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Top Analyst Upgrades and Downgrades: Adobe, Alphabet, Amazon, Aurora Cannabis, Dropbox, Facebook, Lyft, Microsoft, Shopify, Snap, Tesla, Uber and Many More

Lyft Inc. (NASDAQ: LYFT) was started with a Market Perform rating and a $48 target price at Bernstein.

Microsoft Corp. (NASDAQ: MSFT) was reiterated as Buy and the target price was raised to $186 from $160 (versus a $162.09 close) at Jefferies. This followed two more key price hikes this week.

New Relic Inc. (NYSE: NEWR) was downgraded to Underweight from Equal Weight with a $63 target price at Barclays.

Papa John’s International Inc. (NASDAQ: PZZA) was started with a Neutral rating and a $67 target price (versus a $65.28 close) at UBS.

Portola Pharmaceuticals Inc. (NASDAQ: PTLA) was downgraded to Perform from Outperform at Oppenheimer.

Republic Services Inc. (NYSE: RSG) was downgraded to Neutral from Buy at Merrill Lynch.

Scholar Rock Holding Corp. (NASDAQ: SRRK) received $25 million from Gilead as a milestone payment after it demonstrated efficacy in preclinical in vivo proof-of-concept studies in their collaboration in the development of transforming growth factor beta inhibitors for fibrotic diseases. Wedbush Securities reiterated its Outperform rating with a $23 target price (versus a $12.88 close, after a 2.4% gain). The market cap is just $393 million.

Shopify Inc. (NASDAQ: SHOP) was started with a Neutral rating and a $410 price target at Mizuho.

Snap Inc. (NYSE: SNAP) was started with an Outperform rating and a $20 target price at Bernstein. Shares closed at $17.36 and have a consensus target price of $18.30.

Splunk Inc. (NASDAQ: SPLK) was reiterated as Buy and the target price was raised to $185 from $166 (versus a $154.52 close) at Jefferies.

Teladoc Health Inc. (NYSE: TDOC) was started with a Neutral rating and a $90 target price (versus an $85.37 close) at UBS.

Tesla Inc. (NASDAQ: TSLA) was reiterated as Overweight and the target price was raised to $553 from $423 at Piper Jaffray. Other analysts have made mixed calls this week as well. Shares closed at $481.34 and have a consensus target price of $323.86.

Travelers Companies Inc. (NYSE: TRV) was downgraded to Underperform from Market Perform and its target price was lowered to $125 from $144 (versus a $137.62 close) at Keefe Bruyette & Woods.

Twitter Inc. (NYSE: TWTR) was started with an Underperform rating and a $27 target price at Bernstein.

Uber Technologies Inc. (NYSE: UBER) was started with an Outperform rating and a $40 target price at Bernstein. Shares closed at $33.97 and have a consensus target price of $43.65.

Ultra Clean Holdings Inc. (NASDAQ: UCTT) was named as the Bull of the Day at Zacks, which said that this stock looks to have been “basing” in the $22 to $23 range and could move much higher soon. Shares most recently closed at $22.31 and have a consensus price target of $22.10.

Xilinx Inc. (NASDAQ: XLNX) was downgraded to Underperform from Neutral at Merrill Lynch.

Screening the Goldman Sachs Conviction Buy List of stocks looking for the stocks with the highest upside to the firm’s price targets revealed five stocks that could be home runs for investors in 2020.

Robert W. Baird has five top growth stock picks expected to outperform in 2020.

Thursday’s top analyst upgrades and downgrades included Advanced Micro Devices, American Express, Apache, Coca-Cola, Ford, General Motors, Goldman Sachs, Lyft, Snap, Starbucks, Tesla and many more.

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