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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.

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