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Top Analyst Upgrades and Downgrades: Array Technologies, Baidu, Credit Suisse, Facebook, Franklin Resources, Twitter, ViacomCBS and More

Ares Management Corp. (NASDAQ: ARES) was downgraded to Market Perform from Outperform at BMO Capital Markets, which also lowered the price target to $59. The consensus target is $57.90. The shares were last seen on Friday at $53.90.

Baidu Inc. (NASDAQ: BIDU) was raised to Hold from Buy at Loop Capital. The shares have traded in a wide 52-week range of $90.94 to $354.82 and have a $348.85 consensus price target. Friday’s closing trade came in at $208.61.

Carrier Global Inc. (NYSE: CARR) was upgraded to Overweight from Equal Weight at Morgan Stanley, which raise the price target to $53. The consensus target is just $44.14. The shares were last seen at $41.09 on Friday.

Cowen Inc. (NASDAQ: COWN) was raised from Hold to Buy with a $43 price target at Compass Point. The consensus target is $49, and Friday’s close was at $34.34 a share.

Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) was started with a Buy rating and a $195 price target at Deutsche Bank. The consensus target for the restaurant chain is $162.71, and the stock ended Friday trading at $172.03.

Credit Suisse Group A.G. (NYSE: CS) was downgraded to Neutral from Buy at BofA Securities. The European banking giant’s shares have traded in a 52-week range of $7.33 to $14.95 and have a $15.08 consensus target.

Everest Re Group Ltd. (NYSE: RE) was upgraded to Buy from Hold at Deutsche Bank, which raised the price target to $305. That compares with a consensus target of $278.33 and Friday’s closing trade of $250.15.

Facebook Inc. (NASDAQ: FB) was reiterated with a Buy rating at Deutsche Bank, which also raised the price target on the social media colossus to $385 from $355. The consensus target is $338.05, and the shares were last seen at $283.02 on Friday.


Franklin Resources Inc. (NYSE: BEN) was upgraded to Outperform from Market Perform at BMO Capital Markets, which raised the price target on the mutual fund giant to $36. The consensus target is a much lower $25.62, and the stock closed trading Friday at $29.40.

Harmony Biosciences Holdings Inc. (NASDAQ: HRMY) was upgraded to Buy from Neutral at Goldman Sachs, which raised the price target to $43 from $41. The consensus target is up at $51.33, and the stock was last seen Friday trading at $27.56, after retreating over 7% for the day.

Johnson Controls International PLC (NYSE: JCI) was upgraded to Overweight from Equal Weight at Morgan Stanley, which raised the price target to $73. The consensus target is $59.47, and Friday’s final trade hit the tape at $59.99.