Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

• Goldman Sachs analyst Robert Cox downgraded Arthur J. Gallagher & Co. (NYSE:AJG) from Buy to Neutral and maintained the price target of $313. Arthur J. Gallagher shares closed at $304.29 on Friday. See how other analysts view this stock.
• Citigroup analyst Keith Horowitz downgraded the rating for M&T Bank Corporation (NYSE:MTB) from Buy to Neutral but raised the price target from $220 to $230. M&T Bank shares closed at $221.12 on Friday. See how other analysts view this stock.
• Telsey Advisory Group analyst Joseph Feldman downgraded Five Below, Inc. (NASDAQ:FIVE) from Outperform to Market Perform and lowered the price target from $102 to $95. Five Below shares closed at $86.92 on Friday. See how other analysts view this stock.
• Wells Fargo analyst Stephen Baxter downgraded the rating for HCA Healthcare, Inc. (NYSE:HCA) from Equal-Weight to Underweight and slashed the price target from $400 to $320. HCA Healthcare shares closed at $324.93 on Friday. See how other analysts view this stock.
• Goldman Sachs analyst Tina Hou downgraded NIO Inc. (NYSE:NIO) from Neutral to Sell and lowered the price target from $4.8 to $3.9. Nio shares closed at $4.84 on Friday. See how other analysts view this stock.

Considering buying NIO stock? Here's what analysts think:

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