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Top Analyst Upgrades and Downgrades: Activision, Alphabet, Conoco, Dick's, Northern Oil, Shopify, Tesla, Weibo and More

DIRTT Environmental Solutions Ltd. (NASDAQ: DRTT) was downgraded to Sell from Hold at Industrial Alliance. The shares have traded in a 52-week range of $0.71 to $3.48. The last trade on Wednesday was posted at $2.39.

Northern Oil and Gas Inc. (NYSE: NOG) was reiterated with a Buy rating at Truist Securities, but the firm raised its price target to $11 from $7. The consensus target is higher at $13.25. The analyst feels the company will continue generating solid free cash flow with which it likely will continue to pay down leverage notably. The stock closed Wednesday at $8.90 per share.

Regency Centers Corp. (NASDAQ: REG) was reiterated with a Buy rating at Truist Securities, which also raised the price target to $50 from $45. The consensus target price is $50.40, and the final print on Wednesday came in at $45.59 a share.

Shopify Inc. (NYSE: SHOP) was started with a Buy rating at Masterlink Securities. The stock has traded in a wide range, between $305.30 and $1,285.19, over the past 52 weeks. The consensus price target is $1,127.91, while the shares closed most recently at $1,163.

Tesla Inc. (NASDAQ: TSLA) was started with a Buy rating at Masterlink Securities. The electric vehicle giant has traded in a stunning 52-week range of $70.10 to $696.50. The consensus price target of $421.03 is far below Wednesday’s $694.78 per share close.

Weibo Corp. (NYSE: WB) was downgraded to Hold from Buy at First Shanghai Bank. The shares have traded between $28.93 and $52.33 in the past year. The consensus price target is $43.17, and the shares were last seen Wednesday changing hands at $41.02.

WPX Energy Inc. (NYSE: WPX) was dropped in coverage at Truist Securities following shareholder approval of the company’s merger with Devon Energy. The shares were Buy rated and have traded between $1.94 and $14.33 apiece over the past year. The stock closed Wednesday at $8.35, up over 6% on the day.

With the market way overbought, what many feel makes sense for 2021 are dividend-paying stocks with solid growth potential that can deliver solid total return. Five top stocks on the BofA Securities conviction list fit the bill.

Furthermore, the question for many investors is which major semiconductor stocks have the potential to keep running in 2021 and keep the markets hitting all-time highs.

Wednesday’s top analyst upgrades and downgrades included Applied Materials, Caterpillar, Costco Wholesale, JPMorgan, Spotify, Vertex Pharmaceutical, Vornado Realty Trust and Whiting Petroleum.