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Top Analyst Upgrades and Downgrades: Adobe, BP, Caterpillar, CSX, Intel, IBM, NextEra, Pinterest, Qualcomm, Snap, Twitter, Western Digital, Yum Brands and More

Match Group Inc. (NASDAQ: MTCH) was downgraded to Neutral from Buy but its target price was raised to $95 from $88 (versus a $92.45 close) at UBS.

Morgan Stanley (NYSE: MS) managed to close up a sharp 6.6% at $56.44 in Thursday’s earnings reaction, putting in a new multiyear high of $57.36 and against a prior consensus target price of $57.35. Piper Sandler downgraded it to Neutral from Overweight with a $59 target price.

NextEra Energy Inc. (NYSE: NEE) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets, a day after another value-driven downgrade. It has a $123 billion market cap and a consensus target price of $251.14.

Phillips 66 (NYSE: PSX) was maintained as Buy but the target price was lowered to $228 from $135 (versus a $103.79 close) at Citigroup.

Pinterest Inc. (NYSE: PINS) was raised to Overweight from Equal Weight and the target price was raised to $30 from $28 (versus a $22.95 close) at Wells Fargo. Pinterest had a consensus target price of $26.31 ahead of the call.

Polaris Industries Inc. (NYSE: PII) was downgraded to Neutral from Outperform and the target price was lowered to $95 from $110 (versus a $93.96 close) at Wedbush.

PPG Industries Inc. (NYSE: PPG) saw its shares slide 2.5% lower to $127.41 in Thursday’s post-earnings reaction, with a prior consensus target price of $136.00. Credit Suisse maintained it as Neutral.

Qualcomm Inc. (NASDAQ: QCOM) was raised to Buy from Neutral and the target price was raised to $108 from $89 (versus a $91.79 close) at Citigroup. Shares closed up 2.3% ahead of the call and were indicated up another 1.2% at $92.95 ahead of Friday’s open, with a prior consensus target price of $98.45.

Royal Caribbean Cruises Ltd. (NYSE: RCL) was downgraded to Hold from Buy at Berenberg.

Snap Inc. (NYSE: SNAP) was raised to Buy from Neutral at UBS, and the firm raised its target price to $24 from $16, despite a 20% gain in just the past month or so. The firm talked up Snap’s renewed management team driving new users and ad monetization contributing revenue growth for the coming years that is above expectations. Shares closed up 1.5% at $18.25 ahead of the call and were indicated up about 3.5% at $18.90 after the note. Its consensus target price was $18.35 ahead of that call.

Southwest Airlines Co. (NYSE: LUV) was downgraded to Hold from Buy with a $58 target price at Deutsche Bank. Shares closed up 0.5% at $55.30 and had a consensus target price of $59.17.

Sun Life Financial Inc. (NYSE: SLF) was reiterated as Buy and the target price was raised to $53 from $48 (versus a $48.34 close) at Argus, with the independent research firm noting several small acquisitions should help boost earnings on top of already reporting solid earnings.

Synlogic Inc. (NASDAQ: SYBX) was reiterated as Outperform with a $14 target price (versus a $3.19 close) at Wedbush. The firm’s call is a sum of the parts valuation, and it is evaluating potential drug sales out to 2027. This stock is down from a 52-week high of $11.43, and note that it has only an $89 million market cap.

Syros Pharmaceuticals Inc. (NASDAQ: SYRS) was downgraded to Neutral from Outperform with a $9 target price (versus a $9.19 close) at Wedbush, with the firm now waiting for the fourth quarter data readouts.

Twitter Inc. (NYSE: TWTR) was downgraded to Neutral from Buy at UBS, and the firm lowered its target price to $35 from $37, with a bumpy year expected despite great macro-catalysts. Twitter closed up 4.17% at $34.19, with a $34.03 consensus target price ahead of this call.

Western Digital Corp. (NASDAQ: WDC) was raised to Outperform from Neutral and the price target was raised to $83 from $51 (versus a $66.67 close) at Wedbush, which also raised its 2021 earnings estimates by more than half up to $13.35 a share from $8.81, based on price trajectory indicating a V-bottom shaped recovery.

Yum! Brands Inc. (NYSE: YUM) was raised to Overweight from Equal Weight and the target price was raised to $118 from $113 (versus a $102.16 close) at Morgan Stanley.

Weyerhaeuser Co. (NYSE: WY) was reiterated as Buy and the target price was raised to $35 from $33 (versus a $31.30 close) at Citigroup.

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Thursday’s top analyst upgrades and downgrades included Barrick Gold, BlackRock, Comcast, Microsoft, NextEra Energy, Ping, Shopify, Tesla, 3D Systems, UnitedHealth and many more.