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Top Analyst Upgrades and Downgrades: AMC, Anthem, Apollo, Caterpillar, Exxon, HSBC, Newmont, PayPal, Six Flags, Starbucks, Stitch Fix, UPS and More

International Paper Co. (NYSE: IP) was maintained as Underweight but the price target was lowered to $29 from $38 (versus a $33.12 close) at KeyBanc Capital Markets. It had a $40.42 prior consensus target price.

Intuitive Surgical Inc. (NASDAQ: ISRG) was downgraded to Underperform from In-Line at Evercore ISI.

Mettler-Toledo International Inc. (NYSE: MTD) was downgraded to Underperform from In-Line at Evercore ISI.

Microchip Technology Inc. (NASDAQ: MCHP) was maintained as Neutral but the price target was raised to $81 from $70 at B. Riley FBR.

Newmont Corp. (NYSE: NEM) was started as Overweight with a $61 price target (versus a $50.53 close) at JPMorgan. It had a $56.72 prior consensus target price.

Nordstrom Inc. (NYSE: JWN) was named as the Zacks Bear of the Day stock yet again. The firm said that this pandemic is pushing retailers to the edge of their balance sheets. Shares last closed at $19.00 and have a consensus price target of $27.56.

Packaging Corp. of America (NYSE: PKG) was maintained as Underweight but the price target was lowered to $79 from $89 (versus an $87.84 close) at KeyBanc Capital Markets. It had a $96.80 prior consensus target price.

PayPal Inc. (NASDAQ: PYPL) was maintained as Outperform but the price target was lowered to $120 from $124 at RBC Capital Markets.

Penumbra Inc. (NYSE: PEN) was named as the Bull of the Day at Zacks, which said that this $5 billion innovator removes blood clots and the deadly shadow of stroke with catheter-based aspiration technologies. Shares most recently closed at $160.92, with a consensus price target of $184.00.

Six Flags Entertainment Corp. (NYSE: SIX) was maintained as Neutral but the price target was raised to $15.50 from $13.00 at B. Riley FBR.

Starbucks Corp. (NASDAQ: SBUX) was maintained as Equal Weight but its price target was lowered to $80 from $90 (versus a $71.57 close) at Stephens. Starbucks was down over 3% at $69.35 after issuing its business update on sales.

Stitch Fix Inc. (NASDAQ: SFIX) was maintained as Overweight but the price target was lowered to $18 from $26 (versus a $13.57 close) at KeyBanc Capital Markets. It had a consensus target price of $19.85.

United Parcel Service Inc. (NYSE: UPS) was downgraded to Neutral from Buy at UBS. UPS closed up 6.3% at $98.79 on news that Amazon would cease to be an open competitor for the overall packages market, and its consensus target price was $109.26.

Zimmer Biomet Holdings Inc. (NYSE: ZBH) was downgraded to In-Line from Outperform at Evercore ISI.

Wednesday’s top analyst upgrades and downgrades included AMC, American Express, Apache, Apple, Beyond Meat, BP, Charles Schwab, CSX, General Motors, Pinterest, Walt Disney, Wingstop and many more.