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Top Analyst Upgrades and Downgrades: Adobe, Disney, Ford, Goldman Sachs, Intel, Microsoft, Salesforce, Seagate, Snowflake and More

Lear Corp. (NYSE: LEA) was raised to Overweight from Neutral at JPMorgan, which has a $210 price target. The consensus target is $173.06, and shares were last seen Thursday at $167.91.

Microsoft Corp. (NASDAQ: MSFT) was started with a Buy rating at Goldman Sachs, which has a $285 price target for the software giant. The consensus target is $243.33, and Thursday’s last trade was at $224.97.

nCino Inc. (NASDAQ: NCNO) was started with a Buy rating and a $90 price target at Needham. The analyst noted the company is a leading provider of a single code-based SaaS digital banking platform for banks with a focus on modernizing and streamlining middle and back-office operations such as loan origination services, deposit account onboarding and credit analysis. The posted consensus target is higher at $93.67. The stock closed on Thursday at $70.75.

Northern Trust Corp. (NASDAQ: NTRS) was upgraded to Outperform from Market Perform at Keefe Bruyette, which also lifted the price target on the bank to $120. The $102.07 consensus also compares with Thursday’s last trade of $94.22.

Quidel Corp. (NASDAQ: QDEL) was raised to Outperform from Market Perform at Raymond James, which has a $250 price target. The consensus target is up at $269. Thursday’s last trade hit the tape at $218.49, after a gain of almost 3% for the day.

Rust Street Interactive Inc. (NYSE: RSI) was started with a Buy rating and a $35 price target at Needham. That compares with a $28 consensus target and Thursday’s closing print of $24.32, after retreating almost 4% for the day.

Salesforce.com Inc. (NYSE: CRM) was started at Goldman Sachs with a Buy rating and a $315 target price. The consensus target is $274.71. The stock was last seen on Thursday at $222.17.

Sage Therapeutics Inc. (NASDAQ: SAGE) was downgraded from Outperform to Market Perform with a $95 price target at BMO Capital Market. The consensus target is $97.55 and Thursday’s last trade was at $92.44.

Seagate Technology PLC (NASDAQ: STX) was raised to Buy from Hold at Summit Insights. The hard drive maker’s shares have traded in a 52-week range of $39.02 to $66.69 and have a consensus price target of $61.91. The stock closed above that level Thursday at $62.94, up almost 3% on the day.

Snowflake Inc. (NASDAQ: SNOW) was started with a Neutral rating at Goldman Sachs, which has set a $310 target. That compares with a slightly lower $309.61 target and Thursday’s final print of $286.32.

Targa Resources Corp. (NYSE: TRGP) was raised to Buy from Hold at Stifel with a $34 price target. That is versus the consensus target of $32.95. The stock closed Thursday at $28.77 down over 3%.

Walt Disney Co. (NYSE: DIS) was upgraded to Buy from Neutral at UBS, which also raise the firm’s price target to $200. The consensus target is $185.54. The stock was last seen on Thursday at $171.28 a share.


Somewhat surprisingly, BofA Securities has added a tech giant’s stock to its US 1 list of top picks. Two other top stocks were added to the list as well.

Thursday’s top analyst upgrades and downgrades included Alphabet, Chevron, Citigroup, Facebook, Fastly, Paypal, Snap, Twitter and Under Armour.