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Top Analyst Downgrades and Upgrades: Adobe, Analog Devices, Caterpillar, Conoco, GM, Southwest Air, Take-Two, Tesla and More

Dave and Buster’s Entertainment Inc. (NASDAQ: PLAY) was raised to Buy from Neutral at SunTrust, which also raised its price target to $22 from $17. The consensus target is $14.65. The last trade on Thursday was reported at $14.63, down over 15%.

General Motors Co. (NYSE: GM) was raised to Buy from Neutral at Goldman Sachs. Shares of the venerable auto company have traded between $14.33 and $41.90 over the past 52 weeks. The consensus price target is $34.76, which compares with a Thursday close of $26.50.

Holly Frontier Corp. (NYSE: HFC) was downgraded to Sell from Neutral at Goldman Sachs. The stock has traded in a 52-week range of $18.48 to $58.88. The consensus price target is $37.64. Thursday’s close was at $30.26 a share.

LivePerson Inc. (NASDAQ: LPSN) was named as the Bull of the Day at Zacks, which said COVID-19 has provided a strong tailwind that could send shares surging past their old all-time highs. Shares most recently closed at $32.64 and have a consensus price target of $39.11.

Roper Technologies Inc. (NYSE: ROP) was downgraded to Perform from Outperform at Oppenheimer. The consensus price target is $372.10, and Thursday’s closing price was $392.30.

Southwest Airlines Co. (NYSE: LUV) is raised to Outperform from Neutral at Credit Suisse. The 52-week trading range for the low-cost leading airline is $22.47 to $58.83. The consensus price target is $39.63, and Thursday’s close was at $32.83. The shares were trading up almost 10% in Friday’s premarket action.

Spirit Airlines Inc. (NYSE: SAVE) was downgraded to Underperform from Neutral at Credit Suisse. The consensus price target for the budget carrier is $14.17, which compares to the close Thursday of $16.08, after a 17% drop. Despite the downgrade, the shares were up over 13% in premarket action.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) was raised to a Buy rating from Neutral at MKM Partners. Its 52-week trading range is $100 to $149.28, and the consensus price target is $148.39. Thursday close was at $134.92.

Tesla Inc. (NASDAQ: TSLA) was downgraded to Neutral from Buy at Goldman Sachs. Morgan Stanley also downgraded the shares to Underweight from Equal Weight. The electric vehicle giant has traded in an incredible 52-week range of $207.51 to $1,027.84. The posted consensus price target is $636.30, but shares closed way above that level at $972.84 on Thursday.

United Airlines Holdings Inc. (NYSE: UAL) was downgraded to Neutral from Outperform at Credit Suisse. The consensus price target for the airline is $38, which compares with Thursday’s close at $33.32. Despite the downgrade, the stock was up over 10% in premarket trading.

BofA Securities has five stocks to rotate to now as the stock market melt-up rally appears to have hit a wall.

Thursday’s top analyst upgrades and downgrades included Apple, DraftKings, Gap, Grubhub, Inogen, Kellogg, Lyft, ONEOK, Redfin, Uber Technologies, Yum Brands and Zillow.