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Top Analyst Upgrades and Downgrades: Alibaba, Annaly, Bed Bath & Beyond, Clorox, CrowdStrike, FireEye, GoPro, Lyft, Square, Tesla, Uber and More

Palo Alto Networks Inc. (NYSE: PANW) was started with a Buy rating and assigned a $246 target price (versus a $205.41 close) at SunTrust Robinson Humphrey.

Proofpoint Inc. (NASDAQ: PFPT) was started with a Hold rating and assigned a $135 target price (versus a $126.60 close, after a 1.5% drop) at SunTrust Robinson Humphrey.

Qualys Inc. (NASDAQ: QLYS) was started with a Hold rating and assigned an $85 target price (versus a $78.20 close, after a 2.7% gain) at SunTrust Robinson Humphrey.

Rapid7 Inc. (NASDAQ: RPD) was started with a Buy rating and assigned a $66 target price (versus a $44.12 close) at SunTrust Robinson Humphrey.

Raytheon Co. (NYSE: RTN) was raised to Outperform from Neutral and its target price was raised to $230 from $188 at Credit Suisse. Raytheon previously closed down 0.45 at $191.29, and its prior consensus target price was $217.73.

Smartsheet Inc. (NYSE: SMAR) was maintained as Outperform but the target price was lowered to $53 from $60 (versus a $35.72 close) at RBC Capital Markets. The consensus target price is $54.00, and the 52-week range is $20.34 to $55.79.

Square Inc. (NYSE: SQ) was started with a Hold rating and assigned a $58 price target (versus a $60.08 close) at Berenberg. Square has a 52-week range of $49.82 to $97.06, and its consensus target price was $80.00.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) was started with a Neutral rating and assigned a $135 target price (versus a $119.66 close, after a 2.6% drop) at Nomura/Instinet. Its consensus target price is $134.96.

Tesla Inc. (NASDAQ: TSLA) was down 0.6% at $243.13 ahead of announcing record deliveries that were still short of expectations, and Tesla was indicated down 4.6% at $232.00 on Thursday. JMP Securities downgraded Tesla to Market Perform from Outperform. Analyst targets are all over the place, but the consensus target price was $254.00 ahead of the news.

Uber Technologies Inc. (NYSE: UBER) was started with a Neutral rating and assigned a $32 price target (versus a $29.00 close) at MKM Partners. Uber has a post-IPO range of $28.31 to $47.08, and its consensus target price was $50.16.

Zscaler Inc. (NASDAQ: ZS) was started with a Buy rating and assigned a $73 target price (versus a $46.94 close) at SunTrust Robinson Humphrey.

The electronic and discount brokers were lower again on Thursday as the majors are now all adopting a $0 commission structure for online trading. Wells Fargo has downgraded both E*Trade Financial Corp. (NASDAQ: ETFC) and Charles Schwab Corp. (NYSE: SCHW) to Market Perform from Outperform. E*Trade’s target price was lowered to $37 from $55, and Schwab’s target was lowered to $39 from $50 in that Wells Fargo call. The firm also downgraded TD Ameritrade Holdings Inc. (NASDAQ: AMTD) to Underperform from Outperform and slashed its target to $30 from $58.

Wednesday’s top analyst upgrades and downgrades included AIG, Apple, Charles Schwab, Ciena, E*Trade, GoPro, Spotify, Stitch Fix, TD Ameritrade and many more.