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Top Analyst Upgrades and Downgrades: Booking, Bristol-Myers, Cloudflare, FedEx, JetBlue, Nvidia, Pepsi, Square, Zscaler and More

Cloudflare Inc. (NYSE: NET): Mizuho started coverage with a Neutral rating and a $77 price objective. The consensus target is much higher at $101.17. The last trade to hit the tape on Monday was recorded at $69.73.

Commscope Holding Co. Inc. (NASDAQ: COMM): Deutsche Bank upgraded the stock to Buy from Hold and raised the price target to $21 from $14. That consensus target is lower at $18.29, and the shares ended trading Monday at $17.29.

FedEx Corp. (NYSE: FDX): KeyBanc Capital Markets raised the delivery giant to Overweight from Sector Weight with a $350 price target. The consensus target is lower at $328.75, and the stock was last seen Monday at $290.79.

IDACorp Inc. (NYSE: IDA): BofA Securities downgraded it to Neutral from Buy but kept a $105 price target. The consensus target is posted at $102.75, and the shares ended trading Monday at $100.09.

iHeart Media Inc. (NASDAQ: IHRT): BofA Securities raised the stock to Buy from Underperform with a $26 price target. The consensus target for the broadcasting giant is lower at $18.33. The stock closed Monday at $17.48, down over 4% on the day.


JetBlue Airways Corp. (NASDAQ: JBLU): Susquehanna raised the stock to Positive from Neutral with a $26 price target. The consensus target is $20.07, and the shares ended trading on Monday at $20.50.

Mosaic Co. (NYSE: MOS): Berenberg raised it to Buy from Hold and set a $40 price target. The consensus target is at $33.68, and the stock was last seen Monday at $31.77.

NorthWestern Corp. (NYSE: NWE): Credit Suisse downgraded the stock to Neutral from Outperform but raised the price target to $66 from $60. The consensus target for the utility giant is $64.75, and the shares ended trading Monday at $67.60. Trading right at the 52-week high, this could be a valuation call.

Nvidia Corp. (NASDAQ: NVDA): Cowen raised the price target on the semiconductor leader to $675 from $665 after its analysts day discussed its expanding accelerated compute portfolio and business models to extract value in gaming, autos and data center. The analysts reiterated their Outperform rating. The consensus target is $644.34, and Monday’s last trade came in at $608.36, up almost 6% on the day.

PepsiCo Inc. (NYSE: PEP): Wolfe Research started the stock with a Peer Perform rating. The shares have traded in a 52-week range of $126.53 to $148.77 and have a $152.04 consensus price target. The stock closed Monday at $143.02.