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Friday's Top Analyst Upgrades and Downgrades: Shopify, Qualcomm, Pinterest, Sprouts, BlackLine, Fortinet, Carbon Black and More

NetApp Inc. (NASDAQ: NTAP) was downgraded by Piper Jaffray to a Neutral rating with a $48 price target. Shares closed at $57.71, in a 52-week range of $54.50 to $88.08. The consensus price target is $68.65.

Owens-Illinois Inc. (NYSE: OI) was maintained as Neutral by KeyBanc. Shares closed at $12.86, in a 52-week range of $12.82 to $20.78. The consensus price target is $20.38.

Pinterest Inc. (NYSE: PINS) was upgraded to a Buy rating with a $40 price target by Deutsche Bank. Shares closed at $28.30, in a 52-week range of $23.05 to $35.29. The consensus price target is $28.29.

Qualcomm Inc. (NASDAQ: QCOM) was downgraded by DZ Bank to a Sell rating. Shares of Qualcomm closed at $71.20, in a 52-week range of $49.10 to $90.34. The consensus price target is $81.03.

Royal Gold Inc. (NASDAQ: RGLD) was downgraded by CIBC to Neutral. Shares closed at $118.65, in a 52-week range of $70.16 to $121.06. The consensus price target is $105.46.

Sprouts Farmers Market Inc. (NASDAQ: SFM) was downgraded to an Underperform rating by JPMorgan. BMO Capital Markets downgraded it to an Underperform rating as well. Shares closed at $18.17, in a 52-week range of $16.46 to $29.67. The consensus price target is $20.80.

Shopify Inc. (NYSE: SHOP) was maintained with an Overweight rating and a $385 price target by KeyBanc. Shares closed at $341.39, in a 52-week range of $117.64 to $350.79. The consensus price target is $354.04.

Stericycle Inc. (NASDAQ: SRCL) was upgraded to a Neutral rating with a $44 price target by Baird. Shares closed at $44.51, in a 52-week range of $34.36 to $65.81. The consensus price target is $54.67.

SVMK Inc. (NASDAQ: SVMK) was upgraded to Buy with a $24 price target by UBS. The shares closed at $16.51, in a 52-week range of $10.05 to $20.00. The consensus price target is $19.86.

Universal Logistics Holdings Inc. (NASDAQ: ULH) was upgraded by Stifel to a Buy rating with a $30 price target. Shares closed at $19.83, in a 52-week range of $17.40 to $37.67. The consensus analyst target is $28.67.

Zacks has named Garmin Ltd. (NASDAQ: GRMN) as its Bull of the Day, saying that this firm has seen rising levels in profitability through savvy acquisitions and strong earnings results. The Bear of the Day is Harley-Davidson Inc. (NYSE: HOG). Zacks noted that the motorcycle firm posted its worst second-quarter sales figures since 2011.

Thursday’s top analyst calls included Allstate, Corning, DexCom, Lam Research, On Deck, Qualcomm, Spotify, Western Digital, Whiting Petroleum and more.