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

SMART Global Holdings Inc. (NASDAQ: SGH) saw its target price raised to $65 from $56 at Needham. The consensus target is $55.20, and Tuesday’s final trade came in at $48.71. Shares were up almost 3% in the premarket.

Sunrun Inc. (NASDAQ: RUN) was started with an Outperform rating and an $81 price target at RBC Capital Markets. The consensus target for the solar company is in line at $81.17, and the final trade for Tuesday was reported at $56.22.

Vertex Inc. (NASDAQ: VERX) was downgraded at Morgan Stanley from Equal Weight to Underweight with an $18 price target. The consensus price objective is $29.38m and the last trade to hit the tape on Tuesday came in at $22.66. The shares were down almost 3% in premarket trading.

ViacomCBS Inc. (NASDAQ: VIAC) was raised to Outperform from Peer Perform at Wolfe Research. The shares have traded in a wide 52-week range of $14.39 to $101.97 and were crushed recently when millions were sold as a part of a massive hedge fund meltdown. The consensus price target for the broadcasting and programming company is $57.48. The stock closed Tuesday at $44.35, which was up almost 4% for the day.

Waste Management Inc. (NYSE: WM) was started at Goldman Sachs with a Buy rating and a $145 price target. The consensus target for the garbage disposal giant is $131.36, and the stock was last seen trading at $131.60 on Tuesday.

Zendesk Inc. (NYSE: ZEN) was resumed in coverage with a Buy rating and a $180 price target at Stifel. The consensus target is $179.11, and shares last closed at $139.33 apiece.

Two very timely additions to the BofA Securities Growth 10 portfolio and three other stocks that offer some outstanding earnings growth potential could be outstanding additions to the portfolios of growth investors.

See which analyst is bearish on Apple despite its services growth and why another top analyst expects airline stocks to continue to soar.

Tuesday’s early top analyst upgrades and downgrades included Airbnb, Chevron, Coupang, Freeport-McMoRan, Peloton Interactive, Snap, Wynn Resorts and Zillow. Analyst calls seen later in the day were on American Airlines,, Bumble, McDonald’s, Starbucks and more.

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