Top Analyst Upgrades and Downgrades: American Eagle, Baidu, GameStop, Halliburton, Mosaic, Regeneron, Salesforce, Take-Two, Wells Fargo and More

Illumina Inc. (NASDAQ: ILMN) was named as the Zacks Bear of the Day stock. The firm pointed out that the maker of premier next-gen genomic sequencing technology lowered its guidance but the shares did make new highs. Shares last closed at $406.25 but have a consensus price target of $324.81.

Imax Corp. (NYSE: IMAX) was downgraded to Neutral from Buy at Goldman Sachs, which did lift the price target to $17.90. The $18.76 consensus target is just above Friday’s closing print of $18.47.

Medifast Inc. (NYSE: MED) was raised to Buy from Hold at Jefferies, which also boosted the price target to $265. That compares with a lower $236 consensus target and Friday’s last trade of $220.87.

Magnite Inc. (NASDAQ: MGNI) was downgraded to Hold from Buy at Truist Securities, which also raised the price target to $37. That is well above the $24.71 consensus target. But the stock closed Friday at $40.08, up almost 11% after another brokerage firm doubled its price target.

Mosaic Co. (NYSE: MOS) was raised to Buy from Neutral at Citigroup, which hiked the price target to $33. The consensus target is $27.50. The shares were last seen on Friday at $28.33.

Regency Centers Corp. (NASDAQ: REG) was raised from Neutral to Buy with a $54 price objective at Compass Point. The consensus price objective is $50.33. The last trade on Friday was reported at $46.93. The shares were up over 2% in the premarket.

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was raised from Market Perform to Outperform with a $630 price target at BMO Capital Markets. The consensus target is up at $660.56. The shares closed Friday’s trading at $537.78 and were up almost 4% in premarket action. Inc. (NYSE: CRM) was raised to Hold from Sell at Loop Capital, which has set a $225 price target. The consensus target is set much higher at $274.71. The last trade on Friday was posted at $225.77.

Schlumberger Ltd. (NYSE: SLB) was raised to Buy from Neutral at BofA Securities. The firm also boosted the price target to $31. That consensus target is $26.37, and the last trade for Friday came in at $24.41.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) was resumed in coverage at Goldman Sachs with a $234 target price. The consensus target is much lower at $196.41. The stock closed at $204.66 on Friday.

Texas Roadhouse Inc. (NASDAQ: TXRH) was downgraded at JPMorgan from Neutral to Underweight with an $80 price target. The consensus target for the restaurant chain is in line at $80.92. The stock was last seen on Friday at $79.71. With trading so close to a 52-week high, this is likely a valuation call.

Wells Fargo Inc. (NYSE: WFC) was upgraded to Outperform from Neutral at Credit Suisse, which also lifted the price target on the money center bank to $40. The consensus target is posted at $37.25. Friday’s last trade came in at $31.90 a share.

Note that five stocks paid short sellers $1 billion or more last year, but two stocks crushed short sellers.

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Early Friday’s top analyst upgrades and downgrades included Adobe, Ford, Goldman Sachs, Intel, Microsoft,, Seagate Technology, Snowflake, Targa Resources and Walt Disney. Analyst calls made later in the day featured Apple, Amazon, Facebook, Nio and more.