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.

Here are five dividend-paying Dow stocks that may hold up better than the broader market in the next market correction.

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.

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