Top Analyst Upgrades and Downgrades: BigCommerce, Exxon, FedEx, Penn National, Rio Tinto, Trillium, Zscaler and More

Penn National Gaming (NASDAQ: PENN) was started with a Buy rating and an $80 price target at Rosenblatt. Shares closed up 5.1% at $58.15 and were indicated up 6% at $61.50 on Thursday morning. The stock had a $54.91 consensus target price.

Rio Tinto PLC (NYSE: RIO) was raised to Buy from Neutral at Citigroup. Shares closed up 1.7% at $61.93, and the consensus target price was $58.77.

Rocket Companies Inc. (NYSE: RKT) was started as Neutral with a $24 price target (versus a $23.39 prior close) at Wedbush Securities.

Sanderson Farms Inc. (NASDAQ: SAFM) was raised to Buy from Neutral with a $139 price target (versus a $121.62 prior close) at Goldman Sachs. The stock was indicated up almost 2% at $124.00 on Thursday, and its consensus target price was $137.63 ahead of this call.

Southern Co. (NYSE: SO) was downgraded to Underperform from Neutral and its target price was lowered to $48 from $53 (versus a $52.85 prior close) at Mizuho.

Spotify Technology S.A. (NYSE: SPOT) was raised to Outperform from Neutral and its target price was raised to $315 from $215 at Credit Suisse.

Trillium Therapeutics Inc. (NASDAQ: TRIL) closed up 43% at $13.59 after positive drug study news and an investment from Pfizer. H.C. Wainwright raised the shares from Neutral to Buy with a $16.50 price target.

Ultra Clean Holdings Inc. (NASDAQ: UCTT) was named as the Bull of the Day at Zacks, which said that the stock offers a value and growth opportunity after a big sell-off. Shares closed most recently at $19.33 and have a consensus price target of $33.60.

Vail Resorts Inc. (NYSE: MTN) was named as the Zacks Bear of the Day stock. The firm said that there is rough terrain ahead for the company as winter approaches. Shares last closed at $218.90 but have a consensus price target of only $211.27.

Zscaler Inc. (NASDAQ: ZS) was up 0.7% at $134.19 ahead of earnings but was last seen down 1.2% at $132.50 afterward. Wedbush reiterated its Outperform rating and raised its target to $160 from $150. Morgan Stanley maintained it as Equal Weight and raised the $104 target to $123.

Five high-dividend tech stocks may be among the best bets for 2021 now. Plus, five very undervalued biotech stocks could be poised to explode higher in the coming year, and eight overlooked companies keep raising their dividends higher and higher.

Wednesday’s top analyst upgrades and downgrades included Aramark, Coupa Software, DraftKings, Duke Energy, eGain, FedEx, Illumina, Lululemon Athletica, Nikola, Slack Technologies and Vroom.

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