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Top Analyst Upgrades and Downgrades: Cree, Goldman Sachs, Home Depot, IBM, Lennar, Lowe's, NetApp, Netflix, Starbucks, United Continental and More

MongoDB Inc. (NASDAQ: MDB) was started as Outperform and assigned an $80 price target (versus a $70.30 close) at Oppenheimer. The consensus target price is $83.75, and the 52-week trading range is $24.62 to $85.25.

NetApp Inc. (NASDAQ: NTAP) was raised to Buy from Neutral with a $91 price target (versus a $77.92 close, after a 3.4% gain) at Goldman Sachs. NetApp had a consensus target price of $87.89, and its shares were indicated up another 2.7% at $80.00 on Wednesday morning.

Netflix Inc. (NASDAQ: NFLX) was up 4% at $346.40 ahead of earnings, but Wednesday’s post-earnings gain is up 10% at $382.00 after the company surged beyond subscriber growth expectations. BMO Capital Markets reiterated its Outperform rating and raised its target to $440 from $400. Canaccord Genuity reiterated it as Buy and raised the target to $470 from $450, and Citigroup reiterated its Buy rating and raised its target to $400 from $375. Netflix also was downgraded to Sector Weight from Overweight in a valuation call by KeyBanc Capital Markets, while Wedbush maintained its lowest street standing with an Underperform rating and $150 price target. Here is the FULL NETFLIX COVERAGE.

Pure Storage Inc. (NYSE: PSTG) was raised to Neutral from Sell with a $23 price target (versus a $23.38 close, after a 4,8% gain) at Goldman Sachs.

Simply Good Foods Co. (NASDAQ: SMPL) was started with a Buy rating and assigned a $22 price target (versus an $18.92 close, after a 6.4% gain) at Buckingham. The consensus target price is $20.20.

Smart Sand Inc. (NYSE: SND) was downgraded to Underperform from Hold with a $2.50 price target (versus a $3.82 close) at Jefferies. The stock was indicated down almost 11% at $3.40 early on Wednesday, and its prior consensus target price was all the way up above $67.

Starbucks Corp. (NASDAQ: SBUX) was reiterated as Outperform and the price target was raised to $64 from $60 (versus a $57.81 close) at Wells Fargo. Starbucks is now up 22% from its 52-week low of $47.37, and its 52-week high is $61.94. The consensus target price is $58.25.

United Continental Holdings Inc. (NYSE: UAL) was raised to Buy from Hold and the target price was raised to $100 from $91 (versus an $83.52 close) at Deutsche Bank. Citigroup reiterated it as Buy and raised the price target to $100 from $99. United Continental has a consensus target price of $95.23, and its 52-week high is $91.39. Its full earnings coverage showed why they are upbeat.

UnitedHealth Group Inc. (NYSE: UNH) was reiterated as Buy and the price target was raised to $320 from $315 (versus a $272.57 close) at Merrill Lynch. UnitedHealth has a consensus target price of $60.00.

U.S. Silica Holdings Inc. (NYSE: SLCA) was downgraded to Hold from Buy with a $20 price target (versus an $18.71 close) at Jefferies. It was indicated down almost 5% at $17.80 on Wednesday.

Workday Inc. (NASDAQ: WDAY) was raised to Outperform from Market Perform with a $165 target price (versus a $134.19 close, after a 5.6% gain) at Bernstein.

Wednesday’s top analyst calls included Adobe, Bank of America, Boston Scientific, Facebook, Las Vegas Sands, Merck, Tilray, TJX Companies, Valero Energy and many more.