Top Analyst Upgrades and Downgrades: Apache, CME, Cree, On Semiconductor, Pioneer Natural Resources, Plug Power, Sony, Wayfair and More

Re/Max Holdings Inc. (NASDAQ: RMAX) was downgraded to Neutral from Buy with a $44 price target at Compass Point. The consensus target for the real estate giant is $40.50. The last trade on Friday came in at $41.72, just shy of a 52-week high, so this could be a valuation call.

Sony Corp. (NYSE: SNE) was named as the Bull of the Day at Zacks, which said that music and a hot, in-demand gaming console are driving this consumer stock. Shares most recently closed at $105.81 and have a consensus price target all the way up at $147.39.

Spirit AeroSystems Holdings Inc. (NYSE: SPR) was raised at Morgan Stanley to Overweight from Neutral with a $50 price target. The consensus target is much lower at $43.18. The stock was last seen on Friday at $42.83, and the shares were up almost 4% in the premarket.

Verisk Analytics Inc. (NASDAQ: VRSK) was raised to Neutral from Sell at UBS, though the firm lowered its price target to $177. The consensus target is $199.46. Shares closed on Friday at $163.85.

Wayfair Inc. (NYSE: W) was raised from Hold to Buy with a $370 target price at Truist Securities. The much lower consensus target is $313.73, and Friday’s close was at $288.98, which was up 12% on the day.

WSFS Financial Corp. (NASDAQ: WSFS) was downgraded to Neutral from Overweight at Piper Sandler, but the firm raised the price target to $55. The $50.40 consensus target is lower than Friday’s close at $53.14 per share.

Yandex N.V. (NASDAQ: YNDX) was raised to Overweight from Equal Weight at Morgan Stanley. The shares have traded in a 52-week range of $27.93 to $74.32 and have a consensus price target of $73.79. The last trade for Friday was reported at $63.99.

It appears that some top hedge funds that were shorting tech IPOs as soon as they could are now piling back into the shares. Four such companies offer stellar technologies and applications, and their stocks make sense for aggressive investors looking for solid ideas.

Friday’s early top analyst upgrades and downgrades included AIG, Best Buy, Carvana, Dell Technologies, HP, L Brands, Monster Beverage, Twitter and Zscaler. Analyst calls seen later in the day were on Airbnb, Centerpoint, Editas and more.