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Top Analyst Upgrades and Downgrades: Agilent, Carnival, Clorox, Darden, Pinduoduo, QuantumScape, Shell, Williams-Sonoma and More

Revolve Group Inc. (NYSE: RVLV) was upgraded to Buy from Neutral at BofA Securities, which also raised the price target to $65. That compares with the much lower $43.75 consensus target and Wednesday’s close at $52.58.

Royal Dutch Shell PLC (NYSE: RDS-A) saw its target price raised to $48 from $43 at Cowen, which maintained an Outperform rating on the integrated oil giant. That compares with the higher consensus target of $50.92 and Wednesday’s closing print of $43.22.

Targa Resources Corp. (NYSE: TRGP) was started at Goldman Sachs with a Conviction Buy rating and a $49 price target. That compares with the lower consensus price objective of $37.60 and Wednesday’s final trade of $33.34 a share.

Translate Bio Inc. (NASDAQ: TBIO) was downgraded to Hold from Buy at Truist Securities, and the firm lowered the price target to $20. Evercore ISI downgraded it to In Line from Outperform and lowered the price target to $21 as well. The consensus target is $32. The stock closed on Wednesday at $25.70. The shares are down a stunning 27% in pre-market trading after the company said Wednesday its inhaled messenger RNA drug failed to improve lung function in cystic fibrosis patients.

Upstart Holdings Inc. (NASDAQ: UPST) was raised to Market Outperform from Market Perform with a $111 price target at JMP Securities. The consensus target is a much lower $60.79, and the closing price on Wednesday was $60.79 per share.

Westlake Chemical Partners L.P. (NASDAQ: WLKP) was downgraded to Neutral from Buy at UBS, though the firm raised the price target to $25. The consensus target is $25.50, and the stock closed trading on Wednesday at $24.72.

Williams-Sonoma Inc. (NYSE: WSM) saw its target price raised to $175 from $155 at Telsey Advisory. The company provided new targets of $10 billion in sales and an operating margin of 15% in the next five years. The consensus target for the upscale retailer is a much lower $119.12. The last trade for Wednesday came in at $136.39 a share.


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Wednesday’s early top analyst upgrades and downgrades included Amazon.com, Charter Communications, Hershey, McDonald’s, Plug Power, Seagate Technology, Starbucks and Virgin Galactic. Analyst calls seen later in the day were on Comcast, CVS, Sherwin-Williams and more.