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Top Analyst Upgrades and Downgrades: AbbVie, Alcoa, Applied Materials, Fox, Merck, Paychex, ViacomCBS and More

Bright Horizons Family Solutions Inc. (NASDAQ: BFAM) was downgraded at Morgan Stanley from Equal Weight to Underweight with a $150 price target. That compares with a consensus price objective of $174.25 and Tuesday’s close at $178.29.

CyberArk Software Ltd. (NASDAQ: CYBR) was raised to Outperform from Neutral at Baird, which has a $170 price target for the cybersecurity leader. That consensus target is up at $184.47, and the shares closed at $135.56 on Tuesday.

Fox Corp. (NASDAQ: FOXA) was upgraded to Equal Weight from Underweight at Wells Fargo, which lifted the price target on the broadcasting giant to $41 from $27. The consensus target is $36.41m and Tuesday’s last trade came in at $37.05.


HubSpot Inc. (NYSE: HUBS) was resumed in coverage with a Buy rating and a $550 price target at Stifel. The lower consensus target is $490.52. Tuesday’s last trade of $490.52 was up close to 4% for the day.

L Brands Inc. (NYSE: LB) was raised to Buy from Neutral at UBS. The stock has traded in a 52-week range of $8.80 to $64.12 and has a consensus price target of $66.38. The shares closed at $62.04.

Lazard Ltd. (NYSE: LAZ) was raised at Morgan Stanley from Equal Weight to Overweight with a $61 price target. The consensus target is $49.89, and Tuesday’s final print was at $44.74.

Merck & Co. Inc. (NYSE: MRK) was resumed in coverage with a Sector Perform rating and $79 price target at RBC Capital Markets. The consensus target is much higher at $96.10, and the giant drug manufacturer closed trading Tuesday at $75.79 a share.

Paychex Inc. (NASDAQ: PAYX) was downgraded to Underperform from Peer Perform at Wolfe Research, which kept a $94 price target on the shares. The consensus target is $96.93, and the stock closed Tuesday at $95.42, down almost 5% on the day despite beating earnings and revenue estimates.

SAGE Therapeutics Inc. (NASDAQ: SAGE) was started with an Overweight rating and a $100 price target at Piper Sandler. That compares with a slightly higher consensus target of $102.21 and Tuesday’s last trade at $79.29.

Saia Inc. (NASDAQ: SAIA) was upgraded to Overweight from Equal Weight at Stephens, which raised the price target on the trucking giant to $295 from $230. The much lower consensus target is $209.55. The Tuesday close at $228.67 a share was down almost 5% for the day.

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