Top Analyst Upgrades and Downgrades: Agnico Eagle Mines, Ford, Marathon Petroleum, Roku, Spotify, Quest Diagnostics and More

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Spotify Technology S.A. (NASDAQ: SPOT) was started with a Buy rating and a $200 price target at Pivotal Research. The 52-week trading range is $135.51 to $171.54. The consensus price target is posted at $152.88. The stock closed Friday at $156.60.

Xcerra Corp. (NASDAQ: XCRA) was downgraded to Hold from Buy at Stifel, but the analysts raised the price target to $14 from $13. That compares with the consensus target of $14.20. The stock has traded in a 52-week range of $9.20 to $14.17 and closed last Friday at $13.86.

Other key analysts upgrades and downgrades were seen in the following.

Axon Enterprises Inc. (NASDAQ: AAXN) was started with an Outperform rating at William Blair. The 52-week trading range for the shares is $20.57 to $63.50. The consensus price target is $49.17, but shares closed way above that level on Friday at $63.01.

Cogent Communications Holdings Inc. (NASDAQ: CCOI) was downgraded to Sector Perform from Outperform at RBC Capital Markets. Its 52-week trading range is $36.75 to $54.85. The consensus price target is set at $46.47, and the stock closed last Friday at $50.05.

Inspire Medical Systems Inc. (NYSE: INSP) was started with an Outperform rating at Wells Fargo. The consensus price target has not been set as this company was a new IPO that started trading in early May. The stock closed Friday at $30.61, in a post-IPO range of $22.50 to $43.40.

Novartis A.G. (NYSE: NVS) was downgraded to Hold from Buy at HSBC Securities. The 52-week range is $75.73 to $94.19, and the consensus price objective is $88.16. The shares closed Friday at $76.10.

PermRock Royalty Trust L.P. (NYSE: PRT) was started with a Buy rating at UBS. This recent IPO started trading in early May. Stifel also initiated the shares at Buy and a $17 price target. The stock has traded in a range of $14.78 to $16.69 since the deal priced. The shares closed last Friday at $15.60.

Quest Diagnostics Inc. (NYSE: DGX) is raised to Overweight from Equal Weight at Morgan Stanley. The 52-week range is $98.93 to $107.84. The consensus price target is $110.80. Shares closed trading last Friday at $105.81.

Rambus Inc. (NASDAQ: RMBS) was started with a Neutral rating and a $16 price target at Credit Suisse. That compares with the Wall Street target of $16.90. The 52-week trading range is $11.30 to $15.50, and the stock closed trading on Friday at $13.55.

Sun Life Financial Inc. (NYSE: SLF) was downgraded to Neutral from Buy at CIBC. The 52-week trading range is $32.22 to $44.50., and the posted consensus price target is $45.65. With the stock closing Friday at $42.43, this could be a valuation call.

TCF Financial Corp. (NYSE: TCF) is raised to Outperform from Market Perform at Raymond James. The 52-week trading range is $14.58 to $26.77. The consensus price target is $25.73, and shares closed Friday at $26.41.

In case you missed it, last Friday’s top analyst upgrades and downgrades included Starbucks, Splunk, PayPal, L Brands, Medtronic, Gap, Novartis and more.

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