Investing

Top Analyst Upgrades and Downgrades: AGCO, Caterpillar, Chewy, Clorox, Costco, First Solar, Netflix, Snap, Starbucks, Wynn and More

Federal Realty Investment Trust (NYSE: FRT) was downgraded to Hold from Buy at Jefferies.

First Solar Inc. (NASDAQ: FSLR) was downgraded to Neutral from Buy at BofA Securities.

Flex Ltd. (NASDAQ: FLEX) was raised to Outperform from Sector Perform and its target price was raised to $16 from $12 (versus $12.57 a prior close) at RBC Capital Markets.

Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) was downgraded to Sell from Neutral and its target price was cut to $15 from $18 (versus a $19.93 prior close, after a 5.8% drop) at Goldman Sachs.

Netflix Inc. (NASDAQ: NFLX) has seen price target and subscriber upgrades galore ahead of next week’s earnings, but Wedbush Securities has maintained its Underperform rating and its $220 price target, based on growth deceleration and content delays. The stock closed at $541.94 a share on Thursday.

Norfolk Southern Corp. (NYSE: NSC) was raised to Equal Weight from Underweight at Barclays.

Pinterest Inc. (NYSE: PINS) was reiterated as Overweight and its price target was raised to $52 from $40 at Wells Fargo.

Snap Inc. (NYSE: SNAP) was reiterated as Neutral but its price target was raised to $25 from $18 (versus a $28.06 prior close) at Wedbush Securities.

SolarEdge Technologies Inc. (NASDAQ: SEDG) was raised to Neutral from Sell with a $283 price target (versus a $302.50 consensus target price) at Goldman Sachs.

Starbucks Corp. (NASDAQ: SBUX) was reiterated as Overweight and its price target was raised to $98 from $93 at Wells Fargo. The stock closed down 0.5% at $88.83 on Thursday, and it has an $85.84 consensus price target.

ViaSat Inc. (NASDAQ: VSAT) was named as the Bull of the Day at Zacks, which said that this stock is moving higher along with several other names in the space. Shares most recently closed at $34.52 and have a consensus price target of $73.83.

Welltower Inc. (NYSE: WELL) was downgraded to Neutral from Buy at Mizuho.

WPX Energy Inc. (NYSE: WPX) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

Wynn Resorts Ltd. (NASDAQ: WYNN) was downgraded to Hold from Buy at Jefferies.

Thursday’s top analyst upgrades and downgrades included Alkermes, Amazon.com, Citigroup, eBay, Fastly, Groupon, Lyft, Netflix, ONEOK, Roku, Uber Technologies and Zoom Video Communications.