Friday’s Top Analyst Upgrades and Downgrades: Adobe, Citigroup, FedEx, Foot Locker, Intel, Nike, Qualcomm, Under Armour and More

Choice Hotels International Inc. (NYSE: CHH): Baird upgraded the stock to Outperform from Neutral and bumped the $133 target price to $134. The consensus target is $1244.44. Thursday’s close at $116.28 was up close to 4% for the day.

Circor International Inc. (NYSE: CIR): Stifel raised its target price on the Buy-rated shares to $40 from $30. The consensus target is $34. Thursday’s close at $30.91 was a one-day gain of 15% after solid results.

Citigroup Inc. (NYSE: C): Jefferies reiterated a Hold rating with a $45 target price. The consensus target is $58.32. The stock closed on Thursday at $45.62.

FedEx Corp. (NYSE: FDX): Stifel upgraded the delivery giant to Buy from Hold, and its price target jumped to $222 from $171. The consensus target is $209.81. Thursday’s $204.05 close was up almost 5% on the day after strong quarterly results.

Five Below Inc. (NASDAQ: FIVE): Goldman Sachs raised its $187 price target all the way to $209. The consensus target is $215.05. The stock closed on Thursday at $195.33.

Foot Locker Inc. (NYSE: FL): Telsey Advisory upgraded the retailer to Outperform from Market Perform. Its $39 target price rose to $50, above the $42.63 consensus target. The stock ended Thursday’s session at $42.70, up over 4% on the day. The company will report earnings next week.

Hewlett Packard Enterprise Co. (NYSE: HPE): Oppenheimer reiterated a Buy rating, and its $20 target price is higher than the $17.40 consensus figure. The stock closed almost 4% higher on Thursday at $14.31.

Intel Corp. (NASDAQ: INTC): When Susquehanna upgraded the legacy chip giant to Neutral from Negative, its target price increased to $26 from $23. The consensus target is $27.37. The shares closed over 6% higher on Thursday at $30.18, as all of the top chip stocks rallied.

Jones Lang LaSalle Inc. (NYSE: JLL): Wolfe Research upgraded the stock to Outperform from Peer Perform. Its $218 target price is well above the consensus target of $201.33. The stock closed on Thursday at $148.88.

Lululemon Athletica Inc. (NASDAQ: LULU): Redburn initiated coverage with a Sell rating and a $257 target price. The consensus target is up at $377.27, and the stock closed on Thursday at $297.40.

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