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Top Analyst Upgrades and Downgrades: Apple, DraftKings, Gap, Grubhub, Inogen, Kellogg, Lyft, ONEOK, Redfin, Uber, Yum, Zillow and More

IAC/InterActiveCorp (NASDAQ: IAC) was started as Buy with a $330 target price (versus a $279.52 close) at BTIG.

Inogen Inc. (NASDAQ: INGN) was downgraded to Market Perform from Outperform at William Blair.

J.M. Smucker Co. (NYSE: SJM) was downgraded to Underperform from Market Perform and its price target was lowered to $93 from $105 (versus a $108.74 close) at Bernstein.

KB Home (NYSE: KBH) was downgraded to Underweight from Neutral at JPMorgan.

Kellogg Co. (NYSE: K) was downgraded to Underperform from Market Perform and its price target was lowered to $55 from $64 at Bernstein.

Keurig Dr Pepper Inc. (NYSE: KDP) was raised to Buy from Hold with a $36 price target (versus a $28.50 close) at Jefferies.

Lockheed Martin Corp. (NYSE: LMT) was maintained as Buy but the price target was cut to $475 from $482 at UBS.

Lyft Inc. (NASDAQ: LYFT) was started as Buy with a $52 target price (versus a $38.56 close) at BTIG.

Meritage Homes Corp. (NYSE: MTH) was raised to Overweight from Neutral with an $88 price target at JPMorgan.

ONEOK Inc. (NYSE: OKE) was downgraded to Neutral from Buy with a $42 price objective (versus a $41.98 close, after a 5.5% drop) at BofA Securities.

PulteGroup Inc. (NYSE: PHM) was raised to Overweight from Neutral with a $41 target (versus a $36.32 close) at JPMorgan. The consensus price target was $33.67, but its shares were indicated down almost 5% at $34.55 on Thursday morning.

Purple Innovation Inc. (NASDAQ: PRPL) was reiterated as Outperform and its target was raised to $19 from $16 (versus a $16.04 close) at Raymond James.

Redfin Corp. (NASDAQ: RDFN) was started as Buy with a $44 price target (versus a $33.98 close) at BTIG.

Uber Technologies Inc. (NYSE: UBER) was started as Buy with a $47 target price (versus a $34.83 close) at BTIG.

Westlake Chemical Corp. (NYSE: WLK) was raised to Overweight from Equal Weight and its target price was raised to $70 from $57 (versus a $55.20 close, after a 4% drop) at Wells Fargo. It had a $49.05 consensus target price and a 52-week trading range of $28.99 to $75.65.

Williams-Sonoma Inc. (NYSE: WSM) was named as the Bull of the Day at Zacks, which said that lockdown orders have brought consumers a newfound appreciation of the home. Shares most recently closed at $84.41 and have a consensus price target of just $76.56.

Yum! Brands Inc. (NYSE: YUM) was maintained as Buy and its price target was raised to $108 from $105 (versus a $94.09 close) at UBS.

Zillow Group Inc. (NASDAQ: ZG) was started as Buy with a $79 price target (versus a $59.51 close) at BTIG.

Jefferies has five tech stocks in which it has conviction behind the Buy ratings for significant upside in the second half of 2020.

Wednesday’s top analyst upgrades and downgrades included Apple, Boeing, Chevron, Chewy, Cisco Systems, Cree, eBay, Etsy, GameStop, Groupon, Micron Technology, United Airlines, Yext and more.

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