Investing

Top Analyst Upgrades and Downgrades: Alphabet, Amazon, Amgen, Cerner, eBay, Gap, Nike, Nucor, P&G, TJX, ViacomCBS and More

Livent Corp. (NYSE: LTHM) was downgraded to Neutral from Buy with a $5 target price (versus a $5.30 close, after a 9.4% drop) at Goldman Sachs.

Medical Properties Trust (NYSE: MPW) was downgraded to Neutral from Buy at Mizuho.

Medtronic PLC (NYSE: MDT) was downgraded to Buy from Strong Buy at Needham.

Mondelez International Inc. (NASDAQ: MDLZ) was raised to Buy from Hold with a $57 target price (versus a $47.89 close) at Stifel.

Nektar Therapeutics Inc. (NASDAQ: NKTR) was raised to Neutral from Sell and its target price was cut to $20 from $18 at Goldman Sachs.

Nike Inc. (NYSE: NKE) was raised to Overweight from Equal Weight with a $99 target price (versus an $83.23 close) at Wells Fargo.

Northrop Grumman Corp. (NYSE: NOC) was raised to Outperform from Market Perform with a $386 target price (versus a $312.15 close) at Bernstein.

Nucor Corp. (NY SE: NUE) was raised to Buy from Neutral but the target price was cut to $41 from $55 (versus a $33.36 close) at Goldman Sachs.

Phillips 66 (NY SE: PSX) was raised to Outperform from Sector Perform but the target price was lowered to $67 from $73 (versus a $52.32 close) at RBC Capital Markets.

Polaris Inc. (NYSE: PII) was downgraded to Market Perform from Outperform and its target was slashed to $45 from $115 at BMO Capital Markets.

Procter & Gamble Co. (NYSE: PG) was raised to Buy from Hold but its target price was lowered to $128 from $130 at Jefferies.

Reliance Steel & Aluminum Co. (NYSE: RS) was raised to Buy from Neutral but the target price was cut to $96 from $119 (versus an $83.42 close) at Goldman Sachs.

Republic Services Inc. (NYSE: RSG) was raised to Overweight from Neutral with an $85 target price (versus a $75.60 close) at JPMorgan.

Ross Stores Inc. (NASDAQ: ROST) was raised to Overweight from Equal Weight with a $110 target price (versus an $82.55 close) at Wells Fargo.

Skechers USA Inc. (NYSE: SKX) was raised to Overweight from Equal Weight with a $33 target price (versus a $24.80 close) at Wells Fargo.

TJX Companies Inc. (NYSE: TJX) was raised to Overweight from Equal Weight with a $65 target price (versus a $46.80 close) at Wells Fargo.

Ulta Beauty Inc. (NASDAQ: ULTA) was raised to Overweight from Equal Weight with a $250 target price (versus a $174.45 close, after a 7.6% drop) at Wells Fargo.

Venator Materials PLC (NYSE: VNTR) was downgraded to Neutral from Buy with a $2 target price (versus a $1.80 close, after an 11.7% drop) at Goldman Sachs.

ViacomCBS Inc. (NASDAQ: VIAC) was maintained as Buy and the target price was cut to $20 from $50 (versus a $12.79 close, after an 8.6% drop) at Needham.

Friday’s top analyst upgrades and downgrades included American Airlines, Chipotle Mexican Grill, Ericsson, Microsoft, Mylan, Novavax, Pfizer, Procter & Gamble, Qualcomm, Square, Starbucks and many more.

Sponsored: Find a Qualified Financial Advisor:

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.