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Top Analyst Upgrades and Downgrades: AGCO, Anthem, AT&T, Caterpillar, Comcast, Cogent, CVS, DraftKings, FedEx, Papa John's, Square, UnitedHealth and More

FedEx Corp. (NYSE: FDX) was raised to Overweight from Neutral and its price target was raised to $188 from $145 at JPMorgan. FedEx closed up 4.2% at $140.22 ahead of earnings but was indicated up over 10% at $156.00 on Wednesday ahead of the open, with a prior $150.67 consensus target price.

Global Blood Therapeutics Inc. (NASDAQ: GBT) was raised to Buy from Neutral and its target price was raised to $103 from $91 at Goldman Sachs. It had a $107.50 consensus target price.

GSX Techedu Inc. (NYSE: GSX) was downgraded to Neutral from Buy but its target price was raised to $57 from $50 at Goldman Sachs.

Humana Inc. (NYSE: HUM) was started with an Outperform rating and a $465 price target (versus a $387.75 close) at SVB Leerink.

iHeartMedia Inc. (NASDAQ: IHRT) was downgraded to Neutral from Buy at BofA Securities.

Invitae Corp. (NASDAQ: NVTA) was downgraded to Hold from Buy at Benchmark.

Molina Healthcare Inc. (NYSE: MOH) was started with an Outperform rating and a $220 price target at SVB Leerink.

Northern Oil and Gas Inc. (NYSE: NOG) was raised to Buy from Hold and was assigned a $2 price target (versus $0.84 prior close) at SunTrust. The firm noted that Northern’s non-operated status that keeps it at a discount provides positive options in the current volatile energy environment as it is able to actively decide which wells to participate in and which to non-consent along with what accretive working interests it should acquire.

Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) was named as the Bull of the Day at Zacks, which said that this discount retailer could be just the thing to help budget-conscious consumers. Shares most recently closed at $97.65 and have a consensus price target of $98.64.

1Life Healthcare Inc. (NASDAQ: ONEM) was started with a Market Perform rating at SVB Leerink.

Papa John’s International Inc. (NASDAQ: PZZA) was started as Outperform and with a $95 price target (versus a $79.10 close) at Wedbush Securities, with drivers of sustained mid-to-high single digits same-store sales with economics that could send domestic growth ahead of expectation.

Peloton Interactive Inc. (NASDAQ: PTON) was reiterated with a Buy rating and its target was raised to $70 from $56 (versus a $57.77 close) at Rosenblatt.

Rent-A-Center Inc. (NASDAQ: RCII) was downgraded to Neutral from Buy by Janney.

Replimune Group Inc. (NASDAQ: REPL) was downgraded to Neutral from Buy at H.C. Wainwright.

Square Inc. (NYSE: SQ) was raised to Buy from Neutral and its price target was raised to $121 from $69 (versus a $104.94 close) at Rosenblatt.

UnitedHealth Group Inc. (NYSE: UNH) was started with an Outperform rating and a $360 price target (versus a $294.95 close) at SVB Leerink.

Varonis Systems Inc. (NASDAQ: VRNS) was started with an Overweight rating and a $130 price target (versus an $88.48 close) at JPMorgan.

Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) lost almost half of its value and closed down at $3.37 on Tuesday after disappointing cannabinoid drug study data. Needham downgraded it to Hold from Buy.

Four top software stocks are set to have explosive growth and leadership as the newer customer relationship management software players.

Tuesday’s top analyst upgrades and downgrades included ANGI Homeservices, Carnival, Chegg, Clorox, Crocs, Dish Network, Etsy, Intercept Pharmaceuticals, Micron Technology, Okta, Seattle Genetics, Spotify, Square, 2U and more.