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Top Analyst Upgrades and Downgrades: Alexion, Amazon, Diageo, eBay, Etsy, Home Depot, MGIC, Netflix, Sirius XM, Vir Bio and More

JetBlue Airways Corp. (NASDAQ: JBLU) was raised to Overweight from Underweight with a new $17 price target at JPMorgan, based on an upbeat longer-term forecast for the air carrier. The stock was indicated up 6% at $12.20 a share on Wednesday, and its consensus target price was $12.93.

MGIC Investment Corp. (NYSE: MTG) was raised to Outperform from Market Perform at Keefe Bruyette & Woods. Shares closed up 0.8% at $9.93 ahead of the call, and they have a $12.43 consensus price target.

Molson Coors Beverage Co. (NYSE: TAP) was reiterated as Buy and it was named to the Best Idea list of stocks at Guggenheim. After closing down three cents at $34.92 a share on Tuesday, the stock was indicated up almost 2% at $35.60 on Wednesday. The consensus price target is $43.81.

Netflix Inc. (NASDAQ: NFLX) was reiterated as Buy and its price target was raised to $650 at Pivotal Research.

PVH Corp. (NYSE: PVH) was downgraded Underweight from Equal Weight with a $58 target price (versus a $61.64 close) at Barclays. It had a $67.53 consensus price target.

Radian Group Inc. (NYSE: RDN) was raised to Outperform from Market Perform at Keefe Bruyette & Woods. Shares closed up 3.5% at $16.79 ahead of the call and have a $21.91 consensus price target.

Ralph Lauren Corp. (NYSE: RL) was downgraded to Equal Weight from Overweight at Barclays.

Sirius XM Holdings Inc. (NASDAQ: SIRI) was last seen trading up over 4% at $5.79 on news that it is about to sign a new deal with Howard Stern and that it was increasing its dividend. Credit Suisse upgraded it to Outperform from Neutral and raised its price target was to $7.50 from $6.25, based on surprisingly better than expected results.

Southwest Airlines Co. (NYSE: LUV) was downgraded to Underweight from Neutral at JPMorgan. After closing down 2.3% at $37.58 on Tuesday, its stock was up 2% at $38.35 on Wednesday.

United Airlines Holdings Inc. (NYSE: UAL) was raised to Overweight from Neutral and its target price was raised to $52 from $44 at JPMorgan. The stock closed down 3.6% at $34.88 on Tuesday and was indicated up over 4.5% at $36.50 on Wednesday.

Urban Outfitters Inc. (NASDAQ: URBN) was raised to Overweight from Equal Weight with a $26 price target (versus a $22.82 close) at Barclays.

Vir Biotechnology Inc. (NASDAQ: VIR) was up 6.1% at $41.50 on Tuesday after expanding a Phase 3 COVID-19 trial with GlaxoSmithKline. H.C. Wainwright reiterated it as Buy and raised its price target to $100 from $80.

Vishay Intertechnology Inc. (NYSE: VSH) was raised to Buy from Hold with a $20 target price (versus a $16.19 close) at Stifel.

While 2020 has been pretty much a nightmare for retail, the holidays are now starting to come into view and shoppers are already looking for bargains. BofA Securities has five retail stocks rated Buy that have the exposure it expects to win now.

Tuesday’s top analyst upgrades and downgrades included Alexion Pharmaceuticals, Bill.com, Boeing, Costco, Dicks Sporting Goods, Generac, Proofpoint, Regeneron Pharmaceuticals and Shopify.