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Top Analyst Upgrades and Downgrades: AMD, Amgen, Asana, Baidu, First Solar, Mattel, Mirati, Palantir, Pinterest, SAP, Zscaler and More

First Solar Inc. (NASDAQ: FSLR) was raised to Buy from Neutral with a $100 target price (versus an $85.37 close, after a 3.3% gain) at Roth Capital.

Huntington Bancshares Inc. (NASDAQ: HBAN) was raised to Outperform from Neutral with a $12.50 price target (versus a $10.47 close) at Wedbush Securities, which talked up its being on track for nine years of positive operating leverage.

KeyCorp (NYSE: KEY) was downgraded to Neutral from Outperform and was removed from the Best Ideas List at Wedbush, with the firm noting that the investment thesis has played out since the stock was added to the prized list and there was only 4% upside to its $14 price target.

Mattel Inc. (NASDAQ: MAT) was named as the Bull of the Day at Zacks, which said this iconic toymaker has been doubling down on growth initiatives. Shares most recently closed at $14.15 and have a consensus price target of $13.08.

Mirati Therapeutics Inc. (NASDAQ: MRTX) traded up 5.5% at $190.00 on Monday morning after announcing promising anti-tumor activity from its cancer drug candidate adagrasib. SVB Leerink reiterated its Outperform rating and raised its target price to $195 from $134. H.C. Wainwright reiterated it as Buy and raised its price target to $238 from $222.

Palantir Technologies Inc. (NYSE: PLTR) was down 2% at $9.49 ahead of the quiet period equivalent running out for what had been a direct offering. Credit Suisse and Goldman Sachs started it with Neutral ratings. RBC Capital Markets assigned a Sector Perform rating. Jefferies started it at Buy with a $13 price target.

Pinterest Inc. (NYSE: PINS) was reiterated as Overweight and its price target was raised to $60 from $44 at KeyBanc Capital Markets. The stock closed up 4.3% at $53.00 on Friday and now is handily above its old $39.60 consensus price target.

PulteGroup Inc. (NYSE: PHM) was raised to Strong Buy from Outperform with a $60 target price at Raymond James. Shares closed up more than 3% at $43.99, and they had a $49.86 consensus price target ahead of the call.

SAP S.E. (NYSE: SAP) traded down 20% at $119.00 on Monday morning, after warning that lockdowns and business conditions in Europe are forcing it to slash 2020 expectations. This appears to be the worst single-day drop for the stock in 20 years or more. JPMorgan downgraded it to Neutral from Overweight.

Toll Brothers Inc. (NYSE: TOL) was raised to Outperform from Market Perform with a $55 target price at Raymond James. The stock closed up more than 3% at $47.26 per share and had a $48.93 consensus price target ahead of the call.

Zscaler Inc. (NASDAQ: ZS) was started with an Overweight rating and a $190 target price at JPMorgan. The stock closed at $147.05 a share last Friday, and it was indicated up 1.3% at $148.99 on Monday.


Stifel is very positive on gaming software stocks ahead of earnings and has raised price targets on the top three companies in the industry. With earnings coming in early November, aggressive growth investors may want to add some shares now.

Friday’s top analyst upgrades and downgrades included Citrix Systems, CRISPR Therapeutics, Dunkin’ Brands, Fastly, Intel, Mattel, PulteGroup, Sirius XM, Southwest Airlines Tesla and Under Armour.