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Top Analyst Upgrades and Downgrades: Bluebird Bio, Ciena, CommVault, Dollar General, JD.com, Kroger, Nucor, Target, Walmart and More

Fate Therapeutics Inc. (NASDAQ: FATE) was started with a Buy rating and a $42 price target (versus a $28.75 close) at H.C. Wainwright.

JD.com Inc. (NASDAQ: JD) was raised to Buy from Neutral and its price target was raised to $58 from $37 at Mizuho. The stock closed at $47.03 ahead of this call and had a $49.60 consensus price target.

Kroger Co. (NYSE: KR) was reiterated as Buy and its price target was raised to $42 from $37 (versus a $33.55 close) at BofA Securities.

Nucor Corp. (NYSE: NUE) was maintained as Overweight but its price target was lowered to $45 from $49 at KeyBanc Capital Markets. It closed down almost 4% at $39.01, with a $45.89 consensus price target ahead of the call.

ONEOK Inc. (NYSE: OKE) was downgraded to Neutral from Buy at UBS. Shares closed up almost 5% at $32.94 ahead of this call, with a $39.43 consensus price target.

Peloton Interactive Inc. (NASDAQ: PTON) was named as the Bull of the Day at Zacks, which said that this stock began to soar in mid-March when Wall Street dove into stocks that were considered safe bets. Shares most recently closed at $46.17, with a consensus price target of $38.48.

Reliance Steel & Aluminum Co. (NYSE: RS) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

Spirit Airlines Inc. (NYSE: SAVE) was downgraded to Market Perform from Outperform at Raymond James.

Steel Dynamics Inc. (NASDAQ: STLD) was downgraded to Sector Weight from Overweight at KeyBanc. The stock closed down over 4% at $23.24, and it had a $27.98 consensus price target ahead of the call.

Steven Madden Ltd. (NASDAQ: SHOO) was downgraded to Hold from Buy at Loop Capital.

Target Corp. (NYSE: TGT) was reiterated as Buy and its price objective was raised to $145 from $125 (versus a $119.39 close) at BofA Securities. Target had a $121.76 consensus price target.

Theravance Biopharma Inc. (NASDAQ: TBPH) was started with an Outperform rating and a $42 price target at Cowen.

Walmart Inc. (NYSE: WMT) was reiterated as Buy and its price objective was raised to $145 from $140 at BofA Securities. Walmart closed at $123.78 ahead of the call, with a $128.56 consensus price target.

WW International Inc. (NYSE: WW) was started with a Buy rating and a $32 price target at Jefferies. The parent of Weight Watchers closed down 2.4% at $23.49 ahead of the call, with a $30.77 consensus price target.

Tuesday’s top analyst upgrades and downgrades included Apple, CenterPoint Energy, Chevron, Datadog, Home Depot, Novavax, Under Armour and more.

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