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Top Analyst Upgrades and Downgrades: Apple, Baidu, Boeing, Delta, Disney, L3Harris, Moderna, Raytheon, Roku and More

Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) was raised to Buy from Hold with a $28 target price (versus an $18.85 close) at Deutsche Bank.

Delta Air Lines Inc. (NYSE: DAL) was started as Overweight with a $50 price target at Morgan Stanley.

General Dynamics Corp. (NYSE: GD) was started as Underweight and a $163 price target at Morgan Stanley.

JetBlue Airways Corp. (NASDAQ: JBLU) was started as Overweight with a $16 price target (versus a $12.13 close) at Morgan Stanley.

L3Harris Technologies Inc. (NYSE: LHX) was started as Overweight with a $248 price target (versus a $181.73 close) at Morgan Stanley.

Moderna Inc. (NASDAQ: MRNA) was downgraded to Underperform from Market Perform and its target price was cut to $41 from $58 at SVB Leerink. The stock closed down 3.45% at $62.60 and was indicated down another 7.8% at $57.70 on Tuesday morning.

Molecular Templates Inc. (NASDAQ: MTEM) was started with a Buy rating and a $21 target price (versus a $10.07 prior close) at Jefferies.

Nokia Corp. (NYSE: NOK) was downgraded to Market Perform from Strong Buy at Raymond James.

PagSeguro Digital Ltd. (NASDAQ: PAGS) was downgraded to Neutral from Buy and its target price was lowered to $42 from $47 (versus a $39.12 close) at Goldman Sachs.

Raytheon Technologies Corp. (NYSE: RTX) was started as Overweight with an $89 price target (versus a $61.17 close) at Morgan Stanley.

Roku Inc. (NASDAQ: ROKU) was started with an Overweight rating with a $215 price target (versus a $159.91 close) at Wells Fargo.

Southwest Airlines Co. (NYSE: LUV) was started as Overweight with a $54 price target (versus a $39.39 close) at Morgan Stanley.

Textron Inc. (NYSE: TXT) was started as Overweight with a $45 price target (versus a $39.94 close) at Morgan Stanley.

United Airlines Holdings Inc. (NYSE: UAL) was started as Underweight and was given a $37 target price (versus a $38.21 close) at Morgan Stanley

Walt Disney Co. (NYSE: DIS) was raised to Buy from Hold at Deutsche Bank, mostly based on the addition of the global streaming entertainment aspects of its business.

Zoom Video Communications Inc. (NASDAQ: ZM) was named as the Bull of the Day at Zacks, which said that it was expanding well before the pandemic that highlighted the utility of its offerings. Shares closed most recently at $369.89 and have a consensus price target of $401.71.


Goldman Sachs has 10 reasons the bull market can continue to run higher, although perhaps not in a straight line.

Friday’s top analyst calls included Akebia Therapeutics, Broadcom, DocuSign, Lululemon Athletica, NextEra Energy, Overstock.com, Shopify and Wayfair.