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Top Analyst Upgrades and Downgrades: AMC, Apple, Cerence, Chipotle, Ciena, Disney, Dollar Tree, Freshpet, LATAM, Nio, Peloton, Ping, Tesla and More

Endava PLC (NYSE: DAVA) was started with an Outperform rating and a $60 price target (versus a $45.74 close) at Wedbush. The firm called the U.K.-based fintech enabler one of the fastest-growing digital IT services plays and pointed out its hyper-growth track record and a differentiated SMAC-based talent and capabilities focused on fintech in Eastern European delivery infrastructure and its European-based client base.

FirstEnergy Corp. (NYSE: FE) was downgraded to Neutral from Buy but the price target was raised to $41 from $39 at Mizuho.

Five Below Inc. (NASDAQ: FIVE) was reiterated as Buy and the price target was raised to $102 from $99 at Deutsche Bank.

Foot Locker Inc. (NYSE: FL) was maintained as Buy but its price target was lowered to $42 from $51 (versus a $28.22 close) at B. Riley FBR.

Freshpet Inc. (NASDAQ: FRPT) was started with a Buy rating and a $86 price target (versus a $70.92 close) at Jefferies.

Hyatt Hotels Corp. (NYSE: H) was downgraded to Neutral from Outperform with a $55 target price (versus a $56.54 close, after a 7% gain) at Robert W. Baird.

Jack in the Box Inc. (NASDAQ: JACK) was raised to Neutral from Sell and its price target was raised to $66 from $42 (versus a $65.31 close) at Goldman Sachs.

LATAM Airlines Group S.A. (NYSE: LTM) was down 35% at $1.68 on Tuesday after the Chilean-based airline filed for bankruptcy protection in New York. Deutsche Bank downgraded it to Sell from Hold and slashed its price target to $1 from $4.

New York Mortgage Trust Inc. (NASDAQ: NYMT) was raised to Equal Weight from Underweight with a $2.50 price target (versus a $2.15 prior close) at Barclays.

Nio Ltd. (NYSE: NIO) was raised to Neutral from Underweight and the price target was raised to $3.50 from $2.00 (versus a $3.82 close, after a 17% gain) at JPMorgan.

Peloton Interactive Inc. (NASDAQ: PTON) was reiterated as Outperform and its price target was raised to $50 from $46 at Oppenheimer. Shares closed down almost 9% at $41.70 on Tuesday, with a $38.48 consensus price target. Its recent high was $49.68.

Ping Identity Holding Corp. (NYSE: PING) was started as Overweight with a $32 price target (versus a $27.60 close) at Piper Sandler. It has a $25.96 consensus target price, and its post-IPO high has been $29.80.

Tesla Inc. (NASDAQ: TSLA) was reiterated as Neutral but the price target was raised to $800 from $600 at Wedbush. Tesla closed up 0.2% at $818.87 on Tuesday and was indicated down about 0.6% on Wednesday on news that it has decided to lower prices for its electric vehicles.

Tractor Supply Co. (NASDAQ: TSCO) was reiterated as Strong Buy and its price target was raised to $135 from $115 at Raymond James.

Walt Disney Co. (NYSE: DIS) was named as the Zacks Bear of the Day stock. The firm said that the coronavirus pandemic has dramatically impacted Disney and it fell short in its most recent quarterly report. Shares last closed at $120.95, with a consensus price target of $126.52.

Moreover, SunTrust is out with its sizzling summer picks with sizable upside potential.

Tuesday’s top analyst upgrades and downgrades included Chembio Diagnostics, Cognex, Cree, Deere, Gilead Sciences, Halliburton, iRobot, Lam Research, Nvidia, Regeneron Pharmaceuticals, Sorrento Therapeutics, Take-Two Interactive Software and more.