Benzinga's Top Analyst Calls For April 19, 2018

• UBS out negative on Tesla Inc TSLA; the firm expects tough Q1 comps for the company, believes changes to the automated line at this point are concerning and raises questions regarding Tesla's long-term goals.
• Bank of America Merrill Lynch upgrades Party City Holdco Inc PRTY from Neutral to Buy, says a better Halloween calendar, a strong lineup of films and acquisition of franchise locations are drivers for better-than-expected comps and margin expansion.
• Needham reiterates Buy rating, $50 price target on Roku Inc ROKU, defending stock amid Amazon, Best Buy partnership; firm says deal eliminates threat from Amazon in other stores as deal with Best Buy is exclusive.
• Morgan Stanley maintains Overweight rating on Amazon.com, Inc. AMZN, says partnership with Best Buy Co Inc BBY will allow the company to penetrate brick-and-mortar retail.
• Canaccord downgrades Aceto Corp ACET from Buy to Sell, noting dividend cuts and guidance withdrawal; “we’ve seen a rapid degradation of Aceto’s asset-light business model in the wake of continued pressures for commoditized generics."
• BMO raises Alcoa Corp AA price target from $63 to $80, says shares represent compelling risk-reward due to near-term price spikes and long-term potential global deficits in aluminum.
• Maxim Group maintains Buy rating and $410 price target on Chipotle Mexican Grill Inc CMG ahead of Q1 results, expects full-year 2018 comps to run at a 4.5-percent pace vs. a 2.7-percent consensus).
• Bank of America Merrill Lynch upgrades Textron Inc TXT from Underperform to Buy and raises price target from $57 to $75; “stronger than expected 1Q18 operating results, particularly in Textron Aviation, is the key driver of our positive outlook.”

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