68 ahead of this call. The stock was indicated down almost 2% at $25.15 on Tuesday.

Pinterest Inc. (NYSE: PINS) was reiterated as Outperform with a $26 target price (versus a $23.00 close) at Wedbush, with the call coming after the firm attended the NRF 2020 Vision conference last week.

RingCentral Inc. (NYSE: RNG) was raised to Buy from Neutral and the target price was raised to $230 from $189 at Goldman Sachs. Shares closed up 1% at $192.89 on Friday and had a consensus target price of $196.06.

Sally Beauty Holdings Inc. (NYSE: SBH) was raised to Neutral from Underperform at D.A. Davidson.

Shopify Inc. (NYSE: SHOP) was reiterated as Overweight and the target price was raised to $485 from $385 at KeyBanc Capital Markets. Shopify closed at $454.88 on Friday, and its consensus target price was still down at $386.08 ahead of this call.

State Street Corp. (NYSE: STT) was reiterated as Sector Perform but the target price was raised to $85 from $65 (versus an $82.56 close) at RBC Capital Markets.

Travelers Companies Inc. (NYSE: TRV) was started as Neutral at Citigroup.

Uber Technologies Inc. (NYSE: UBER) was reiterated as Buy with a $56 target price (versus a $35.13 close) at SunTrust Robinson Humphrey.

US Bancorp (NYSE: USB) was downgraded to Underperform from Neutral at Credit Suisse.

WPX Energy Inc. (NYSE: WPX) was raised to Buy from Hold at SunTrust Robinson Humphrey.

There were 10 stocks under $10 in the past few trading days in which analysts have projected massive implied upside to their respective price targets.

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Friday’s top analyst upgrades and downgrades included Adobe, BP, Caterpillar, CSX, Intel, IBM, NextEra Energy, Pinterest, Qualcomm, Snap, Twitter, Western Digital, Yum Brands and many more.