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Top Analyst Upgrades and Downgrades: Apple, Best Buy, Cinemark, Co-Diagnostics, DraftKings, Energizer, Novavax, Nvidia, Palo Alto, Petrobras and More

DraftKings Inc. (NASDAQ: DKNG) was reiterated as Overweight and its price target was raised to $25 from $23 at Morgan Stanley. It closed up 15.5% at $29.23 on Friday, and shares were indicated up another 6% on Monday.

Energizer Holdings Inc. (NYSE: ENR) was upgraded to Overweight from Equal Weight and the price target was raised to $49 from $41 Morgan Stanley. Energizer closed up 4% at $41.34 ahead of the call, and its consensus price target was $46.42.

Eventbrite Inc. (NYSE: EB) was raised to Buy from Hold with a $12 price target (versus a $6.43 close) at SunTrust Robinson Humphrey. The firm noted that the massive upside seen here is due to its risk/reward turning more positive with a 40% drop in its stock after earnings.

Mattel Inc. (NASDAQ: MAT) was reiterated as Neutral and its price target was lowered to $9 from $10 (versus an $8.01 close) at MKM Partners.

Novavax Inc. (NASDAQ: NVAX) was reiterated as Buy and its price target was raised to $53 from $42 at B. Riley FBR. Shares closed up almost 14% at $43.63 on Friday ahead of this call.

Nvidia Corp. (NASDAQ: NVDA) was raised to Outperform from Market Perform and the price target was raised to $426 from $285 at BMO Capital Markets, which called it uniquely positioned to benefit from the change in the computing landscape. Shares closed up 5.7% at $339.63 on Friday ahead of this call, and the consensus price target is $300.40.

Palo Alto Networks Inc. (NYSE: PANW) was reiterated as Buy and its price target was raised to $250 from $220 (versus a $222.83 close) at SunTrust Robinson Humphrey. It had a $212.77 prior consensus target price.

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, was downgraded to Underperform from Market Perform at Raymond James.

Stifel Financial Corp. (NYSE: SF) was downgraded to Underweight from Equal Weight at Wells Fargo. Shares closed up 1.3% at $42.04 on Friday ahead of this call, with a $50.20 consensus price target.

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) was named as the Bull of the Day at Zacks, which said that this firm is at the forefront of the 5G revolution and the next wave of data center hyperscaling. Shares most recently closed at $49.80, with a consensus price target of $53.03.

Williams-Sonoma Inc. (NYSE: WSM) was raised to Outperform from Neutral with an $80 price target (versus a $66.52 close) at Wedbush.

Friday’s top analyst upgrades and downgrades included Applied Materials, Bank of America, BP, Goldman Sachs, Northrop Grumman, PayPal, PG&E, Sallie Mae, Yum Brands and more.