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Top Analyst Upgrades and Downgrades: Beyond Meat, Home Depot, KeyCorp, Lowe's, Nike, Nvidia, Palo Alto, PG&E, Salesforce, Under Armour and More

MasterCraft Boat Holdings Inc. (NASDAQ: MCFT) was reiterated as Outperform and its price target was raised to $25 from $22 (versus a $23.79 prior close) at Raymond James. The stock closed up over 8% on Wednesday to $23.79, and its consensus target price was $27.13.

MGM Growth Properties LLC (NYSE: MGP) was started as Outperform with a $35 target price (versus a $29.99 prior close) at Raymond James.

Nike Inc. (NYSE: NKE) was started with an Outperform rating and a $145 price target at RBC Capital Markets. The firm noted it as the best of its peers as a global athletic play, and it expects that the company will see a faster recovery from all of the COVID-19 disruptions.

Nvidia Corp. (NASDAQ: NVDA) was reiterated as Hold but its target price was raised to $500 from $450 at Deutsche Bank, with high valuations keeping its rating in check. The stock closed up 5% at $536.72 per share on Wednesday, and it has a $571.37 consensus target price.

Old National Bancorp (NASDAQ: ONB) was downgraded to Equal Weight from Overweight at Stephens.

Palo Alto Networks Inc. (NYSE: PANW) was reiterated as Buy with a $305 price target (versus a $242.72 prior close) at Truist Securities. The call was brought on after the company said it was paying $800 million to acquire Expanse, and Truist sees this as taking over unique product assets that could prove to be a significant growth driver ahead.

PG&E Corp. (NYSE: PCG) was raised to Outperform from Peer Perform at Wolfe Research.

Regional Management Corp. (NYSE: RM) was downgraded to Neutral from Buy at Janney.

Salesforce.com Inc. (NYSE: CRM) was downgraded to Equal Weight from Overweight at Morgan Stanley, with the firm noting that its subscription model may come with some near-term pressures against its earnings and free cash flow.

Under Armour Inc. (NYSE: UAA) was started as Sector Perform with a $16 target price (versus a $14.51 prior close) at RBC Capital Markets. The shares were indicated down 3.1% at $14.05 a share on Thursday, and the prior consensus target price was $13.25.


Goldman Sachs has now issued a new price target for the S&P 500 by the end of 2021, calling for gains of 20% from current levels.

The top financials have rallied big recently, but they still offer long-term growth investors large upside potential. BofA Securities has raised price targets on four Buy-rated companies that pay dependable dividends and look like solid 2021 ideas.

Wednesday’s top analyst upgrades and downgrades included AIG, CrowdStrike, Datadog, Devon Energy, eGain, Lyft, Moderna, Occidental Petroleum, Peloton Interactive and Yelp.