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Top Analyst Upgrades and Downgrades: Apple, AT&T, Avis Budget, Baidu, Baker Hughes, Biogen, Chipotle, Kinder Morgan, Netflix, Shopify, Ulta and More

Kinder Morgan Inc. (NYSE: KMI) was maintained as Outperform but its price target was cut to $17 from $18 at Raymond James. Kinder Morgan closed at $14.67 ahead of the call, with an $18.34 consensus price target.

Lam Research Corp. (NASDAQ: LRCX) was reiterated as Buy and its price target was raised to $320 from $265 (versus a $271.78 close, after an 11.5% gain) at Nomura/Instinet. Needham maintained its Buy rating but lowered its price target to $325 from $340.

Las Vegas Sands Corp. (NYSE: LVS) was reiterated as Buy and its price target was raised to $57 from $55 at Nomura/Instinet, and Deutsche Bank reiterated its Buy rating and raised its price target to $54 from $50. Shares closed at $41.04 ahead of the call, with a $64.93 consensus price target.

Nasdaq Inc. (NASDAQ: NDAQ) was reiterated as Buy and the price target was raised to $120 from $118 (versus a $104.63 close) at Deutsche Bank.

Nautilus Inc. (NASDAQ: NLS) was raised to Buy with an $8 price target (versus a $5.04 close) at SunTrust Robinson Humphrey, which noted that Nautilus should benefit in the coming quarters from a surge in demand for home fitness equipment.

Netflix Inc. (NASDAQ: NFLX) was down almost 3% at $421.42 after earnings. Imperial Capital reiterated its Outperform rating and raised its price target to $485 from $447.

New York Times Co. (NYSE: NYT) was downgraded to In-Line from Outperform with a $32 price target at Evercore ISI.

Palo Alto Networks Inc. (NYSE: PANW) was raised to Neutral from Underperform at Credit Suisse and the $190 price target remained in place. The firm noted that its negative structural thesis is largely reflected in the stock.

Paycom Software Inc. (NYSE: PAYC) was downgraded to Underperform from Neutral and its price target was slashed to $190 from $290 (versus a $217.74 close) at Credit Suisse. Shares were indicated down almost 6% at $205.00 after earnings, and its prior consensus price target was $259.38.

Shopify Inc. (NYSE: SHOP) was named as the Bull of the Day at Zacks, which said that as the retail apocalypse benefits online platforms, this store of stores may gain the most long-term traction. Shares most recently closed at $626.56, with a consensus price target of $494.40.

SolarWinds Corp. (NYSE: SWI) was downgraded to Neutral from Outperform at Credit Suisse, with the firm concerned about its valuation and exposure to small and midsized businesses.

Teradyne Inc. (NASDAQ: TER) was downgraded to Sell from Neutral and its price target was cut to $52 from $58 (versus a $62.78 close) at UBS.

Ulta Beauty Inc. (NASDAQ: ULTA) was named as the Zacks Bear of the Day stock. The firm said that malls and strip stores may never fully recover, but this beauty will rise again. Shares last closed at $208.71 and have a consensus price target of $234.87.

ViacomCBS Inc. (NASDAQ: VIAC) was downgraded to In-Line from Outperform with an $18 price target (versus a $14.93 close) at Evercore ISI.

Zscaler Inc. (NASDAQ: ZS) was downgraded to Neutral from Outperform but its price target was raised to $75 from $70 (versus a $66.91 close) at Credit Suisse.

There are seven oil stocks that have hedged oil production at much higher oil prices, and BofA Securities has five oil stocks trading under $10 in which it sees very large upside potential.

The team at BofA Securities has recently increased their 18-month price target on gold to the $3,000 per ounce level. That would be a massive 75% move from current levels, and five top gold picks to are expected to score handily on the move.

Wednesday’s top analyst upgrades and downgrades included Boston Scientific, Chipotle Mexican Grill, Coca-Cola, Darden Restaurants, Home Depot, Netflix, Snap, Tesla, Transocean, Zynga and more.