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Top Analyst Upgrades and Downgrades: Alphabet, Chevron, Citigroup, Facebook, Fastly, Paypal, Snap, Twitter, Under Armour and More

Freshpet Inc. (NASDAQ: FRPT) was raised at Oppenheimer from Perform to Outperform with a price target of $175. The consensus target is $144.17. The stock closed on Wednesday at $146.53.

Halozyme Therapeutics Inc. (NASDAQ: HALO) saw its target price raised to $59 from $46 at Benchmark, which reiterated its Buy rating. The consensus target is $42.92, and Wednesday’s closing print was $47.67 a share.

PayPal Holdings Inc. (NASDAQ: PYPL) was raised from Neutral to Buy with a $300 price target at BTIG Research. The consensus target is lower at $244.92. The last trade on Wednesday hit the tape at $244.26.

Sanderson Farms Inc. (NASDAQ: SAFM) was upgraded to Outperform from Market Perform at BMO Capital Markets, which also lifted the target price to $163. The consensus target is $140.86. The stock was last seen on Wednesday at $134.45, after more than a 4% gain for the day. Shares were up another 2% in the premarket as well.

Snap Inc. (NYSE: SNAP) was started with an Overweight rating and a $66 price target at Piper Sandler. The posted consensus target is much lower at $48.53, and shares closed Wednesday at $52.20, up almost 4% on the day. Shares were close to 3% higher in the premarket.

Spirit AeroSystems Holdings Inc. (NYSE: SPR) was upgraded to Outperform from Neutral at Credit Suisse, which also lifted its price target to $50. That compares with a consensus target of $39.06. The final trade for Wednesday was reported at $39.81.

Synaptics Inc. (NASDAQ: SYNA) was raised to Neutral from Underweight at JPMorgan, which also pushed up the target price to $110. That compares with the lower $104.64 consensus target and Wednesday’s $103.85 final trade.

Twitter Inc. (NYSE: TWTR) was started with a Neutral rating and a $45 price target at Piper Sandler. The consensus target is $47.09, and Wednesday’s closing price was $47.60, after almost a 4% gain on the day.

Under Armour Inc. (NYSE: UAA) was raised to Buy from Hold at Deutsche Bank, which moved the price target to $22. The consensus target for the apparel giant is much lower at $15.08. The last trade for Wednesday hit the tape at $18.61. The shares were up almost 4% in premarket action.

Goldman Sachs has four out-of-favor stock picks have been reasonably strong but still have double-digit upside potential for 2021. Plus, they act somewhat defensively when the going gets tough.

Wednesday morning’s top analyst upgrades and downgrades included Altria, Boeing, Coca-Cola, GlaxoSmithKline, Halliburton, Kroger, Netflix and Pioneer Natural Resources. Analyst calls made later in the day included Caterpillar, Delta Air Lines, PepsiCo, Tesla and more.