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Top Analyst Upgrades and Downgrades: AMC, Caesars, Ford, JetBlue, Microsoft, Palo Alto, Spotify, Tesla and More

Essex Property Trust Inc. (NYSE: ESS) was upgraded to Outperform from Market Perform at BMO Capital Markets, which raised the price target to $310 from $275. The consensus target is $279.42, and the most recent close was at $276.49.

Ford Motor Co. (NYSE: F) was started at Wells Fargo with an Overweight rating and a $14 price target. The consensus target is $11.93, and the stock closed most recently at $12.17.

General Motors Co. (NYSE: GM) also was started with an Overweight rating at Wells Fargo, which has a $67 price target for the shares. The consensus target is $64.48, and the most recent close was at $57.80.

Harley-Davidson Inc. (NYSE: HOG) was named as the Zacks Bear of the Day stock. The firm pointed out that people are no longer excited about this company’s motorcycles anymore. Shares last closed at $39.96 but have a consensus price target of $38.38.

Invitae Corp. (NASDAQ: NVTA) was raised from Perform to Outperform with a $48 price target at Oppenheimer. The much higher $64.60 consensus is also well above the most recent close at $39.19 per share.


JetBlue Airway Corp. (NASDAQ: JBLU) was raised at Raymond James from Market Perform to Outperform with a $24 price target. The consensus target for the airline is $18.77, and the final trade for last week hit the tape at $20.27. The stock was almost 4% higher in the premarket.

Logitech International S.A. (NASDAQ: LOGI) was named as the Bull of the Day at Zacks, which said that this company is not just a “one-trick pony” of returns during the global lockdowns. Shares most recently closed at $107.98 and have a consensus price target of $123.28.

MGM Resorts International (NYSE: MGM) was raised at Morgan Stanley from Equal Weight to Overweight with a $45 price target. The consensus target is $37.55. The shares closed at $39.70, up almost 5% on Thursday.

Microsoft Corp. (NASDAQ: MSFT) was resumed in coverage at Credit Suisse with an Outperform rating and a $265 price target. The consensus target for the legacy software giant is $272.71. The stock ended last week at $242.35 per share.

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