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Top Analyst Upgrades and Downgrades: AbbVie, Alibaba, ADM, Best Buy, Intel, Lemonade, Nikola, Peloton, SAP, Under Armour, Wynn and More

Lemonade Inc. (NYSE: LMND) was started with an Overweight rating and a $63 price target (versus a $50.29 prior close) at Piper Sandler. The consensus target price was $67.20.

Mastercard Inc. (NYSE: MA) was reiterated as Overweight but its price target was lowered to $325 from $365 (versus a $288.64 prior close) at KeyBanc Capital Markets.

McKesson Corp. (NYSE: MCK) was raised to Overweight from Equal Weight with a $166 price target (versus a $147.49 prior close) at Barclays.

Mohawk Industries Inc. (NYSE: MHK) was raised to Strong Buy from Outperform at Raymond James.

Nikola Corp. (NASDAQ: NKLA) was named as the Zacks Bear of the Day stock. The firm said that this company is an automotive pipe dream with a very disappointing reality. Shares last closed at $18.31 and have a consensus price target of $36.40.

PBF Energy Inc. (NYSE: PBF) was raised to Neutral from Sell with a $5 price target (versus a $4.67 prior close) at Goldman Sachs.

Peloton Interactive Inc. (NASDAQ: PTON) was reiterated as Buy and its price target was raised to $125 from $110 (versus a $110.21 prior close) at Needham.

Phillips 66 (NYSE: PSX) was reiterated as Outperform and its price target was lowered to $62 from $69 at Cowen. The stock closed up 1.5% at $46.66 a share on Friday, with a $70.61 consensus price target.

Pinduoduo Inc. (NASDAQ: PDD) was reiterated as Overweight and its price target was raised to $110 from $100 (versus an $89.98 prior close) at KeyBanc Capital Markets.

Qorvo Inc. (NASDAQ: QRVO) was named as the Bull of the Day at Zacks, which said this firm is a leading provider of radio frequency solutions in a market that is set to explode. Shares most recently closed at $127.36 and have a consensus price target of $145.50.

SAP S.E. (NYSE: SAP) was downgraded to Neutral from Buy at UBS.

Six Flags Entertainment Corp. (NYSE: SIX) was reiterated as Overweight and its price target was raised to $25 from $22 at KeyBanc Capital Markets. Janney reiterated it as Buy with a $33 price target.

TransAct Technologies Inc. (NASDAQ: TACT) was started as Buy with a $16 price target (versus a $7.15 prior close) at Roth Capital.

Turtle Beach Corp. (NASDAQ: HEAR) was raised to Outperform from Neutral with a $25 price target (versus an $18.02 prior close) at Wedbush.

Under Armour Inc. (NYSE: UAA) was raised to Buy from Hold with a $17 price target (versus a $13.84 prior close) at Stifel. The shares had a $12.00 consensus target price.

Wynn Resorts Ltd. (NASDAQ: WYNN) was raised to Overweight from Equal Weight and its price target was raised to $95 from $90 at Morgan Stanley. The stock closed at $72.43 ahead of the call, with a $90.50 consensus price target.

Friday’s top analyst upgrades and downgrades included Alphabet, Amazon.com, Apple, Callaway Golf, Facebook, Illumina, iRobot, Six Flags, Starbucks, Twitter and Yandex.

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