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Top Analyst Upgrades and Downgrades: Arcutis, DraftKings, First Solar, InflaRx, Livent, Medtronic, NextEra, Roku, Snowflake, Tesla and More

Medtronic PLC (NYSE: MDT) was raised to Buy from Hold with a $125 target price (versus a $105.66 prior close) at Stifel.

Meritage Homes Corp. (NYSE: MTH) was downgraded to Neutral from Overweight at JPMorgan.

NextEra Energy Partners L.P. (NYSE: NEP) was reiterated as Outperform and its price target was raised to $73 from $64 (versus a $65.57 prior close) at Raymond James. The stock closed up 4.5% to $65.57 on Wednesday, but note that its consensus target price was $63.69.

Roku Inc. (NASDAQ: ROKU) was reiterated as Buy and its target price was raised to $255 from $190 (versus $212.55 prior close) at Needham. The stock had a $175.00 consensus target price.

Simon Property Group Inc. (NYSE: SPG) was named as the Zacks Bear of the Day stock. The firm said that the pandemic has radically altered the consumer experience and many REITs are suffering. Shares last closed at $71.03 and have a consensus price target of $80.75.

Snowflake Inc. (NYSE: SNOW) was started with an Underweight rating and a $214 price target (versus a $246.00 prior close) at Atlantic Equities.

Sprout Social Inc. (NASDAQ: SPT) was started with an Overweight rating and a $56 target price (versus a $44.42 prior close) at Barclays. The stock closed up over 6% on Wednesday and was indicated up another 3.5% at $46.00 on Thursday, and it had a $37.75 consensus target price.

Square Inc. (NYSE: SQ) was named as the Bull of the Day at Zacks, which said that Jamie Dimon’s favorite mistake has everyone chasing this one early. Shares most recently closed at $180.18 and have a consensus price target of $155.83.

Tesla Inc. (NASDAQ: TSLA) was raised to Buy from Neutral and the target price was set at $578 at New Street Research. The stock closed up 2.7% at $425.30 a share on Wednesday, and it had a $308.83 prior consensus target price.


Nine Dow Jones industrials could be poised for the best reactions to upcoming earnings.

On the other hand, nine well-known stocks just can’t seem to catch a break when it comes to the recovery.

Wednesday’s top analyst upgrades and downgrades included Alexion Pharmaceuticals, Amazon.com, Diageo, eBay, Etsy, Home Depot, MGIC Investment, Netflix, Sirius XM and Vir Biotechnology.