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Top Analyst Upgrades and Downgrades: Amazon, Aurora Cannabis, Comcast, Dick's, Disney, Morgan Stanley, Nike, Nio, Plug Power, Snap and More

Nio Ltd. (NYSE: NIO) was downgraded to Neutral from Buy but its price target was raised to $7.00 from $6.40 at Goldman Sachs. Shares closed down 2.7% at $7.23 on Tuesday and were indicated down almost 4% at $6.96 Wednesday morning. Its consensus price target was only $5.09 ahead of this call.

Plug Power Inc. (NASDAQ: PLUG) was reiterated as Buy and its price target was raised to $14 from $6 (versus a $6.43 close) at H.C. Wainwright. It previously had a $6.33 consensus target price, and its shares were indicated up about 10% at $7.10 on Wednesday. Plug Power recently was featured as one of six alternative energy stocks that could have significant upside ahead.

Royal Caribbean Cruises Ltd. (NYSE: RCL) was maintained as Outperform with a $63 price target (versus a $54.36 close) at Wedbush. Barclays downgraded it to Equal Weight from Overweight and cut its target to $50 from $55.

SailPoint Technologies Holdings Inc. (NYSE: SAIL) was reiterated as Buy and its price target was raised to $30 from $25 (versus a $25.91 close) at SunTrust Robinson Humphrey.

ServiceNow Inc. (NYSE:  NOW) was reiterated as Buy and its price target was raised to $450 from $385 (versus a $400.94 close) at SunTrust.

Snap Inc. (NYSE: SNAP) was reiterated as Neutral but its price target was raised to $16 from $12.25 (versus a $23.67 close) at Wedbush.

Texas Roadhouse Inc. (NASDAQ: TXRH) was raised to Neutral from Underweight at JPMorgan.

Tractor Supply Co. (NASDAQ: TSCO) was named as the Bull of the Day at Zacks, which said that after big second-quarter guidance, this stock won’t stop plowing higher. Shares most recently closed at $129.26, with a consensus price target of $122.39.

TripAdvisor Inc. (NASDAQ: TRIP) was reiterated as Neutral with a $20 target price (versus a $20.11 close) at Wedbush, and despite the run-up after an update, its view is the steep declines in its business outweigh some sequential improvements.

VF Corp. (NYSE: VFC) was named as the Zacks Bear of the Day stock. The firm said that this stock just cannot rally, which is a red flag in a V-shaped recovery. Shares last closed at $62.69 and have a consensus price target of $62.00.

VSE Corp. (NASDAQ: VSEC) was started with a Buy rating and a $38 price target (versus a $27.39 close) at SunTrust. The firm called it an underfollowed emerging aftermarket pure play.

Walt Disney Co. (NYSE: DIS) was reiterated as Overweight and its price target was raised to $135 from $125 at Morgan Stanley. Disney shares closed up 0.6% at $116.59 on Tuesday and had a $121.71 consensus price target.

Goldman Sachs has raised its price targets handily on four top stocks it has Buy ratings on.

Tuesday’s top analyst upgrades and downgrades included AbbVie, Ambarella, Apple, DocuSign, Home Depot, Lowe’s, Micron Technology, Nike, PG&E, ViacomCBS, YETI, Yext and more.