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Top Analyst Upgrades and Downgrades: Agilent, Aurora Cannabis, Best Buy, Box, Marvell, Nvidia, Palo Alto, Roku, Splunk, TJX and More

Jon C. Ogg

Harpoon Therapeutics Inc. (NASDAQ: HARP) was started with an Overweight rating and a $35 price target (versus a $21.11 close) at Piper Sandler. It had a $26.50 prior consensus price target, and its 52-week high is $25.00.

Hewlett Packard Enterprise Co. (NYSE: HPE) was downgraded to Market Perform from Outperform at Raymond James. Its shares were indicated down almost 7% at $9.64 on Friday after posting an $800 million loss and announcing more job cuts amidst the coronavirus economy.

Marvell Technology Group Ltd. (NASDAQ: MRVL) was reiterated as Buy and its price target was raised to $34 from $31 (versus a $29.10 close) at B. Riley FBR. It had a $28.83 consensus price target.

Nvidia Corp. (NASDAQ: NVDA) was down 2.1% at $351.01 ahead of earnings and was indicated up 1% at $354.85 after earnings beat expectations. SunTrust Robinson Humphrey reiterated it as Buy and raised its price target to $384 from $327. Wedbush reiterated its Outperform rating but raised its price target to $420 from $340, and Wells Fargo reiterated its Overweight rating and raised its target price to $430 from $360. Needham reiterated its Buy rating and raised its target to $400 from $360. Other target hikes have been seen from Oppenheimer, Instinet, Rosenblatt, Raymond James and more.

National Health Investors Inc. (NYSE: NHI) was downgraded to Neutral from Buy at Mizuho.

ONEOK Inc. (NYSE: OKE) was downgraded to Neutral from Overweight at JPMorgan.

Palo Alto Networks Inc. (NYSE: PANW) was down 2% at $229.26 ahead of earnings but was then indicated up 7% at $245.50 after beating earnings expectations. Its consensus price target ahead of earnings was $212.77. Barclays reiterated it as Overweight and raised its price target to $280 from $236.

Paylocity Holding Corp. (NASDAQ: PCTY) was started with a Neutral rating at Piper Sandler.

Protagonist Therapeutics Inc. (NASDAQ: PTGX) was reiterated as Outperform and its price target was raised to $30 from $17 at SVB Leerink. Shares closed up 4% at $16.00 ahead of the call, with a $20.60 consensus price target and a $17.33 52-week high.

Roku Inc. (NASDAQ: ROKU) was downgraded to Equal Weight from Overweight and its price target was lowered to $105 from $155 at Stephens.

Splunk Inc. (NASDAQ: SPLK) was reiterated as Buy and its price target was raised to $190 from $160 (versus a $163.45 close) at Stifel. Shares were indicated up over 6% at $174.00 on Friday. Needham reiterated it as Buy and raised its price target to $192 from $168.

TJX Companies Inc. (NYSE: TJX) was reiterated as Overweight and its price target was raised to $64 from $60 at Barclays. The stock was up almost 7% at $54.30 on Thursday, and its consensus price target was $59.96.

BofA Securities has five stocks trading under $10 in which it sees huge upside.

Many investors believe that the stock market is completely decoupled from the actual economy, but here are 10 of the major forces that have been driving the Dow, Nasdaq and S&P 500 higher and higher since March’s panic selling lows. Some investors would point out that this is not even a bear market anymore.

Thursday’s top analyst upgrades and downgrades included Aerojet Rocketdyne, Avis Budget, Carnival, Chipotle Mexican Grill, Expedia, Home Depot, Lowe’s, MGM Resorts, Stratasys, Square, Walmart and more.